Using Process Costs for Decision Making The costs of materials consumed in producing good units in the Forming Department of McMillan Company were $129,600 and $132,500 for September and October, respectively. The number of equivalent units produced in September and October was 1,200 tons and 1,250 tons, respectively. Evaluate the change in the cost of materials between the two months. Material cost per ton, September $ Material cost per ton, October $ The cost of materials. by $ per ton between September and October.

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows: April 1, work in process:      Materials cost, 3,000 units $7,700    Conversion costs, 3,000 units, 80% completed 5,100 Materials added during April, 10,000 units 25,300 Conversion costs during April 32,200 Goods finished during April, 11,500 units — April 30, work in process, 1,500 units, 60% completed — All direct materials are placed in process at the beginning of the process, and the weighted average method is used to cost inventories. The conversion cost per equivalent unit (to the nearest cent) for April is a.$3.01 b.$3.24 c.$3.73 d.$2.87

Physical Flow Schedule  The following information was obtained for the grinding department ofHarlan Company for May:a. BWIP had 91,500 units, 30% complete with respect tomanufacturing costs.b. EWIP had 25,200 units, 25% complete with respect tomanufacturing costs.c. Started 99,000 units in May.Required:Prepare a physical flow schedule.

a. Calculate the equivalent units for the Forming Department for the month of August. b. Find the cost per equivalent unit of direct materials and conversion associated with the units transferred during the month. (Round your answers to 2 decimal places.)

Current Attempt in Progress Monty Company has the following production data for June: units completed and transferred out, 49,000 and ending work in process inventory, 5,880 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $7. Determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost assigned to units completed and transferred out Cost assigned to the units in ending work in process inventory Save for Later $ $ Attempts: 0 of 1 used Submit Answer

Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,800 tons in beginning work in process inventory (20% complete) on October 1. During October, 63,400 tons were completed. The ending work in process inventory on October 31 was 3,200 tons (80% complete).

Analyzing changes in unit costs The costs of materials consumed in producing good units in the Forming Department of Thomas Company were $5,530 and $8,450 for September and October, respectively. The number of equivalent units produced in September and October was 790 tons, and 1,690 tons, respectively. Evaluate the change in the cost of materials between the two months. Round all answers to the nearest whole cent. Energy cost per ton, September Energy cost per ton, October The cost of energy has appeared to • by $ per ton between September and October.

At the beginning of the year, you estimated the following - Production - 75,000 units Raw Material - 270,000 pounds at a cost of $1,026,000 Direct Labor - 187,500 hours at a cost of $4,125,000 Variable Overhead - 135,000 machine hours at a cost of $567,000 Fixed Overhead - $900,000 At the end of year, the actual results were as follows - Production - 73,000 units Raw Material - 265,720 pounds purchased and used at a cost of $1,036,308 Direct Labor - 179,580 hours at a cost of $3,968,718 Variable Overhead - 133,590 machine hours at a cost of $558,406.20 Fixed Overhead - $891,000

Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,000 tons in beginning work in process inventory (80% complete) on October 1. During October, 50,100 tons were completed. The ending work in process inventory on October 31 was 2,500 tons (80% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?

Question: Bingham Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below. Work in process, beginning: Units in beginning work-in-process inventory 400 Materials costs $6,900 Conversion costs $2,500 Percentage complete for materials 80% Percentage complete for conversion 15% Units started into production during the month 6,000 Units transferred to the next department during the month 5,000 Materials costs added during the month $112,500 Conversion costs added during the month $210,300 Ending work in process: Units in ending work-in-process inventory 1,200 Percentage complete for materials 60% Percentage complete for conversion 30% Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department.