. Rowell Corp has 50,000 units completed for the month of January, the beginning inventory units were 12,500 units, 60% incomplete and ending inventory units of 5,000 20% completed. What is the EUP using weighted average method? a. 50,000 b. 46,000 c. 55,000 d. 51,000 The total number of started in process units is: a. 55,000 c. 42,500 b. 50,000 d. 37,500 What is the EUP using the FIFO method? a. 51,000 b. 46,000 c. 50,000 d. 63,000 The total number of started in process units using the FIFO method is: a. 55,000 c. 42,500 b. 50,000 d. 63,000

. Rowell Corp has 50,000 units completed for the month of January, the beginning inventory units were 12,500 units, 60% incomplete and ending inventory units of 5,000 20% completed. What is the EUP using weighted average method? a. 50,000 b. 46,000 c. 55,000 d. 51,000 The total number of started in process units is: a. 55,000 c. 42,500 b. 50,000 d. 37,500 What is the EUP using the FIFO method? a. 51,000 b. 46,000 c. 50,000 d. 63,000 The total number of started in process units using the FIFO method is: a. 55,000 c. 42,500 b. 50,000 d. 63,000

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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Hh1.
ABC company accumulated the following cost in Department B During the Month of November: 田 Cost Transferred from Dept. A Material Total P 17,050 184.000 P 201,050 Conversion Costs P 5,450 104.000 P 109,450 P 22,500 322,000 P344,500 Beginning Inventory Current Period Cost Р 34.000 P 34,000 Production for November in Department B (in units): 2,000 60% complete 20,000 5,000 40% complete WIP-November 1 Complete period transferred WIP-November 30 Materials are not added in Department B until the very end of processing Department B. Required: Compute the value of ending WIP Using FIFO method:
Q4. Q3.
5 a. Determine the number of units in progress inventory at December 31. _______ units b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0".
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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 Units 67,000 357,000 335,000 89,000 Completed and transferred out Ending work in process Total Direct Materials Percent Units 335,000 89,000 424.000 Complete Percent Complete 70% 30% 85% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Conversion Equivalent units of production: Weighted average method Direct Materials Percent Complete 85% 35% EUP Percent Complete Conversion EUP
A company uses the weighted average method for inventory at the end of the period 20,000 units were in the end he work in process inventory in or 100% complete for materials and 85% complete for conversion the quality cost per unit or materials $2.75 in conversion $2.26 computer cost would be assigned to the end he work in process inventory for the.
Production data for the month of September was: 13,400 units Completed and Transferred out 4,800 partially complete units in Ending Inventory, which were 70% complete as toconversion and 100% complete as to material
8.AA Inc. transferred 5,500 units to finished good inventory during June. On June 1, the company had 300 units on hand (40% complete as to both materials and conversion costs). On June 30, the company had 800 units (10% complete as to material and 20% complete as to conversion costs). Using FIFO Method, what is the equivalent units of production for June conversion costs?
During May, the number of equivalent units of materials applied to units produced by Department Q totaled 48,000, computed as follows: beginning inventory, 5,000 equivalent units; units started and completed in May, 37,000 equivalent units; and ending inventory, 6,000 equivalent units. On the basis of this information, which of the following statements is true? Multiple Choice There were more units in Department Q's ending inventory than in Department Q's beginning inventory for May. Department Q completed 48,000 units of product during May. The number of units transferred in May from Department Q to next process or department was 37,000. Department Q used enough materials during May to produce 48,000 equivalent units.
Vd Subject: accounting