(18) Data for a company are provided below:DirectConversionMaterialsCost per equivalent unit this period$3.00$6.00Cost in beginning work-in-processinventory$26,000$38,600Equivalent units to complete beginninginventory03,600Units started and completed this period42,00042,000Equivalent units in completed endinginventory13,0005,200Materials are added at the beginning of the production process. Conversioncosts are added uniformly throughout the production process.Assuming a FIFO flow of costs, what is this company's computed totalproduction cost transferred out during the period?O $378,600○ $399,600$425,600$464,200Copy

Step 1:First calculate the total cost of beginning WIP transferred out during the period: Total cost…

Answered: (18) Data for a company are provided…

Principles of Accounting Volume 2

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Chapter4: Job Order Costing

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Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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ssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?
(13) Data for a manufacturing company for the year are as follows: Physical Percent Units Completed Beginning work 400 30% in process Started and 10,000 100% completed Ending work 900 70% in process What is the manufacturing company's computed equivalent units of production for the period? 10,000 10,280 10,630 10,910 口

How much should be the accumulated cost of work in process as of May 31? a. P90,000 b. P100,000 c. P190,000 d. P220,000
Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 295,000 $ 305,000 A Conversion $ 15,000 385,000 $ 400,000 If the equivalent units of production for materials is 6,000 units using the weighted-average method, then what is the cost per equivalent unit for materials? Total $ 25,00 680,00 $705,00
Assume the following information: Materials $ 10,000 291,600 $301,600 Conversion $15,000 387,000 $ 402,000 Milling Department Total Cost of beginning work in process inventory Costs added during the period $ 25,000 678,600 $703,600 Total cost ts 00:13:14 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department? Multiple Choice $29,280 $59,280 $49.280
a. The total unit cost in Department Y is? b. The total cost of completed and transferred out units in Department Y is?
A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 186,000 80% Units started this period 400,000 Units completed and transferred out 430,000 Ending work in process inventory 156,000 35% (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method.
A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 158,000 85% Units started this period 330,000 Units completed and transferred out 360,000 Ending work in process inventory 128,000 25% Assume the company utilizes the wieghted-average method. What are the equivalent units of production for conversion costs?
Data obtained from Antanian Manufacturing Inc. for July 2020 are as follows:Assembly DepartmentBeginning WIP- 100% RM, 60% CC 2.000 unitEnding WIP- 90% RM, 25% CC 1.400 unitsUnit put in process 6.000 unitsLost units (end of process) 100 unitsSpoiled units (abnormal) 200 unitsCost of Beginning WIP:- RM $ 450,000- CC 550,000Current Manufacturing Costs:- RM $ 750,000- CC 1,150,000 Required: Prepare cost of production (COGM) report for Assembly Department by using weighted averagemethod of process costing!
Prepare General journal entries for the given question
1. The following information is available for Department A of B Manufacturing Corporation for themonth of July:WIP, July 1, 30% complete 5,000 unitsCosts: Materials P12,000.00 DL P6,000.00 OH P8,000.00 Started in production during July 20,000 unitsCost added: Materials P36,000.00 DL P16,000.00 OH P20,200.00 WIP, July 31, 20% complete 2,000 units Materials are added at the beginning of the process and the company uses the weighted averagemethod to account for cost. Required: A. Cost of production report assuming the company utilizes FIFO method of accounting costsB. Cost of WIP ending, under WAC. Cost of WIP ending, under FIFOD. Cost of goods transferred to finished goods, under WAE. Cost of goods started and completed in July, under FIFO
provided for the first week in March: Physical flow schedule: Units to account for: Units in BWIP Units started Total units to account for Units accounted for: Units completed: From BWIP Started and completed Units in EWIP Total units accounted for Required: Direct Materials Direct Materials Conversion $30,000 Inputs Unit conversion cost Total unit cost 0 46,000 1. Calculate the equivalent units for each input category. Equivalent Units $ $50,200 60,000 60,000 Conversion Costs 0 46,000 14,000 60,000 2. Calculate the unit cost for each category and in total. If required, round your answers to the nearest cent. Unit direct materials cost $ 3. What if a different type of materials is also added at the end of the process (a candy wrapper), costing $9,200? Calculate the new unit cost. If required, round your answer to the nearest cent. $ per unit

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