A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 36,000 units in beginning Work in Process inventory which were 48% complete; the department completed and transferred 173,000 units. At the end of the period, 30,000 units were in the ending Work in Process inventory and are 83% complete. Compute the number of equivalent units produced by the department.

Q: conversion cost per unit

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A: Units started = 80,000 Ending units = 20,000 Units transferred = 60,000

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A: Work in process (WIP) is inventory that has been partially completed, but which requires additional…

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A: Equivalent units are those partial completed units that are used in process costing to calculate the…

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A: Equivalent units of production = No of physical units * % of completion

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A: Given information:   units completed 2,100 units Ending Goods in process 300 units Percentage…

Q: Equivalent Units of Materials   Equivalent Units of Conversion

A: Equivalent Units of Materials 71000  Equivalent Units of Conversion 59950

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A: FIFO is first in first out method of inventory that is used in process costing. Under this method,…

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A: Weighted average method is one of the method used in process cost accounting. Under this, equivalent…

Q: The following production data were taken from the records of the Finishing Department for June:…

A: Equivalent Units: We know that incomplete units cannot bear the same cost as complete units can…

Q: Using the weighted-average method, compute the equivalent units of production if the beginning…

A: Closing WIP = beginning inventory + units started - units completed and transferred  = 25000 units +…

Q: Using the following terms, prepare the worksheet to show the calculation to answer the question:…

A: The equivalent units are calculated on the basis of the percentage of the work completed during the…

Q: A company started a new product, and in the first month started 124,575 units. The ending work in…

A: Under Weighted average method, the beginning WIP is considered equally as transferred in units.

Q: Costs in beginning work in process inventory was $4,500 and $37,800 in costs were added during the…

A: Weighted average method: Under this method the opening balance of units is not recognised separately…

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A: Given, Units in ending inventory = 1,953 units Unit material cost = $4 Unit conversion = $7

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A: Inventory refers to the stock that is held by the company for resale purposes or is supposed to be…

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A: Formula: Conversion cost per unit = Total conversion cost / conversion units Division of total…

Q: The following production data were taken from the records of the Finishing Department for June:…

A: Solution...     Units in ending inventory = 4,300  % of completion of ending inventory with respect…

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A: The cost of equivalent unit is determined by preparing the cost of equivalent unit production…

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A: The concept of equivalent units arises when there is a number of incomplete units. The incomplete…

Q: Using the weighted-average method, compute the equivalent units of production for a new company that…

A: Equivalent units of products concept came in to existence when some units are not fully completed at…

Q: Uramilaben

A: The objective of the question is to calculate the weighted average equivalent units of production…

Q: e weighted-average method, compute the equivalent units of production for a new company that started…

A: Solution: Equivalent units refers to the portion of work done for a particular physical unit. these…

Q: The Lakeside Company uses a weighted-average process costing system. The following data are…

A: Given, Units finished during the period = 17,900 Ending work in process = 5,900

Q: The Lakeside Company uses a weighted-average process costing system. The following data are…

A: Standardized production processes use a process costing methodology. Every time a process cost sheet…

Q: Pacific Ink had beginning work-in-process inventory of $821,960 on October 1. Of this amount,…

A: Equivalent units of products concept came in to existence when some units are not fully completed at…

Q: In the beginning inventory, 5,000 units were 40% complete with regard to materials. During this…

A: Step 1:Beginning inventory means the inventory which was unsold at the end of accounting year now at…

Q: Using the following terms, prepare the worksheet to show the calculation to answer the question:…

A: Equivalent units of production are the total number of units which are equivalent to completed or…