Calculate the Packaging Department’s equivalent units for transferred-in, direct materials and conversion costs (respectively) using the FIFO method of process costing
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Chem Corp. manufactures bottles of hand sanitizer. The liquid sanitizer is manufactured in the Manufacturing Department. When manufacturing is complete, the liquid sanitizer is then transferred to the Packaging Department where the liquid is bottled, labeled, and packed into cases for shipping. In the Packaging Department, direct materials are added when the process is 60% complete; conversion costs are added evenly throughout.
For the current period the Manufacturing Department transferred 200,000 liquid units to the Packaging Department. Beginning work in process in the Packaging Department included 50,000 units that were 40% complete as to conversion. Ending inventory totaled 20,000 units that were 20% complete as to conversion in the Packaging Department.
- Calculate the Packaging Department’s equivalent units for transferred-in, direct materials and conversion costs (respectively) using the FIFO method of
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- Woolens Corp. manufactures bolts of wool cloth. The wool cloth is cut and manufactured in the Manufacturing Department. When manufacturing is complete, the bolts of cloth are then transferred to the Inspection Department. In the Inspection Department the bolts of wool cloth pass through various quality control tests. Direct materials for inspecting the wool cloth are added when the inspection process is 90% complete; conversion costs are added evenly throughout. For the current period the Manufacturing Department transferred 25,000 units to the Inspection Department. Beginning work in process in the Inspection Department included 4,000 units that were 70% complete as to conversion. Ending inventory totaled 9,000 units that were 20% complete as to conversion. a. Calculate the Inspection Department's equivalent units for transferred-in, direct materials and conversion costs (respectively) using the FIFO method of process costing.The Converting Department of Comfy Touch Towel and Tissue Company had 1,040 units in work in process at the beginning of the period, which were 60% complete. During the period, 21,600 units were completed and transferred to the Packing Department. There were 1,160 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount box does not require an entry, leave it blank. Comfy Touch Towel and Tissue Company Number of Equivalent Units of Production Direct Units Materials Conversion Whole Equivalent Units Equivalent Units Inventory in process, beginning 00000 Started and completed Transferred to Packing Department Inventory in process, ending TotalThe Bottling Department of Mountain Springs Water Company had 4,400 liters in beginning work in process inventory (25% complete). During the period, 55,400 liters were completed. The ending work in process inventory was 3,000 liters (65% complete). All inventories are costed by the first-in, first-out method. What are the equivalent units for conversion costs under the FIFO method? what are the equivalent units for conversion costs
- The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,300 liters in beginning work in process inventory (30% complete). During the period 61,990 liters were completed. The ending work in process was 6,450 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process?fill in the blank 1 equivalent unitsThe Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,300 liters in beginning work in process inventory (30% complete). During the period 61,990 liters were completed. The ending work in process was 6,450 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the…Pure Spring Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process. Costs in beginning Work-in-Process Inventory include transferred in costs of $1,700, direct labor of $600, and manufacturing overhead of $900. March data for the Bottling Department follow: View the data. Read the requirements. Requirement 1. Prepare a production cost report for the Bottling Department for the month of March. The company uses the weighted-average method. (Complete all input fields. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) UNITS Units to account for: Total units to account for Units accounted for: Total units accounted for Pure Spring Company Production Cost Report - Bottling…The Converting Department of Comfy Touch Towel and Tissue Company had 2,600 units in work in process at the beginning of the period, which were 35% complete. During the period, 23,800 units were completed and transferred to the Packing Department. There were 7,400 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount box does not require an entry, leave it blank. Comfy Touch Towel and Tissue Company Number of Equivalent Units of Production Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Whole Units Direct Materials Equivalent Units Conversion Equivalent Units
- The Converting Department of Toren Company had 560 units in work in process at the beginning of the period, which were 75% complete. During the period, 11,600 units were completed and transferred to the Packing Department. There were 640 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Toren Company Number of Equivalent Units of Production Line Item Description Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Feedback Whole Units 560 11,040 11,600 ✓ 640 ✓ 12,240 ✓ Direct Materials Conversion Equivalent Units Equivalent Units 0✔ 140 ✓ 11,040 ✔ 11,180 ✔ 11,040 11,040 ✔ 640 ✔ 11,680 ✔ Check My Work When are the materials added to the units? How much more needs to be done to the…The Converting Department of Soft Touch Towel and Tissue Company had 920 units in work in process at the beginning of the period, which were 60% complete. During the period, 19,200 units were completed and transferred to the Packing Department. There were 1,040 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Soft Touch Towel and Tissue Company Number of Equivalent Units of Production Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process, beginning fill in the blank 1 fill in the blank 2 fill in the blank 3 Started and completed fill in the blank 4 fill in the blank 5 fill in the blank 6 Transferred to Packing Department fill in the blank 7 fill in the blank 8 fill in the blank 9…Beverly Plastics produces a part used in precision machining. The part is produced in two departments: Mixing and Refining. The raw material is introduced into the process in the Mixing Department. The cost of the material fluctuates significantly month to month based on market conditions. Information on costs and operations in the Refining Department for September follow: WIP inventory-Refining Beginning inventory (17,500 units, 10% complete with respect to Refining costs) Transferred-in costs (from Mixing) Refining conversion costs Current work (55,300 units started) Mixing costs Refining costs The ending inventory has 22,900 units, which are 90 percent complete with respect to Refining Department costs. Required: a. Complete the production cost report using the FIFO method. Note: Round "Cost per equivalent unit" to 2 decimal places. Flow of units: Units to be accounted for. Beginning WIP inventory Units started this period Total units to account for Units accounted for: Completed…
- Delightful Winery produces bottled wines for the hospitality industry in a four-stage process –Pumping, Filtration, Filling and Capping. After leaving the Capping Department, the bottled wines arepackaged and sent to the Finished Goods warehouse for shipment to customers.The following data relates to the Filling Department for the month of June during which 4,000 bottledwines valued at $2,200,000 were transferred from the Filtration Department to the Filling Department.Other production costs incurred during the month are summarized as follows:Direct Materials AddedDirect Manufacturing WagesManufacturing Overhead $342,000$851,200$410,400 Process inspection occurs during the process and normally no losses are expected at this stage.However, during the month 10% of the bottled wines transferred into the Filling Department wererejected at inspection. Rejected units from this department are sold as scrap at $750 per bottle.These units had reached the following degree of completion:Transfer…Beverly Plastics produces a part used in precision machining. The part is produced in two departments: Mixing and Refining. The raw material is introduced into the process in the Mixing Department. The cost of the material fluctuates significantly month to month based on market conditions. Information on costs and operations in the Refining Department for September follow: WIP inventory-Refining Beginning inventory (17,500 units, 10% complete with respect to Refining costs) Transferred-in costs (from Mixing) Refining conversion costs Current work (55,300 units started) Mixing costs Refining costs $ 245,055 9,676 $ 906,625 103,140 The ending inventory has 14,800 units, which are 90 percent complete with respect to Refining Department costs. Required: Complete the production cost report using the weighted-average method. Note: Round "Cost per equivalent unit" to 2 decimal places. Flow of units: Units to be accounted for: Beginning WIP inventory Units started this period Total units to…The Mixing Department of Yummy FoodsYummy Foods had 60,000equivalent units of materials for October.Of the 60,000 units, 20,000 units were completed and transferred to the next department, and 40,000 units were 50% complete. Yummy Foods'sYummy Foods's costs per equivalent unit of production are $ 0.70 for direct materials and $0.45 for conversion costs. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the process and the company uses the weighted-average method. Calculate the cost of the 20,000 units completed and transferred out and the 40,000 units, 50% complete, in the ending Work-in-Process Inventory.
