7,000 units in a process that are 70% complete are referred to asa. 7,000 equivalent units of production.b. 2,100 equivalent units of production.c. 4,900 equivalent units of production.d. 2,100 inequivalent units of production

Understanding Equivalent Units of ProductionEquivalent units of production represent the amount of…

Answered: 7,000 units in a process that are 70%…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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If 28,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted−average method is used. A. 5,600 units B. 28,000 units C. 22,400 units D. 33,600 units
If 20,000 units are 75% complete with respect to direct materials, then the equivalent units of production for direct materials are: a. 5,000 units b. 20,000 units c. 25,000 units d. 15,000 units
1. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 2. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.3. Cost per Equivalent Unit for Direct Material is calculated by dividing $......... by 580,000 DM Equivalent Units.
1. What is the total Conversion Cost per Equivalent Unit? 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor. 4.
Equivalent units of production are equal to: 17 Multiple Cholce 00:52:10 The number of whole units that could have been started and completed given the costs incurred In the perlod. The number of units still in process at the end of a perlod. Physical units that were started and completed during a period. The number of units started into the process during a period. The number of finished units actually produced during a period.
Regarding your ansWhat would be the answers for: 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.
Given the following information, calculate the direct materials equivalent units for the period (assume all materials are added at the beginning of the process): % Complete as to Conversion costs Beginning work in process 15,000 units 25% Ending work in process 20,000 units 70% Units started during the period 53,000 units Units completed and transferred out 48,000 units Multiple choice question. A. 62,000 B. 50,000 C. 68,000 D. 42,000
Department S had 600 units 69% completed in process at the beginning of the period, 8,300 units completed during the period, and 800 units 43% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost. а. 8,230 b. 7,886 Ос. 7,700 od. 9,030
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.
Beginning work in process includes 400 units that are 20% complete with respectto conversion and 30% complete with respect to materials. Ending work in process includes 200 units that are 40% complete with respect to conversion and 50%complete with respect to materials. If 2,000 units were started during the period,what are the equivalent units of production for the period according to the weightedaverage method?a. Conversion equivalent units 2,280 units; Material equivalent units 2,100 unitsb. Conversion equivalent units 1,980 units; Material equivalent units 2,080 unitsc. Conversion equivalent units 2,480 units; Material equivalent units 1,980 unitsd. Conversion equivalent units 2,280 units; Material equivalent units 2,300 units
quivalent Units of Production 0 The Converting Department of Worley Company had 560 units in work in process at the beginning of the period, which were 40% complete. During the period, 11,600 units were completed and transferred to the Packing Department. There were 640 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Worley Company Number of Equivalent Units of Production Feedback Whole Units 560 ✔ 224 X 11,600 ✓ 640 ✓ Direct Materials Conversion Equivalent Units Equivalent Units 360 X 0 224 X 256 X 256 X 224 X 256 X 256 X Air 2524 Check My Work When are the materials added to the units? How much more needs to be done to the…
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7,000 units in a process that are 70% complete are referred to as a. 7,000 equivalent units of production. b. 2,100 equivalent units of production. c. 4,900 equivalent units of production. d. 2,100 inequivalent units of production