Blossom Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at thebeginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the BladderDepartment for July 2025 are as follows.Production Data-BasketballsUnitsPercentCompleteWork in process units, July 157060 %Units started into production1,260Work in process units, July 3160040 %Cost Data-BasketballsWork in process, July 1Materials$780Conversion costs560$1,340Costs added during JulyDirect materials2,880Direct labor1,240Manufacturing overhead1,140

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Excel Applications for Accounting Principles

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Blossom Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2025 are as follows. Production Data-Basketballs. Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Costs added during July Direct materials Direct labor Manufacturing overhead (a1) $700 Equivalent Units 550 Units Materials 400 1,000 500 $1,250 1,960 1,200 1,000 Percent Complete 60 % Calculate the equivalent units of production for materials and conversion costs. 40 % Conversion Costs
Can you please help me understand how to calculate equivalent units of production for materials and conversion costs?
Sandhill Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2022 are as follows. Percent Complete Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead (a1) $750 600 Equivalent Units Units 520 Materials 1,130 500 $1,350 2.550 2,430 1,020 Calculate the following using the weighted-average machod. 60 % 40 % Calculate the equivalent units of production for materials and conversion costs. Conversion Costs
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Ivanhoe Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2022 are as follows. Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $790 640 Inventory turnover Units 470 1,140 500 $1,430 2,108 1,930 1,360 Percent Complete 60 % 40 % Compute the inventory turnover for 2025. (Round answer to 1 decimal place, e.g. 5.1.) times
Coronado Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Production Data—Basketballs Units PercentComplete Work in process units, July 1 560 60 % Units started into production 1,430 Work in process units, July 31 500 40 % Cost Data—Basketballs Work in process, July 1 Materials $700 Conversion costs 550 $1,250 Direct materials 2,882 Direct labor 1,072 Manufacturing overhead 1,420 Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units Calculate the unit costs of…
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. In Ramirez Company, materials are entered at the beginning of each 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 2020 are as follows. Beginning Work in Process Month Beginning Work in Process Units Transferred Out Units % Complete as to Conversion Cost September 0 2,000 7,000 60 December 0 3,000 12,000 30 Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.
The sanding department of Blossom Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 10,200 units completed and transferred out; 4,280 units in ending work in process are 100% complete in terms of materials and 25% complete in terms of conversion costs. Manufacturing costs: materials $47,784; labour $40,100; overhead $34,282. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 15.25.)
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In Wildhorse 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 Ending Work in Process Work in Process Conversion Units Completed and Conversion Month Units Cost% Transferred Out Units Cost% January 14,300 2,600 60 March 15,600 3,900 30 May 18,200 9,100 80 July 13,000 1,700 40
The Bottling department of Soft Drink Company has the following production and manufacturing cost data for June 2022. All materials are added at the beginning of the process. Manufacturing Costs Beginning work in process Materials Conversion Costs Total Cost of beginning work in process Cost Incurred During Production in June Materials Labor Overhead Total cost incurred during production in June Production Data Beginning work in process Units started Units transferred out Ending work in process 17,500 units 48,500 53,000 9,500 1/5 complete $22,000 16,250 $38,250 202,000 71,125 59875 $333,000 Prepare a production cost report for The Bottling department for the month of June?

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