The Bottling Department of RockySprings Beverage Company had 4,900ounces in beginning work in processinventory (10% complete). During theperiod, 81,400 ounces were completed.The ending work in process inventorywas 4,100 ounces (50% complete).Required:What are the total equivalent units fordirect materials if materials are added atthe beginning of the process?

Answered: The Bottling Department of Rocky…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Equivalent Units of Production The Converting Department of Soft Touch Towel and Tissue Company had 1,080 units in work in process at the beginning of the period, which were 40% complete. During the period, 22,800 units were completed and transferred to the Packing Department. There were 1,200 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Soft Touch Towel and Tissue Company Number of Equivalent Units of Production Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total
The Bottling Department of Mountain Springs Water Company had 5,300 liters in beginning work in process inventory (20% complete). During the period, 58,100 liters were completed. The ending work in process inventory was 3,200 liters (60% complete). All inventories are costed by the first-in, first-out method. What are the equivalent units for conversion costs under the FIFO method? equivalent units All work saved. 1 Previous Next > Submit Test for Grading D
The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,870 liters in beginning work in process inventory (30% complete). During the period 55,530 liters were completed. The ending work in process was 6,760 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process? equivalent units
The Constructing Department of MEC Company had 2,600 units in work in process at the beginning of the period, which were 55% complete. During the period, 23,800 units were completed and transferred to the Packing Department. There were 7,400 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs.
Pharoah Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Units in beginning work in process 22,400 Units started into production 183, 680 Units in ending work in process 26,880 Percent complete in ending work in process: Conversion costs 60 % Materials 100 % Cost of beginning work in process, plus costs incurred during the period: Direct materials $103, 040 Direct labor $184,576 Overhead $206, 080
Equivalent Units of Production The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% complete. During the period, 10,800 units were completed and transferred to the Packing Department. There were 1,900 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Worley Company Number of Equivalent Units of Production Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, beginning 640 160 Started and completed 12,960 X 12,960 12,960 X Transferred to Packing Department 12,600 12,960 X 13,120 720 X 720 X 216 X Inventory in process, ending Total 14,320 13,680 X 13,336 X Feedback V Check My Work When are the materials added to the units? How much more…
Solve all the parts within 30 mins.
The Filling Department of Eve Cosmetics Company had 2,200 ounces in beginning work in process inventory (40% complete). During the period, 35,900 ounces were completed. The ending work in process inventory was 1,800 ounces (10% complete).
Equivalent Units of Production The Converting Department of Toren Company had 1,160 units in work in process at the beginning of the period, which were 60% complete. During the period, 24,400 units were completed and transferred to the Packing Department. There were 1,280 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production, Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Toren Company Number of Equivalent Units of Production Line Item Description Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Whole Units Direct Materials Conversion Equivalent Units Equivalent Units CO
Taco Ranch uses a process cost system and the FIFO cost flow assumption. Production begins in the Crafting Department where direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On November 1, the beginning Work in Process inventory consisted of 10,000 units which were 60% complete and had a cost of $190,000, $100,000 of which were direct materials costs. During November, the following occurred: Direct materials added $225,000 Conversion costs incurred $45,000 Units completed and transferred out in November 40,000 Units in ending Work in Process inventory November 30 (20% complete) 25,000 Answer the following questions and show the computations that support your answers. b) What are the costs assigned to the ending Work in Process inventory on November 30? c) What are the costs assigned to units completed and transferred out during November? I (Ctrl) Rectangu V
Madad Company had the following production and cost information for its blending department during February (with materials added at the beginning of the process): Production: Units in process February 1, 50% complete with respect to conversion 2,000 Units completed 13,000 Units in process, February 28, 60% complete 2,400 Costs: RM Work In Process, February 1 16,000 Materials 12,000 Conversion costs 28,00 Current Costs: Materials 50,000 Conversion costs 84,000 Total 134,000 REQUIRES: 1 Develop an equivalent units schedule. 2 Calculate the unit cost. 3 Calculate the costs of units transferred out and the cost of EWIP.
The Filling Department of Ivy Cosmetics Company had 2,000 ounces in beginning work in process inventory (20% complete). During the period, 33,900 ounces were completed. The ending work-in process inventory was 1,700 ounces (50% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process?( ) units

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS