The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019: Beginning inventory (700 units, 40% complete)     Direct materials   $17,430 Conversion costs   47,652 Current period     Direct materials (5,000 units)   210,000 Direct labor   357,600 Manufacturing overhead applied   226,800 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the following: a. Equivalent units for materials and conversion. b. Cost per equivalent unit for materials and conversion. c. Total cost assigned to the units transferred out.   Equivalent Units   Where do the units come from?     Where do the units go?   % Work Done? Direct Materials   % Work Done? Conversion Costs   Beginning Inventory Answer   Complete/Transferred Answer   Answer Answer   Answer Answer   Started Answer   Ending Inventory Answer   Answer Answer   Answer Answer   Total Answer   Total Answer     Answer a.   Answer a. Product Cost Report Where do the costs come from?     Direct Materials   Conversion Costs   Beginning Inventory Answer   Answer   Answer   Current Answer   Answer   Answer   Total Costs to Account For Answer   Answer   Answer   ÷ Total Equivalent Units     Answer   Answer   Average cost / Equivalent unit     Answer b. Answer b. Where do the costs go?   Complete / Transferred:             Direct Materials   Answer         Conversion costs   Answer         Costs of Goods Manufactured   Answer c.       Ending Inventory:   Direct Materials   Answer         Conversion costs   Answer         Cost of Ending Inventory   Answer         Total Costs Allocated   Answer

The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Materials Conversion Beginning work in process (26,000 units): Percentage complete with respect to 100 % 20% Costs $ 83,600 $ 18, 636 Ending work in process (42,000 units): Percentage complete with respect to 100 % 60% Costs ? ? ? ? The Remington Plant started 216,000 units and transferred out 200,000 in July. Materials costs incurred in July were $594,000 and conversion costs were $979,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method.

At May 31, 2020, the account of Vaugh Company show the following. 1. May 1 Inventories-finished goods $14,300, work in process $15,100 and raw materials $8,900. 2. May 31 inventories-finished goods $9,600, work in process $16,100, and raw materials $7,600. 3. Debit posting to work in process were direct materials $62,800, direct labor $53,100, and manufacturing overhead applied $42,300. (Assume that overhead applied was equal to overhead incurred) 4. Sales revenue totaled $216,200 Prepare a condensed cost of goods manufactured schedule.

The Welding Department of Concord Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs   Production Data Beginning work in process           Beginning work in process   15,100  units, 1/10 complete     Materials   $18,100       Units transferred out   55,400       Conversion costs   14,960   $33,060   Units started   51,300   Materials       237,540   Ending work in process   11,000  units, 1/5 complete Labor       67,900           Overhead       89,940           Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.)

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day.           Beginning WIP inventory       Direct materials $ 980   Conversion costs   557   Current period costs       Direct materials   27,220   Conversion costs   16,803       Quantity information is obtained from the manufacturing records and includes the following.           Beginning inventory 800 units (65% complete as to materials,56% complete as to conversion) Current period units started 5,900 units   Ending inventory 1,500 units (45% complete as to materials,15% complete as to conversion)   Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and conversion costs.

Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory   Direct materials $ 27,553 Conversion costs 8,905 Current period costs   Direct materials 166,592 Conversion costs 86,000 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) Current period units started 45,400 units   Ending inventory 25,000 units (75% complete as to materials, 35% complete as to conversion)   Compute the cost of goods transferred out and the ending inventory for February using the weighted-average method. Note: Do not round intermediate calculations.

In July, the cost of materials transferred into the Rolling Department from the Casting Department of Oak Ridge Steel Company is $544,900. The conversion cost for the period in the Rolling Department is $116,900 ($68,900 factory overhead applied and $48,000 direct labor). The total cost transferred to Finished Goods for the period was $590,000. The Rolling Department had a beginning inventory of $26,500. a1.  Journalize the cost of transferred-in materials.     fill in the blank 16e838059fb9033_2         fill in the blank 16e838059fb9033_4 a2.  Journalize the conversion costs. If an amount box does not require an entry, leave it blank.     fill in the blank a2acba089f98fcb_2 fill in the blank a2acba089f98fcb_3     fill in the blank a2acba089f98fcb_5 fill in the blank a2acba089f98fcb_6     fill in the blank a2acba089f98fcb_8 fill in the blank a2acba089f98fcb_9 a3.  Journalize the costs transferred out to Finished Goods.     fill in the…

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,268,894 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $78,800 48,800 $127,600 1,581,280 225,000 335,014 Production records show that 35,400 units were in beginning work in process 30% complete as to conversion costs, 656,300 units were started into production, and 25,400 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.