Bethesda Company's April 1, 2019 beginning work in process was 650 units. During April, an additional 2,300 units were put into production. At the end of April, all units were completed except for 925 units. Use this information to determine the number of units completed.
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Accounting Bethesda company's April 1 2019 beginning work in process was 650 units. During April.
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- what is tha final answer and computation for this?From the following information relating to the month of January, 2019, calculate the equivalent production units and the value of finished production and work-in- progress using LIFO method. Opening work-in-progress on lst January 15,000 units; 50% complete. Units introduced in the process : 30,000 units Cost Cost Materials Labour Overheads 18,000 24,000 24,000 Materials Labour Overheads 90,000 1,57,500 2,10,000 66,000 4,57,500 During the period 22,500 units were completed and transferred to the next process. Closing work-in-progress on 31st January : 22,500 units ; 50% complete.A Ltd had at the beginning of 2019 a work in progress of 5,000 units. During 2019, 65,000 additional units were started into production. Ending work in progress on 31st December, 2019, was 12,000 units. The beginning work in progress was 100% complete as to direct materials and 50% complete as to conversion costs. The ending work in progress was 100% complete as to direct materials and 80% complete as to conversion costs. Total direct materials put into work in progress cost £77,500. Total conversion costs put into process costs were £105,375. Beginning work in progress cost £33,500, of which £20,250 was for materials and £13,250 for conversion. All materials are added at the start of the production process, and conversion costs are incurred uniformly throughout manufacturing. A Ltd uses a weighted-average process cost system. What is the total cost assigned to A Ltd’s ending work in progress inventory at the end of 2019? 1. £33,100 2. £33,619 3. £37,357 4. £31,875
- 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…Whilewells Ltd had at the beginning of 2019 a work in progress of 5,000 units. During 2019, 65,000 additional units were started into production. Ending work in progress on 31st December, 2019, was 12,000 units. The beginning work in progress was 100% complete as to direct materials and 50% complete as to conversion costs. The ending work in progress was 100% complete as to direct materials and 80% complete as to conversion costs. Total direct materials put into work in progress cost £77,500. Total conversion costs put into process costs were £105,375. Beginning work in progress cost £33,500, of which £20,250 was for materials and £13,250 for conversion. All materials are added at the start of the production process, and conversion costs are incurred uniformly throughout manufacturing. Whilewells Ltd uses a weighted-average process cost system. What is the total cost assigned to Whilewells Ltd’s ending work in progress inventory at the end of 2019? a. £33,619 b. £33,100…For the month ended February 29, 2019, the following data were registered by Lumabat Corp.: Work in Process, beginning - P600,000, Orders completed - P4,800,000, Orders Shipped - P4,000,000, Materials requisitioned for production - P3,400,000, Direct Labor cost - P1,600,000, Factory overhead - 150% of Direct Labor cost. The work in process inventory at the end of the month was
- The following are information provided for Norman Company for the month of August 2019 (refer to the attached picture): Raw materials purchased during the period costs P40,800; overhead incurred and paid or accrued for the period was P21,750; and 23,600 direct labor hours were incurred at a rate of P13.75 per hour. inventories beginning ending raw materials 9900 7600 work in process 44500 31800 finished goods 36580 61300 1. conversion cost 3. total manufacturing cost 4. cost of goods put into process 5. cost of goods manufactured 6. cost of goods soldCaring Company has the following cost and production date for the month of January 2022:All materials are added at the start of the process and lost units are detected at the inspection point of 75% completion.Under the weighted average method, how much is the cost of the Completed and Transferred (round off to 2 decimal places)? A. 748,840.42 B. 752,853.20 C. 758,008.72 D. 762,216.34The Morning Star Company had 25,000 units in process on December 31, 2019 which was 80% complete as to materials but only 40% complete as to conversion costs. The company's records show 45,000 units were transferred to the Finished Goods Inventory during January 2020. On January 31, 2017, 17,000 units were on hand which were 30% complete as to conversion costs and 60% complete as to materials. What are the equivalent units of production for the conversion costs in January, assuming Morning Star uses first-in, first-out (FIFO)?
- 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…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 Welding Department of Concord Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,100 units, 1/10 complete Materials $18,100 Units transferred out 55,400 Conversion costs 14,960 $33,060 Units started 51,300 Materials 237,540 Ending work in process 11,000 units, 1/5 complete Labor 67,900 Overhead 89,940 Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.)