The Mixing Department of Yummy Foods had 60.000 equivalent units of materials for October. Of the 60,000 units, 20,000 units were completed and transferred to the next department, and 40.000 units were 50% complete. Yummy Foods's costs per equivalent unit of production are $0.70 for direct materials and $0.45 forconversion costs. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the process and the company uses the weighted-average method.Calculate the cost of the 20,000 units completed and transferred out and the 40,000 units, 50% complete, in the ending Work-in-Process Inventory.Yummy FoodsProduction Cost Report - Mixing Department (Partial)Month Ended October 31DirectConversionTotalCOSTSMaterialsCostsCostsCosts accounted for:Completed and transferred outEnding work-in-processTotal costs accounted for

The production price report. Summarizes the assembly and price activity inside a department for a…

Answered: The Mixing Department of Yummy Foods…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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
The Converting Department of Comfy Touch Towel and Tissue Company had 1,040 units in work in process at the beginning of the period, which were 60% complete. During the period, 21,600 units were completed and transferred to the Packing Department. There were 1,160 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 box does not require an entry, leave it blank. Comfy Touch Towel and Tissue Company Number of Equivalent Units of Production Direct Units Materials Conversion Whole Equivalent Units Equivalent Units Inventory in process, beginning 00000 Started and completed Transferred to Packing Department Inventory in process, ending Total
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The Converting Department of Comfy Touch Towel and Tissue Company had 2,600 units in work in process at the beginning of the period, which were 35% 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. If an amount box does not require an entry, leave it blank. Comfy Touch Towel and Tissue Company Number of Equivalent Units of Production Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Whole Units Direct Materials Equivalent Units Conversion Equivalent Units
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The Converting Department of Soft Touch Towel and Tissue Company had 920 units in work in process at the beginning of the period, which were 60% complete. During the period, 19,200 units were completed and transferred to the Packing Department. There were 1,040 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 Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process, beginning fill in the blank 1 fill in the blank 2 fill in the blank 3 Started and completed fill in the blank 4 fill in the blank 5 fill in the blank 6 Transferred to Packing Department fill in the blank 7 fill in the blank 8 fill in the blank 9…
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The Mixing Department of It Was Fresh Bakery had 50,500 units to account for in October. Of the 50,500 units, 40,400 units were completed and and transferred to the next department, and 10,100 units were 35% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. Compute the total equivalent units of production for direct materials and conversion costs for October. Direct Materials # of units X % completed = EUP Started and Completed X = Work-in-Process X = Total EUP = Conversion Costs # of units X % completed = EUP Started and Completed X = Work-in-Process X = Total EUP = The Mixing Department for It Was Fresh Bakery has direct materials costs totaling $49,100 and conversions cost of $29,300 for October.2. Compute the cost per…
The Mixing Department of Yummy FoodsYummy Foods had 60,000equivalent units of materials for October.Of the 60,000 units, 20,000 units were completed and transferred to the next department, and 40,000 units were 50% complete. Yummy Foods'sYummy Foods's costs per equivalent unit of production are $ 0.70 for direct materials and $0.45 for conversion costs. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the process and the company uses the weighted-average method. Calculate the cost of the 20,000 units completed and transferred out and the 40,000 units, 50% complete, in the ending Work-in-Process Inventory.
Eagles Ltd. uses process costing in its Fabricating Department. At the beginning of October, it had 12,000 units in beginning work-in-process that were 40% complete with respect to conversion. During October, it put 87,000 units into production and completed 89,000 good units. On October 31, there were 3,000 units in ending work- in-process that were 70% complete with respect to conversion. Direct materials are added at the beginning of the process. Inspection occurs at the end of the process, and normal spoilage is 6% of good output. Costs related to the beginning inventory were $36,800 for direct materials and $28,600 for conversion costs. During the month, the company issued $280,000 of direct materials and incurred $599,400 of conversion costs. Assuming Eagles uses the weighted average method of process costing, the cost per equivalent unit for direct materials and conversion costs, respectively, are O a. $3.20; $6.40 b. $3.44; $6.89

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