Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 46,000 32,000 Equivalent units of production Percent Completed Conversion 55% 54% Materials The department started 393,000 units into production during the month and transferred 407,000 completed units to the next department. Materials 95% 66% Required: Compute the equivalent units of production for October. Conversion

Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 46,000 32,000 Equivalent units of production Percent Completed Conversion 55% 54% Materials The department started 393,000 units into production during the month and transferred 407,000 completed units to the next department. Materials 95% 66% Required: Compute the equivalent units of production for October. Conversion

Name: Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average M
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Description: Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2]Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for onedepartment for October:Work in process, Octobe

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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Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units 52,000 32,000 Equivalent units of production Percent Completed Conversion 60% 50% Work in process, October 1 Work in process, October 31 The department started 395,000 units into production during the month and transferred 415,000 completed units to the next department. Materials 90% 73% Required: Compute the equivalent units of production for October. Materials Conversion
ok t t nces Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 51,000 27,000 Equivalent units of production JUN 28 Percent Completed Conversion Materials The department started 390,000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials 95% 66% Conversion ave & Exit A Check m
Question: Bingham Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below. Work in process, beginning: Units in beginning work-in-process inventory 400 Materials costs $6,900 Conversion costs $2,500 Percentage complete for materials 80% Percentage complete for conversion 15% Units started into production during the month 6,000 Units transferred to the next department during the month 5,000 Materials costs added during the month $112,500 Conversion costs added during the month $210,300 Ending work in process: Units in ending work-in-process inventory 1,200 Percentage complete for materials 60% Percentage complete for conversion 30% Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department.
< Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Percent Completed Units Materials Work in process, October 1 Work in process, October 31 54,000 35,000 95% 71% Conversion 65% 45% The department started 392,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion
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Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Units 76,000 Materials $ 68,400 Labor $ 30,200 Overhead $ 41,900 Work in process inventory, beginning Units started in process 719,000 Units transferred out 740,000 Work in process inventory, ending 55,000 Cost added during the month $ 984,725 $ 372,370 $ 517,225 The beginning work in process Inventory was 90% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 70% complete with respect to materials and 10% complete with respect to labor and overhead. Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month. 2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to…
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Sur Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows: Materials Conversion Work in process, beginning.. OR 4,000 OR 3,000 Current costs added. 20,000 16,000 Total costs... Equivalent units.. Costs per equivalent unit. oods completed... 90,000 units Work in process, ending.. 10,000 units Material costs are added at the beginning of the process. The ending work in process is 50% complete with respect to conversion costs.. The total Cost Per Equivalent Unit will be:
Mercier Manufacturing produces a plastic part in three sequential departments: Extruding, Fabricating, and Packaging. Mercier uses the weighted-average process costing method to account for costs of production in all three departments. The following information was obtained for the Fabricating Department for the month of September. Work in process on September 1 had 15,000 units made up of the following: Amount Degree of Completion Prior department costs transferred in from the Extruding Department $ 80,250 100% Costs added by the Fabricating Department Direct materials $ 40,500 90% Direct labor 10,200 70% Manufacturing overhead 9,420 35% $ 60,120 Work in process, September 1 $ 140,370 During September, 75,000 units were transferred in from the Extruding Department at a cost of $446,250. The Fabricating Department added the following costs: Direct materials $ 214,200 Direct labor 64,800 Manufacturing overhead 34,380 Total costs added $ 313,380…
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