5 CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June Units 22,000 383,000 361,000 44,000 Materials $ 22,000 $304,000 Percentage Completed Conversion 25% Materials 75% 50% Conversion $ 20,500 $167,000 Required: Assume that the company uses the FIFO method. 1. Determine the equivalent units for June for the first process. 25%

5 CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June Units 22,000 383,000 361,000 44,000 Materials $ 22,000 $304,000 Percentage Completed Conversion 25% Materials 75% 50% Conversion $ 20,500 $167,000 Required: Assume that the company uses the FIFO method. 1. Determine the equivalent units for June for the first process. 25%

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 9E: A company manufactures a liquid product called Crystal. The basic ingredients are put into process...

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BusinessE b My Questi Reference Chapt X enccinstructure.com/courses/3788/assignments/35967?module ite 0 In the month of June, a department had 19000 units in beginning work in process that were 65% complete. During June, 89000 units were started into production. At the end of June there were 9000 units in ending work in process that were 35% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the department in June? O 89000 units. O 99000 units. O 108000 units. O 80000 units.
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 units 27,000 59,000 34,000 work in process, April 1 costs added during April total costs % complete DM 60% DM $ 25,310 $190,720 $216,030 70% The cost of beginning work in process and the costs added during April were as follows: % complete conversion 85% Conversion $191,175 $208,985 $400,160 40% Total cost $216,485 $399,705 $616,190 Calculate the total cost of the handling department's work in process inventory at April 30 using the weighted average process costing method.
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 units 27,000 59,000 34,000 work in process, April 1 costs added during April total costs % complete DM 60% DM $ 25,310 $190,720 $216,030 70% The cost of beginning work in process and the costs added during April were as follows: % complete conversion 85% Conversion $191,175 $208,985 $400, 160 40% Total cost $216,485 $399,705 $616, 190 Calculate the total cost of the 27,000 units in the beginning work in process using the FIFO process costing method.
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 units 27,000 59,000 34,000 work in process, April 1 costs added during April total costs % complete DM 60% DM $ 25,310 $190,720 $216,030 70% The cost of beginning work in process and the costs added during April were as follows: % complete conversion 85% Conversion $191, 175 $208,985 $400, 160 40% Total cost $216,485 $399, 705 $616, 190 Calculate the equivalent units with respect to conversion costs using the FIFO process costing method.
ro-1 Sprint Corporation started operations on October 1, 2014. It has three processing departments: X, Y, and Z. The following information was available during the first month of production: October 2014 Department Department Department Quantity Started in process Finished and transferred to next department Work in process, end Stage of completion 3,000 2,800 4,000 2,000 800 2,800 3,000 1,000 20% 200 50% 25% Cost incurred Materials Labor Overhead P 64,000 38,400 51,200 153,600 P34,800 29,000 23,200 P87,000 P22,000 13,200 8,800 P44,000
please solve it using weighted average method while showing T-accounts and every step. solve it ASAP! S C Smith Company reported the following activity in the Assembly Department for the month of June: Work in process, June 1 Units started into production in June Units completed and transferred out of Department A during June Work in process, June 30 Units 300 6,000 5,400 900 Percent Completed Materials Conversion 20% 40% 60% 30%
5 Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 600 40% 20% $ 620 $ 2,162 18,000 18,200 $55,388 $500,872 Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units…
Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month forthe first department follow:Units Materials Labor OverheadWork in process, beginning .............................. 5,000 $4,320 $1,040 $1,790Units started in process ................................... 45,000Units transferred out ........................................ 42,000Work in process, ending .................................. 8,000Cost added during the month ........................... $52,800 $21,500 $32,250The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete withrespect to materials and 50% complete with respect to labor and overhead.Required:Assume that the company uses the weighted-average method of accounting for units and costs.1. Compute the equivalent units for the month for the first department.2. Determine the costs per equivalent…
Required information Skip to question [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process—Mixing Department June 1 balance 25,000 Completed and transferred to Finished Goods ? Materials 157,080 Direct labor 99,500 Overhead 117,000 June 30 balance ? The June 1 work in process inventory consisted of 4,000 units with $13,020 in materials cost and $11,980 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 36,500 units were started into production. The…
Halligan Company manufactures a product in four departments. Data for the first department follow: Production: Units in process, July 1, 75% complete Units completed and transferred out Units in process, July 31, 25% complete Costs: Work in process, July 1 Costs added during the month Halligan uses FIFO costing. Required: 60,000 150,000 30,000 $193,500 $500,625 1. Prepare a physical flow analysis for the first department for July. 2. Calculate equivalent units of production for the first department for July. 3. Calculate unit cost for materials, conversion, and in total for the first department for July. 4. Calculate the cost of units transferred out and the cost of ending work in process. 5. Prepare a cost reconciliation for the first department for July.
Betty DeRose, Inc. operates two departments, the handling department a nd the packaging department. During April, the handling department report ed. the following information: work in process, April 1 units started during April work in process, April 30 units 27,000 59,000 34,000 t work in process, April 1 costs added during April total costs. % complete DM 60% 70% The cost of beginning work in process and the costs added during April were as follows: DM $ 25,310 $190,720 $216,030 % complete conversion 85% 40% Conversion $191,175 $208,985 $400, 160 Total cos $216,485 $399,705 $616, 190 Calculate the equivalent units with respect to conversion costs using the FIFO process costing method.
CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Unite 53,000 452,00০ Percentage Completed Materials Conversion 758 Work in process, beginning Started into production Completed and transferred out Work in process, ending 358 399,000 106,000 708 15% Work in process, beginning Cost added during June Materials Conversion $ 28,500 $334,000 $ 18, 0০০ $132,000 Required: Assume that the company uses the FIFO method. 1. Determine the equivalent units for June for the first process. Materials Conversion Equivalent units of production 2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.) Materials Conversion Cost per equivalent unit 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June.…