b My Questions bartleby+VReferencesCamden County CollegeChapter 3 Quizndenccinstructure.com/courses/3788/assignments/35967?module item id=88693Question 21--/1View PoliciesCurrent Attempt in ProgressA department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout theprocess. For the month of January, there were no units in the beginning work in process inventory; 89700 units were started intoproduction in January; and there were 19400 units that were 35% complete in the ending work in process inventory at the end ofJanuary. What were the equivalent units of production for conversion costs for the month of January?O 89700 equivalent units.O 82910 equivalent units.O 70300 equivalent units.O 77090 equivalent units.e Textbook and MediaAttempts: 0 of 1 usedSave for LaterSubmit AnswerNextNext< PrevSend to Gradebook12:05 PMशी10/4/2019hpf5f6f1o llf8fginsprt scf12deletehomeend+78numbackenceL5

Calculate transferred out units:

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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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2 Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,700 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Materials Units Conversion 2,000 11,700 9,000 4,700 Percent Complete for Direct Materials 65% Equivalent units of production: Weighted $ 1,407 1,241 25,053 25,959 90% Complete this question by entering your answers in the tabs below. Percent Complete for Conversion 35% $ 2,648 Required: Calculate the Assembly department's equivalent units of production for materials and for conversion for November. Use the weighted average method. 51,012 40% Calculate the Assembly department's…
Question Content Area Journalize the entries to record the following transactions: Mar. 10: 600 units of raw materials were purchased on account at $5.50 per unit. Mar. 15: 500 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. Mar. 25: 400 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. If an amount box does not require an entry, leave it blank.
! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Units Beginning work in process inventory 79,000 Percent Complete 80% Percent Complete 20% Units started this period 417,000 Completed and transferred out 395,000 Ending work in process inventory 101,000 85% 35% Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 250,325 19,758 1,336,480 970,047 $ 270,083 Total costs to account for 2,306,527 $2,576,610 a. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. b. Using the…
Question 4 Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place at the end of the production. Spoiled units generally constitute 8% of the good units. Data provided for March 2021 are as follows: Physical Direct Conversion Units Materials Costs 80% 50% Work in process, beginning (units) Started during current period Good units completed and transferred out during current period: Normal spoilage as percentage of good units Work in process, ending (given) 53,000 190,000 200,000 8.0% 21,000 90% 30% Cost of Work in process, beginning Costs added in current period $290,000 $100,000 $412,880 $270,412 Degree of completion of normal spoilage Degree of completion of abnormal spoilage 100% 100% 100% 100% Required Using the FIFO method of process…
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1 Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Work in process inventory, November 1 Work in process inventory, November 30 Materials cost in work in process inventory, November 1 Conversion cost in work in process inventory, November 1 Units started into production Units transferred to the next process Materials cost added during November Conversion cost added during November Units Completion with Respect to Materials 114,000 50% Completion with Respect to Conversion 25% 92,000 45% 20% $ 57,000 $ 5,700 407,500 429,500 $366,810 $151,065 Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for November for the first process. Equivalent units of production Materials Conversion 2. Compute the costs per equivalent unit for November for the first process. (Round your answers to 2 decimal places.)…
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Required information [The following information applies to the questions displayed below.] Select the best answer for each of the following independent multiple-choice questions. Required: a. Hillger Paints production cycle starts in Department A. The following information is available for April: Work in process, April 1 (30% complete) Started in April Work in process, April 30 (70% complete) Units 125,000 405,000 67,000 & Exi 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?
Exercise 8-22 (Algo) Compute Equivalent Units (LO 8-1, 3, 5) Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available. Work in process, August 1 (56% complete with respect to conversion) Started in August Completed Work in process, August 31 (77% complete with respect to conversion) 17,400 121,600 121,600 17,400 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. Equivalent Units Conversion Costs Materials a Using the weighted-average method 139,000 O 134,998 O Using the FIF0 method 139,000 X 125,254
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