calculate for the equivalent units of production for materials and conversion costs for both following bicycles and tricyles. Please be noted that "the materials for the ending work of process in march are only added 80% both bicycles and tricycles" 1 2Adobe AcrobatJakarta Bike manufactures bicycles and tricycles. For both products, materials are usually added at thebeginning of the production process, and conversion costs are incurred uniformly. However, the materialsfor the ending work in process in March are only added 80%. both bicycles and tricycles. Jakarta Bikeuses the FIFO method to compute equivalent units. Production and cost data for the AssemblyDepartment for March are as follows.PercentageComplete as toConversion CostsProduction Data-BicyclesUnitsWork in process units, March 120080%Units started into production1,000Work in process units, March 3130040%Cost Data-BicyclesWork in process, March ICosts added during MarchDirect materials$19,28050,000Direct labor25,900Manufacturing overhead30.000PercentageComplete as toConversion CostsProduction Data-TricyclesUnitsWork in process units, Marchl10075%Units started into production1.000Work in process units, March 316025%Cost Data-Tricycles317ode in nenaae Marah LEB English (United States)1475%26°C A2:54 AM22-Sep-21 PercentageComplete as toConversion CostsProduction Data-BicyclesUnitsWork in process units, March1Units started into production20080%1,000Work in process units. March 3130040%Cost Data-BicyclesWork in process, March 1$19,280Costs added during MarchDirect materials50,00025,90030.000Direct laborManufacturing overheadPercentageComplete as toConversion CostsProduction Data-TricyclesUnitsWork in process units, March 110075%Units started into production1.000Work in process units, March 316025%Cost Data-TricyclesWork in process, March 1$ 6,125Costs added during MarchDirect materials30,000Direct labor14,30020,000Manufacturing overhead(United States)2:54

The total cost of producing a product, including raw materials and operating costs, is detailed in a…

calculate for the equivalent units of production for materials and conversion costs for both following bicycles and tricyles. Please be noted that "the materials for the ending work of process in march are only added 80% both bicycles and tricycles"

calculate for the equivalent units of production for materials and conversion costs for both following bicycles and tricyles. Please be noted that "the materials for the ending work of process in march are only added 80% both bicycles and tricycles"

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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•) Mccabe Corporation uses the weighted average Method in it's process Costing. The following data pertain to its Assembly Department for September. Work in process, September Units Started into production doring September Units Completed during September and transferred to the next department Work in process, September 30 Percentage Complete Units Material Conversion 800 55% 10.1. 8,200 7,300 1,700 25% 25.1. Compute the equivalent units of production for both materials and Conversion Cost for the Assembly Department for September Using the weighted average method.
Subject: acounting
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 (65% complete with respect to conversion) Started in August Completed Work in process, August 31 (71% complete with respect to conversion) 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. a. Using the weighted-average method b. Using the FIFO method Equivalent Units Materials 17,700 118,900 118,900 17,700 Conversion Costs
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