BusinessEb My QuestiReferenceChapt Xenccinstructure.com/courses/3788/assignments/35967?module ite 0In the month of June, a department had 19000 units in beginning work inprocess that were 65% complete. During June, 89000 units were startedinto production. At the end of June there were 9000 units in ending work inprocess that were 35% complete. Materials are added at the beginning ofthe process, while conversion costs are incurred uniformly throughout theprocess. How many units were transferred out of the department in June?O 89000 units.O 99000 units.O 108000 units.O 80000 units.

Correct answer is – 99,000 units Formula for computation of units completed and transferred as…

Answered: BusinessE b My Questi Reference Chapt X…

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…
! 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…
eBook Show Me HowPrint Item Question Content Area Costs per Equivalent Unit The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Balance Credit August 1 Bal., 36,000 units, 3⁄4 completed 207,360 31 Direct materials, 200,000 units 450,000 657,360 31 Direct labor 207,900 865,260 31 Factory overhead 680,400 1,545,660 31 Goods finished, 196,000 units 1,361,660 184,000 31 Bal., ? units, 1⁄2 completed 184,000 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. Line Item Description Amount 1. Direct materials cost per equivalent unit $fill in the blank 1 2. Conversion cost per equivalent unit $fill in the blank 2 3. Cost of the beginning work in process completed during…
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Good afternoon Please answer part d Elmo has the following information for the month of October, its first month of operationsCosts added in OctoberRequireda) Determine the equivalent units of production for October.b) Determine the cost of the ending work-in-process. c) Determine the cost of goods completedd) What is meant by the term equivalent full units?
bMy Questions | bartleb https//camoenccinstructure.com/courses/3788/assignments/35966?module_iten id-88692 o Busimess and inandat The Kirkland Department of Delta Company began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units transferred out are 10,000 units. Ending work in process contains 8,000 units that are 100 % complete as to materials and 60% complete as to conversion costs. Compute the equivalent units of production for materials and conversion costs for the month of December. Equivalent Units QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for Work in process, December 1 Started into production Total units Units accounted for Transferred out Work in process, December 31 3 Total units eTextbook and Media
Using The FIFO Method of Process Costing, prepare journal entries
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I need help with the beginning work in process inventory, direct materials and ending work in process inventory : The following are the actual numbers for January: Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800
Problem The Molding Department is the second department in Paxton Company production process. The data below summarize the operations in January. Cost for January Work in process, January 1 Added during the month Beginning work in process inventory Started in January Completed and transferred to the next department during January Ending work in process inventory All materials are added at the start of the process. Materials (Php) Conversion Costs (Php) 35,000 54,000 165,000 315,000 Units Percentage Complete 5,000 55,000 48,000 12,000 Prepare Cost of Production Report using Weighted Average and FIFO Method. 80% 20%

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