a. Hillger Paints production cycle starts in Department A. The following information is available for April: Units 125,000 405,000 67,000 Work in process, April 1 (30% complete) Started in April Work in process, April 30 (70% complete) Materials are added at the beginning of the process in Department A. Using the weighted-average method, what are the equivalent units of production for the month of April? Multiple Choice Materials 347,000; Conversion 372,500 Materials 347,000: Conversion 395,100 Materials 458,000; Conversion 420,500 Materials 530,000; Conversion 509,900 None of the options are correct

a. Hillger Paints production cycle starts in Department A. The following information is available for April: Units 125,000 405,000 67,000 Work in process, April 1 (30% complete) Started in April Work in process, April 30 (70% complete) Materials are added at the beginning of the process in Department A. Using the weighted-average method, what are the equivalent units of production for the month of April? Multiple Choice Materials 347,000; Conversion 372,500 Materials 347,000: Conversion 395,100 Materials 458,000; Conversion 420,500 Materials 530,000; Conversion 509,900 None of the options are correct

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Description: Required:a. Hillger Paints production cycle starts in Department A. The following information is available for April:Work in process, April 1 (30% complete)Units125,000405,00067,000Started in AprilWork in process, April 30 (70% complete)Materials ar

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Direct Materials Conversion Costs Units completed 25,000 25,000 Units, ending work in process × Percentage complete: 7,000 × 100% 7,000 — 7,000 × 50% — 3,500 Equivalent units of output 32,000 28,500 Costs assigned to beginning work in process: direct materials, $80,000; conversion costs, $15,125. Manufacturing costs incurred during April: direct materials, $80,000; conversion costs, $220,000. Holmes uses the weighted average method. Required: 1. Compute the unit cost for April. If required, round your answer to the nearest cent. $fill in the blank 1 per equivalent unit 2. Determine the cost of ending…
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Equivalent units of materials cost The Rolling Department of Fortress Steel Company had 200 tons in beginning work in process inventory (60% complete) on July 1. During July, 3,900 tons were completed. The ending work in process inventory on July 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?
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