Alpha Company's April 1, 2017, beginning work in process was 700 units. During April Alpha put into production an additional 1,400 units were put into production. At the end of April, all units were completed except for 500 units. Use this information to determine the number of units completed.
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- Bethesda Company's April 1, 2019, beginning work in process was 900 units. During April an additional 2,800 units were put into production. At the end of April, all units were completed except for 625 units. Use this information to determine the number of units completed.Determine the number of units completedDetermine the number of units
- Bethesda Company's April 1, 2019, beginning work in process was 900 units. During April an additional 2,800 units were put into production. At the end of April, all units were completed except for 625 units. Use this information to determine the number of units completed. (General Account)Subject: Cost Account - Alpha Company's April 1, 2017, beginning work in process was 700 units. During April Alpha put into production an additional 1,400 units were put into production. At the end of April, all units were completed except for 500 units. Use this information to determine the number of units completed.Answer this Question
- The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation.Production: 9,940 units started which is comprised of 6,940 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs.Manufacturing costs: Materials $38,965; labor $20,500; overhead $43,288.Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.) QUIK FURNITURE COMPANYSanding DepartmentProduction Cost ReportFor the Month Ended March 31, 2017 Equivalent Units Quantities PhysicalUnits Materials ConversionCosts Units to be accounted for Work in process, March 1 enter the number of units Started into production enter the number of units Total units enter a total of the two previous numbers of units…The Scranton Processing Company had work in process at the beginning and end of March 2020 in its Painting Department as follows: (Click the icon to view the work-in-process information.) The company completed 22,000 units during March. Manufacturing costs incurred during March were direct materials costs of $400,000 and conversion costs of $500,000. Inventory at March 1 was carried at a cost of $20,000 (direct materials, $5,000 and conversion costs, $15,000). Assuming Scranton uses FIFO costing, determine the equivalent units of work done in March, and calculate the cost of units completed and the cost of units in ending inventory. Begin by entering the physical units in first, then calculate the equivalent units. Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current…The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation.Production: 7,100 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs.Manufacturing costs: Materials $40,400; labor $20,600; overhead $39,460.Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)
- The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation.Production: 6,600 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs.Manufacturing costs: Materials $31,680; labor $20,700; overhead $35,460.Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) QUIK FURNITURE COMPANYSanding DepartmentProduction Cost ReportFor the Month Ended March 31, 2020 Equivalent Units Quantities PhysicalUnits Materials ConversionCosts Units to be accounted for Work in process, March 1 enter a number of units Started into production enter a number of units Total units enter a total number of units Units…In Sandhill Company, materials are entered at the beginning of each process, and conversion costs are incurred uniformly throughout the process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2022 are as follows. Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Units Completed and Conversion Transferred Out Units Cost% January 0 13,200 2,400 60 March 0 14,400 3,600 30 May 0 16,800 8,400 80 July 0 12,000 1,600 40 (a) For January and May, compute the physical units to be accounted for and the physical units accounted for. January May Units to be accounted for Beginning work in process Started into production Total units Units accounted for Transferred out Ending work in process Total unitsACC Inc is working on calculating cost information for September. The beginning and ending inventories for the month of September are: 1-Sep 9/31/2023 Direct Materials $82,000 $77,000 Work in Process $121,000 $135,000 Finished Goods $58,000 $45,000 Production data for the month of September follows: Direct labor $175,500 Manufacturing overhead $185,500 Direct materials purchased $153,000 Using the above information answer the following questions: 1. What was the amount of direct materials added to production during the month? 2. What was the total amount of manufacturing cost added to production during the month? 3. What was the amount of cost of goods manufactured? 4. What was the amount of cost of goods sold?
