I need help. 6. The Cutting Department has 4,500 units inprocess at the end of September that are 100%complete for direct materials and 60% completefor conversion costs. Calculate the equivalentunits of production for direct materials andconversion costs.Determine the formula, then enter the amountsto calculate the equivalent units of productionfor direct materials and conversion costs. (Enterpercentages as whole numbers.)=Number ofequivalentunitsDirectmaterialsConversioncostsx×% =% =

Step 1: The equivalent number of units of production can be calculated by multiplying the number of…

Answered: 6. The Cutting Department has 4,500…

Principles of Accounting Volume 2

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Chapter5: Process Costing

Section: Chapter Questions

Problem 14EA: A production department within a company received materials of $10,000 and conversion costs of...

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Using the same data found in Exercise 6.22, assume the company uses the FIFO method. Required: Prepare a schedule of equivalent units, and compute the unit cost for the month of December. Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was 40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Costs in beginning work in process for the Polishing Department were direct materials, 5,000; conversion costs, 6,000; and transferred in, 8,000. Costs added during the month: direct materials, 32,000; conversion costs, 50,000; and transferred in, 40,000.
Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The units are 100% complete with regard to materials and 55% complete with regard to conversion costs. What are the equivalent units for materials and conversion?
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.
Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: a. All materials are added at the beginning of the process. b. Beginning work in process had 80,000 units, 30 percent complete with respect to conversion costs. c. Ending work in process had 17,000 units, 25 percent complete with respect to conversion costs. d. Started in process, 95,000 units. Required: 1. Prepare a physical flow schedule. 2. Compute equivalent units using the weighted average method. 3. Compute equivalent units using the FIFO method.
The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 1,900 units in work in process that were 60% complete at the beginning of the period. During the period, 15,800 units were completed and transferred to the Packing Department. There were 1,200 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production.
Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was 40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Costs in beginning work in process for the Polishing Department were direct materials, 5,000; conversion costs, 6,000; and transferred in, 8,000. Costs added during the month: direct materials, 32,000; conversion costs, 50,000; and transferred in, 40,000. Required: 1. Assuming the use of the weighted average method, prepare a schedule of equivalent units. 2. Compute the unit cost for the month.
The Cutting Department has 4,500units in process at the end of September that are 100% complete for direct materials and 85% complete for conversion costs. Calculate the equivalent units of production for direct materials and conversion costs. Determine the formula, then enter the amounts to calculate the equivalent units of production for direct materials and conversion costs. (Enter percentages as whole numbers.) × = Number of equivalent units Direct materials × % = Conversion costs × % =
Draper Corporation computed the physical flow of units for Department D for the month of December as follows: Units completed From work in process on December 1 20,000 From December production 80,000 Total 100,000 Materials are added at the beginning of the process. Units of WIP at December 31 were 16,000. As to conversion costs, WIP at December 1 was 70 percent complete and WIP at December 31 was 50 percent complete. Using the FIFO method, what are the equivalent units of production for materials and conversion costs for the month of December, respectively?
give answer
How much is the cost per equivalent unit for the month using Average costing? *
How much is the cost of WIP, end using FIFO * Dmahirap company adds all materials at the beginning of the process in the first department. Conversion costs were 75% complete as to 8,000 units in WIP.beg and 50% complete as to 6,000 units in WIP,end. During the month, 12,000 units were completetd and transferred to the next department. Analysis of the costs relating to production for October follows: Materials Conversion Cost WIP,beg Costs added this month 15,600 P9,600 P4,800 14,400
Kevin, Inc. has the following production data for June: Equivalent Units Transactions Transactions Transferred out Ending work in process Units 50,000 5,000 The units in work in process are 100% complete for materials and 60% complete for conversion costs. Materials costs are $3 per unit and conversion costs are $6 per unit. Determine the costs to be assigned to the units transferred out and the units in ending work in process. (Hint: First, calculate equivalent units for materials between transferred out and ending work in process. Then, calculate equivalent units for conversion costs between transferred out and ending work in process.) . When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Responses Cost Assigned to Units Transferred Out Cost Assigned to the Units in Ending Work in Process $ LA $

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