PLS HELP ASAP ((( 9Required information[The following information applies to the questions displayed below.]Part 3 of 4Select the best answer for each of the following independent multiple-choice questions.02:04:26c. Department X is the first stage of Sarena Solvents's production cycle. The following information is available for conversion costs for the month ofDecember:eBookBeginning work-in-process inventory (60% complete)Started in DecemberCompleted in December and transferred to Department YEnding work-in-process inventory (40% complete)Using the FIFO method, the equivalent units for the conversion cost calculation are:PhysicalUnits51,000536,000519,00068,000Multiple ChoiceNone of the options are correct.о528,000.о560,000.о524,000.542,000.

Units started and completed = Units started - Ending work in process= 536,000 - 68,000= 468,000…

Answered: 9 Required information [The following…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...

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Required information Skip to question [The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $821,960 on October 1. Of this amount, $330,000 was the cost of direct materials and $491,960 was the cost of conversion. The 52,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 110,000 units were transferred out and 34,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,553,600 for direct materials and $3,326,400 for conversion. Compute the costs of goods transferred out and the ending inventory using the weighted-average method.
4 Running Company had the following information for the month of June Work in process beginning inventory, June 1 Units transferred in Work in process ending inventory, June 30 Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process Inventory is 50 percent complete as to conversion. Materials are added at the end of the process. 2,900 18,700 4,900 units units units The equivalent units for materials under the weighted-average method are calculated to be: OA) 14.250 OB) 10,000 OC 16.700 OD 10,150 E21,150
Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.
There were 2.000 units in beginning inventory that were 70% complete with regard to conversion. During the month. 15.000 units were started, and 16,000 were transferred to finished goods. The ending work in process was 55% complete with regard to conversion costs, and materials are added at the beginning of the process. What is the total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method?
Production information shows these costs and units for the smoothing department in August. All materials are added at the beginning of the period. The ending work in process is 30% complete as to conversion. What is the value of the inventory transferred to finished goods and the value of the WIP inventory at the end of the month?
Required information [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Beginning work in process inventory Units started this period Completed and transferred out. Ending work in process inventory Beginning work in process inventory Direct materials Units The production department had the cost information below. Conversion Costs added this period Direct materials Conversion Total costs to account for 60,000 322,000 300,000 82,000 $ 118,472 48,594 850,368 649,296 Direct Materials Conversion Percent Complete 60% 80% $ 167,066 1,499,664 $1,666,730 a. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. Percent Complete 40% 30%
The following cost information is available for July for the Crest Plant at Calvert Company. Beginning work-in-process inventory Materials cost Conversion cost Total . ● Current costs • Materials cost Conversion cost Total Materials are added at the beginning of the process. The following quantities have been recorded: Beginning inventory, 42,400 partially complete gallons, 25 percent complete with respect to conversion costs. Units started in July, 84,800 gallons. $ 59,360 37,524 $ 96,884 $ 131,440 394,956 $ 526,396 Units transferred out in July, 95,400 gallons. Ending inventory, 31,800 gallons, 40 percent complete with respect to conversion costs. Cost of goods transferred out total Ending inventory total Required: Compute the cost of goods transferred out and the ending inventory for July using the weighted-average method. Note: Do not round your intermediate calculations.
The following cost information is available for July for the Crest Plant at Calvert Company: · ● Beginning work-in-process inventory Materials cost Conversion cost Total . Current costs Materials cost Conversion cost Total Materials are added at the beginning of the process. The following quantities have been recorded: Beginning inventory, 44,800 partially complete gallons, 25 percent complete with respect to conversion costs. Units started in July, 89,600 gallons. Units transferred out in July, 100,800 gallons. Ending inventory, 33,600 gallons, 40 percent complete with respect to conversion costs. $ 62,720 39,648 $ 102,368 $ 138,880 417,312 $ 556,192 Cost of goods transferred out total Ending inventory total Required: Compute the cost of goods transferred out and the ending inventory for July using the weighted-average method. Note: Do not round your intermediate calculations.
The following cost information is available for July for the Crest Plant at Calvert Company: Beginning work-in-process inventory Materials cost Conversion cost Total Current costs Materials co Conversion cost Total ● $ 56,000 35,400 $ 91,400 Materials are added at the beginning of the process. The following quantities have been recorded: Beginning inventory, 40,000 partially complete gallons, 25 percent complete with respect to conversion costs. Units started in July, 80,000 gallons. Units transferred out in July, 90,000 gallons. Ending inventory, 30,000 gallons, 40 percent complete with respect to conversion costs. $ 124,000 372, 600 $ 496,600 X Answer is complete but not entirely correct. Cost of goods transferred out $ 371,400 X Ending inventory $ 95,100 Required: Compute the cost of goods transferred out and the ending inventory for July using the FIFO method.
[The following information applies to the questions displayed below] The first production department of Stone Incorporated reports the following for April Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Conversion Costs added this period Direct materials Conversion Total costs to account for The production department had the cost information below. Beginning work in process inventory Direct materials Units 62,000 332,000 Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-Weighted average 310,000 84,000 Weighted average: Cost per equivalent unit; costs assigned to output and inventory Completed and transferred out Direct materials Conversion Total costs completed and transferred out Ending work in process Direct materials Required a Cost per equivalent unit of production: Weighted average method Conversion Total cost of ending…
Required information [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Percent Units Complete Percent Complete Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory 80,000 422,000 400,000 102,000 60% 40% 90% 40% The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials $ 196,304 68,624 $ 264,928 1,451, 226 989, 296 Conversion 2,440,522 Total costs to account for $ 2,705,450 a. Compute cost per equivalent unit for both direct materials and conversion. (Round "Cost per EUP" to 2 decimal places.) b. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory.…
The following cost information is available for July for the Crest Plant at Calvert Company: Beginning work-in-process inventory Materials cost Conversion cost Total ● Current costs Materials cost Conversion cost Total $ 64,500 43,500 $ 108,000 Materials are added at the beginning of the process. The following quantities have been recorded: Beginning inventory, 48,500 partially complete gallons, 30 percent complete with respect to conversion costs. • Units started in July, 88,500 gallons. Units transferred out in July, 98,500 gallons. Ending inventory, 38,500 gallons, 55 percent complete with respect to conversion costs. $ 205,000 455,000 $ 660,000 Cost of goods transferred out Ending inventory Required: Compute the cost of goods transferred out and the ending inventory for July using the FIFO method. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.

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