The inspection department at Swifty Industries receives manufactured parts from its own production department and then meticulously checks every part before packaging it for sale. This month, the production department focused on automobile side mirrors. The inspection department began April with just 180 side mirrors in process. These beginning units were 70% of the way through the inspection process. During April, 4,010 more side mirrors were transferred-in from the production department. By month's end, 3,770 units had been fully inspected and packaged (packaging occurs when the units reach the 95% completion point in the inspection department). April's ending WIP Inventory units in the inspection department were 40% of the way through the inspection process. (a) Determine Swifty's equivalent units for transferred-in costs, DM, and conversion costs in April, assuming the company uses the FIFO method of process costing. Total equivalent units of work done Transferred-in DM Conversion Cost Determine equivalent units for all three cost categories in part (a), assuming Swifty instead uses the weighted-average method of process costing. Total equivalent units of work done eTextbook and Media Save for Later Transferred-in DM Conversion Cost Attempts: 0 of 2 used Submit Answer (d) Which of the two methods more accurately reflects how the work in the inspection department is done?

Smith Electronic Company’s chip-mounting production department had 300 units of unfinished product, each 50% completed on September 30. During October of the same year, this department put another 900 units into production and completed 1,000 units and transferred them to the next production department. At the end of October, 200 units of unfinished product, 70% completed, were recorded in the ending Work-in-Process Inventory. Smith Electronic introduces all direct materials when the production process is 50% complete. Direct labor and factory overhead (i.e., conversion) costs are added uniformly throughout the process.   Following is a summary of production costs incurred during October:     Direct Materials Conversion Costs Beginning work-in-process   $ 3,712 Costs added in October $ 9,900 6,400 Total costs $ 9,900 $ 10,112   Required: 1. Calculate each of the following amounts using weighted-average process costing:a. Equivalent units of direct materials and…

Woolens Corp. manufactures bolts of wool cloth. The wool cloth is cut and manufactured in the Manufacturing Department. When manufacturing is complete, the bolts of cloth are then transferred to the Inspection Department. In the Inspection Department the bolts of wool cloth pass through various quality control tests. Direct materials for inspecting the wool cloth are added when the inspection process is 90% complete; conversion costs are added evenly throughout. For the current period the Manufacturing Department transferred 25,000 units to the Inspection Department. Beginning work in process in the Inspection Department included 4,000 units that were 70% complete as to conversion. Ending inventory totaled 9,000 units that were 20% complete as to conversion. a. Calculate the Inspection Department's equivalent units for transferred-in, direct materials and conversion costs (respectively) using the FIFO method of process costing.

Harson Co. manufactures a single product in two departments: Forming and Assembly. During May, the Forming department completed a number of units of a product and transferred them to Assembly. Of these transferred units, 62,500 were in process in the Forming department at the beginning of May and 175,000 were started and completed in May. May’s Forming department beginning inventory units were 40% complete with respect to materials and 80% complete with respect to conversion. At the end of May, 76,250 additional units were in process in the Forming department and were 80% complete with respect to materials and 20% complete with respect to conversion. The Forming department had $683,750 of direct materials and $446,050 of conversion cost charged to it during May. Its beginning inventory included $99,075 of direct materials cost and $53,493 of conversion cost. 1. Compute the number of units transferred to Assembly. 2. Compute the number of equivalent units with respect to both materials…