Department G had 2,040 units 25% completed at the beginning of the period, 13,100units were completed during the period, 1,700 units were 20% completed at the end ofthe period, and the following manufacturing costs were debited to the departmentalwork in process account during the period:Work in process, beginning of periodCosts added during period:Direct materials (12,760 units at $8)Direct laborFactory overheadAll direct materials are placed in process at the beginning of production and the first-in,first-out method of inventory costing is used. The total cost of the departmental workin process inventory at the end of the period (round unit cost calculations to fourdecimal places and round your final answer to the nearest dollar)?a. $16,397b. $13,600c. $21,316O d. $15,698$28,100102,08079,80026,600

Name: Department G had 2,040 units 25% completed at the beginning of the pe
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Description: Department G had 2,040 units 25% completed at the beginning of the period, 13,100units were completed during the period, 1,700 units were 20% completed at the end ofthe period, and the following manufacturing costs were debited to the departmentalwo

In this question, we have to calculate the departmental work in process inventory at the end of the…

Business

Accounting

All direct materials are placed in process at the beginning of production and the fi first-out method of inventory costing is used. The total cost of the departmental in process inventory at the end of the period (round unit cost calculations to f decimal places and round your final answer to the nearest dollar)?

All direct materials are placed in process at the beginning of production and the fi first-out method of inventory costing is used. The total cost of the departmental in process inventory at the end of the period (round unit cost calculations to f decimal places and round your final answer to the nearest dollar)?

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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Process costing divides units into three groups Units from ___________ that are completed during the period. -Transferred in -Work in process -Ending inventory -Beginning Inventory Units that are _______ during the period. -not started -Started and completed -Incomplete Units that are ________ at the end of the period. -Incomplete -Not started -started and complete
Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of the departmental work in process inventory at the end of the period (round unit cost calculations to four decimal places)? P16,163 P28,935 P35,670 P21,432
Weat Subject: accounting
Complete the information in the cost computations shown here: Raw materials Beginning inventory Purchases Materials available for use Ending inventory Materials used in production Work in process inventory Beginning inventory Materials used in production Direct labor Overhead applied Manufacturing costs incurred Ending inventory Cost of goods manufactured Finished goods inventory Beginning inventory Cost of goods manufactured Goods available for sale Ending inventory Cost of goods sold $341 1,533 323 $931 1,536 $22,450 936 $25,008 $21,792
1. The number of units in work in process inventory at the end of the period. 2. Equivalent units of production for direct materials and conversion 3. Costs per equivalent unit for direct materials and conversion. 4. Cost of the units started and completed during the period.
Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in the following step. (Complete all input fields. Enter a "0" for any zero balances. Round the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.)
Question: In the finishing department, what is the cost assigned to December 31, 2020, work-in-process inventory? a.6,668,130 b. 6,276,330 c. 6,401,800 d. 9,235,100
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added at the beginning of the process. Quarter BeginningWIP Started TransferredOut Conversion(%) 1 — 134,150 133,250 25 2 524 132,594 132,493 24 3 339 133,246 133,445 20 4 489 134,845 134,434 23 What are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units for material costs fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 Units for conversion costs fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8
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Wildhorse Corp. manufactures kitchen appliances and gadgets, like coffee makers and can openers. Recently, the company ramped up production of its iced coffee brewer, anticipating increasing demand in the market. For the month of April, Wildhorse reported the following activity and cost information for its only production process dedicated to these coffee brewers. Units in beginning WIP Inventory Beginning WIP Inventory degree of completion Costs in beginning WIP Inventory New units started Costs added to WIP Inventory this period Units completed Units in ending WIP Inventory Ending WIP Inventory degree of completion Units 800 13,500 13,400 900 Plastic 100% $3,079 Mesh 100% 100% $306 $68,850 $6,930 0% Conversion Costs 70% $2,329 $86,526 30%
Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Blending Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in the following step. (Complete all input fields. Enter a "0" for any zero balances. Round the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.) COSTS Costs to account for: Step-by-Step Painting Production Cost Report - Blending Department (Partial) Month Ended May 31 Total costs to account for Cost per equivalent unit Direct Materials Conversion Costs Total Costs