Answered: A D Beginning inventory 5,000 4,000…

A D Beginning inventory 5,000 4,000 45,000 Percent completion Units started 30% 75% 60% 24,000 20,000 49,000 35,000 10,000 Ending inventory Percent completion 4,000 9,000 20% 30% 20%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11MC: Beginning inventory and direct material cost added during the month total $55,000. What is the value...

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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

The following data are for four independent process-costing departments. Inputs are added continuously.

Required:
Compute the equivalent units of production for each of the preceding departments using the
weighted average method.

A
D
Beginning inventory
5,000
4,000
45,000
Percent completion
Units started
30%
75%
60%
24,000
20,000
49,000
35,000
10,000
Ending inventory
Percent completion
4,000
9,000
20%
30%
20%

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