XYZ Manufacturing purchases trees from ABC company and pro split off point where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of November: Joint Costs Joint Costs (The cost of purchasing 100 trees $3,000 and processing them up to the split off point Paper Pencil Casings Beginning inventory Production 60,000 60,000 Sales 58,000 60,000 2,000 Ending inventory Selling price $0.04 $0.10 ril casings?

Better Choice Foods makes a single pocket using two processes. Quality control check takes place during the process, at which point rejected units are separated from good units. The following details relate to production for the month of April 2019, for process 2. Work in process, beginning inventory Transfer from process 1 , 15,000 units valued at $51.40 each Other Manufacturing costs incurred during April:                Direct Material added                                 $513,000               Direct Labour                                                $365,000              Manufacturing overhead                            $211,000    1v.     Normal losses were estimated to be 5% of input during the period. Losses from process 2 are    deemed to be scrap, and sold at $40 per unit. v.   At inspection ,1,750 units were rejected as scrap. These units had reached the following degree of completion:       Input material                        100%      Direct Material added…

Q-toric Company manufactures a single product, mushroom soup, which undergoes three production processes (chopping, mixing and packaging) before it can be transferred to finished goods. In the month of February, the chopping department incurred $8,100 and $8,500 for material cost and conversion cost respectively during the month. Beginning inventory was 40 % complete as to conversion costs and materials are added at the beginning of the period at each department. Beginning work in process inventory has 13,733 units, which are attached with $4,400 material costs and $530 conversion costs. The chopping department started 7,100 units during the period. There are 3,600 units remaining in the chopping process at the end of the month, which are 55 % complete as to conversion cost. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole unit or whole dollar. a) Calculate the number of units transferred from the chopping department to the mixing…

Marigold Paints makes various interior and exterior paints for its customers, but its current focus is on its top-selling interior brand. Marigold produces the paint in its mixing department and then transfers the paint to the canning department. The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process. One unit is one gallon of paint. Units in beginning WIP Inventory Beginning WIP Inventory degree of completion Costs in beginning WIP Inventory New units started Costs added to WIP Inventory this period Units completed Units in ending WIP Inventory Ending WIP Inventory degree of completion (a) Your Answer Correct Answer . . Total equivalent units of work done Cost per aquivalent Unit S Units Teep cost of units complete 1,700 Transferred-in 47,500 48,200 1,000 Transferred-In 100% 100% $12,020 $2,020 DM $408,500 $55,800 100% Complete Steps 1-5 of the template for the canning department…

STI Industries manufactures two types of industrial staplers, small and regular. During October,STI purchased direct materials to produce its staplers. The quantity purchased equaled thequantity used. Related information for direct materials is as follows:                                                                               Small                 RegularDirect materials                                                     Stapler              StaplerStandard ounces per unit                                        12                         cStandard price per ounce                                        $2.00                $2.50Actual quantity purchased (used) per unit                 a                    16.75Actual price per ounce                                             $2.50               $2.80Materials price variance                                         $1,000 U            $2,010 U Materials usage variance                                          $800 F…

The Green Company processes unprocessed goat milk up to the split- off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October: | Direct materials processed: 100,500 gallons (after shrinkage) 44,500 gallons Production: Condensed goat milk Skim goat milk 56,000 gallons $4.25 per gallon $3.50 per gallon Sales: Condensed goat milk Skim goat milk The costs of purchasing the of unprocessed goat milk and processing it up to the split - off point to yield a total of 100,500 gallons of saleable product was $186.480. There were no inventory balances of either product. Condensed goat milk may be processed further to yield 44,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $6 per usable gallon. Xyla can be sold for $21 per gallon. Skim goat milk can be processed further to yield 54,700 gallons of skim goat milk ice cream. for an additional processing…

Chem Manufacturing Company processes direct materials up to the splitoff point where two products (X and Y) are obtained and sold. The following information was collected for the month of November: Production: X 3000 gallons, Y 2000 gallons . Sales: X 2600 at $15 per gallon ,Y 1700 at $10 per gallon. The joint cost was $20000. No beginning inventories of X and Y. --- Using the physical-volume method, joint cost allocated for X : Select one: O a. $20000 O b. $8000 c. $12000 O d. $10000

Skysong Productions produces all of its parts in the machining department and puts them together in the assembly department. At the very end of the assembly process, packaging material is added-it's the new DM added in the assembly department. Once the packaging material is added, the units are ready for sale. There were 310 units in beginning WIP Inventory-Assembly in March, having already received 60% of their conversion costs. During March, 2,480 more units were transferred-in to assembly from the machining department. By the end of March, 2,710 units had been completed in the assembly department, leaving 80 units in ending WIP Inventory-Assembly. Those units were 20% complete as to conversion work. Determine Skysong's equivalent units of production in March for all three categories of costs using the FIFO method. Total equivalent units of work done this period Transferred-in 2480 DM 2480 Conversion Costs 2540