(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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(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

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
A company manufacturing two products furnishes the following data Annual output Product Output units Machine Hours Purchase Orders Machine set-ups A 5000 20000 160 20 B 60000 120000 384 44 Total 65000 140000 544 64 The annual overheads are as under. Rs Volume related activity costs 4,50,000 Set up related costs 9,20,000 Purchase related costs 5,18,000 Total 1,888,000 You are required to calculate the overheads cost per unit of each product A and B based on Activity based costing method.
A department had the following information for the month: Total materials costs P45,000 Conversion cost per unit P3.00 Total manufacturing cost per unit P5.50 What are the equivalent units of production for materials?
Compute the unit cost for materials when beginning work in process is $965, current period costs are $12,835, and equivalent units for the department are 4,000. a. $3.45 b. $3.21 c. $0.24 d. $34.50
Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000 $ 400,000 Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:
Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000 $ 400,000 Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest
Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 284,000 385,000 Total cost $ 294,000 $ 400,000 Using the weighted-average method, the cost per equivalent unit for materials is closest to
Product X is obtained after it passes through three distinct processes. The following cost information is available for the operation. Total Process 1 Process 2 Process 3 Direct materials added $15,084 $5,200 $3,960 $5,924 Direct wages 18,000 4,000 6,000 8,000 Production overhead 18,000 1,000 units @ $6.00 per unit were introduced in Process 1. Production overhead is to be distributed as a percentage of direct wages. Actual Output Units Normal Loss Scrap Value per Unit Process 1 950 5% $4.00 Process 2 840 10% $8.00 Process 3 750 15% $10.00 Prepare the process accounts and post your responses in the Discussion Forum.
What is the equivalent units of production for materials? a. 42,000 b. 45,000 c. 48,000 d. 60,000
The following information is given for a company: Process A Process B Units passing inspection 8,800 units 3,000 units Units entering process 10,000 units 5,000 units Calculate the (a) process yield for Process A, (b) process yield for Process B, and (c) overall process yield. Round your answers to one decimal place, if necessary. a. Process yield for Process A fill in the blank 1 % b. Process yield for Process B fill in the blank 2 % c. Overall process yield

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