The Matsui Lubricants plant uses the FIFO 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 $ 991   Conversion costs   332   Current period costs       Direct materials   13,580   Conversion costs   8,844       Quantity information is obtained from the manufacturing records and includes the following.           Beginning inventory 650 units (60% complete as to materials, 50% complete as to conversion) Current period units started 4,400 units   Ending inventory 1,300 units (40% complete as to materials, 20% complete as to conversion)     Compute the cost of goods transferred out and the ending inventory using the FIFO method. (Do not round intermediate calculations.)

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.

Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below:     Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 3,400 85 87 Work-in-process inventory — June 30 4,700 60 37 Started processing during June 9,600       Total equivalent units for materials under the weighted-average method are calculated to be:   Multiple Choice   10,496 equivalent units.   8,010 equivalent units.   11,120 equivalent units.   7,865 equivalent units.   10,039 equivalent units.

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Vinubhai

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): Beginning work in process (38,000 units): Percentage complete with respect to Costs Ending work in process (54,000 units): Percentage complete with respect to Costs Materials Conversion 100% $ 89,600 20% $ 24,636 100% 60% ?? ?? The Remington Plant started 228,000 units and transferred out 212,000 in July. Materials costs incurred in July were $714,000 and conversion costs were $1,099,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the weighted-average method. Note: Round your answers to 2 decimal places. Cost per equivalent unit Direct Materials Conversion

Star Plastic company produces plastic cups. table below are the data for April 2019. Star Plastic uses the weighted average method for inventory calculations. raw materials are added at the beginning of the production process while conversion costs are added evenly throughout the process. calculate equivalent units (EU) for DIRECT MATERIALS Physical Units Direct Conversion Materials Costs $ 13,332 Work in process, beginning inventory (April 1) Degree of completion of beginning work in process Started during April Good units completed and transferred out during April Work in process, ending inventory (April 30) Degree of completion of ending work in process Total costs added during April Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage 2,400 $21,240 100% 50% 12,000 10,800 2,160 100% 75% $97,560 $111,408 10% 100% 100% 100% 100%

Fortune Company had beginning raw materials inventory of $9,900. During the period, the company purchased $55,500 of raw materials on account. If the ending balance in raw materials was $6,900, the amount of raw materials transferred to work in process is: Multiple Choice $52,500. $58,500. $55,500. $62,400.

Required information [The following information applies to the questions displayed below.] Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 26,553 8,605 Beginning inventory Current period units started Ending inventory 159,792 82,020 Quantity information is obtained from the manufacturing records and includes the following: 6,000 units 45,200 units (40% complete as to materials, 15% complete as to conversion) 23,000 units (75% complete as to materials, 35% 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 for conversion costs for February using the FIFO method.