Don't use Ai Answer in step by step with explanation A manufacturing company has a process where one-half of the materials are added at the beginning ofthe process 1. Conversion are added at a rate of20% in Process 1. If 600 units are started, the EUPwith respect to conversion is

Understanding the Problem:Units started: 600 unitsConversion: 20% added per periodSteps to Calculate…

Answered: A manufacturing company has a process…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11EA: Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The...

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The Bottling Department of Mountain Springs Water Company had 4,100 liters in beginning work in process that were 30% complete. During the period, 56,800 liters were completed. The ending work in process inventory had 2,800 liters that were 60% complete. Assume that Mountain Springs uses the FIFO cost flow method and that materials are added at the beginning of the process. What are the conversion equivalent units of production for the period?
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
At Trent Company, there are 800 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 800 units is $6000, what is the per unit conversion cost? (Round answer to 2 decimal places, e.g. 2.25.)
Morris Company uses the FIFO method in computing equivalent units. It has 4,000 units in beginning work in process, one-fourth completed with respect to conversion costs. Also, 18,000 units are started and completed and 6,000 units are in ending work in process, one-third completed with respect to conversion costs. Materials are added at the start of the process. If total materials cost is $84,000, the unit materials equivalent cost is: $4.67 $4.00 $3.65 $3.50 None of the above
The Molding Department of Bonita Company has the following production data: beginning work in process inventory 26000 units (70% complete as to conversion), started into production 473000 units, completed and transferred out 449000 units, and ending work in process inventory 50000 units (30% complete as to conversion). Assuming that conversion costs are incurred uniformly during the process, the equivalent units of production for conversion costs are 464000. 449000. 458000. 499000.
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) 15,200 units Units started 150,000 units 120,000 units 45,200 units Units completed and transferred out WIP ending (50% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added What is the total cost of units completed and transferred out? OA. $600,000 OB. $750,000 OC. $540 658 OD. $628,696 $52,500 $25,200 $443,100 $260,000
Given that the closing work-in-progress of a process is 400 units, which is 100% complete with regards to materials and 50% complete with regard to conversion costs, the equivalent units will be:a) b) c) d)Materials 200, conversion 200Materials 400, Conversion 200 Materials 400, conversion 100 Materials 600, conversion 200
Jackson Company has the following information for the current period for the Mixing Department: Costs of beginning work-in-process: Direct materials Conversion costs Costs added during the period: Direct materials Conversion costs Equivalent units of production for: Direct materials Conversion costs $15,000 26,000 100,000 150,000 12,600 units 9,100 units Using the weighted-average method, what is the cost per equivalent unit for conversion costs? A.$ 3.25 B.$ 9.13 C.$ 19.84 D.S 19.34
At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started 26,200 units 130,500 units. 113,700 units 43,000 units Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added What is the cost per equivalent unit for conversion costs? OA. $1.88 B. $2.32 OC. $1.92 OD. $2.11 $35,000 $26,500 $384,100 $268,125 (...
Hollins Company uses the FIFO method to compute equivalent units. It has 2,000 units in beginning work in process, 20% complete as to conversion costs, 25,000 units started and completed, and 3,000 units in ending work in process, 30% complete as to conversion costs. All units are 100% complete as to materials. Equivalent units for materials and conversion costs are, respectively
ect materials are added at the beginning of the process. This period began with 5,000 units in ginning inventory that are 25% complete. What are the equivalent units for beginning work in process der the FIFO method? a. Direct materials 5,000; Conversion costs 3,750 b. Direct materials 0; Conversion costs 3,750 c. Direct materials 5,000; Conversion costs 1,250 d. Direct materials 0; Conversion costs 1,250
In using FIFO method, Cruz Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Cruz Company presented the following costs on three processes: What is the equivalent units of production (EUP) on conversion in Department 3? 14,900 15,405 15,125 15,400

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A manufacturing company has a process where one -half of the materials are added at the beginning of the process 1. Conversion are added at a rate of 20% in Process 1. If 600 units are started, the EUP with respect to conversion is