Current Attempt in ProgressConcord, Inc. began March with 680 units in beginning Work in Process Inventory, 11460 units started into production, and 450 unitsin ending Work in Process Inventory that are 20% completed. How many physical units are to be accounted for?119101169012140O 11370

Beginning work in process inventory = 680 unitsStarted into production = 11,460 units

Answered: Concord, Inc. began March with 680…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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During the accounting period， 20,000 units were completed and transferred to finished goods. The Beginning goods in process were 4000, which were 60% complete as labor and overhead. 1000 units remain in process and are 80% completed. The number of units started during the accounting period was? (Answer = 2000)
The following Information about the work-in-process Inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (43,000 units): Percentage complete with respect to Costs Ending work in process (59,000 units): Percentage complete with respect to Costs Materials Conversion 100% 20% $ 92,100 $ 27,136 100% 60% ?? ?? The Remington Plant started 233,000 units and transferred out 217,000 in July. Materials costs incurred in July were $764,000 and conversion costs were $1,149,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the weighted-average method. Note: Round your answers to 2 decimal places. Cost per equivalent unit Direct Materials Conversion
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Department M had 2,000 units 60% completed in process at the beginning of June, 12,000 units completed during June, and 800 units 33% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories?
The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Materials Conversion Beginning work in process (26,000 units): Percentage complete with respect to 100 % 20% Costs $ 83,600 $ 18, 636 Ending work in process (42,000 units): Percentage complete with respect to 100 % 60% Costs ? ? ? ? The Remington Plant started 216,000 units and transferred out 200,000 in July. Materials costs incurred in July were $594,000 and conversion costs were $979,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method.
8. Ninety-five thousand units were started into production during the month. The production report shows 110,000 units to be accounted for. The number of units transferred were equal to 6 times the number of units in the beginning work in process inventory. The ending units in work in process were?
Acer Corporation. has the following information for June All material is added at the start of the process and all finished products are transferred out. Beginning Work in Process Inventory (70% complete as to conversion) 6,000 units started 24,000 Ending Work in Process Inventory (10% complete as to conversion) 8,500 Beginning Work in Process Inventory Cost: Material P23,400 conversion 50,607 Current Period Cost: Material P31,500 Conversion 76,956 1. How many units were transferred out in June? 2. Assume that weighted average process costing is used. What is the cost per equivalent unit for material? 3. Assume that FIFO process costing is used. What is the cost per equivalent unit for conversion?
In EASY company on November 1, 10,000 units of product that were 30% complete were in process. During the month, 104,000 units were placed into production and 106,000 units were transferred out to the next department. The ending work in process inventory is 70% complete. Compute for the equivalent units of production using FIFO. Compute for the equivalent units of production using Average.
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Concord, Inc. began March with 680 units in beginning Work in Process Inventory, 11460 units started into production, and 450 units in ending Work in Process Inventory that are 20% completed. How many physical units are to be accounted for? O 11910 O 11690 O 12140 O 11370