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
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- The initial processing department had a beginning inventory of 750 units and an ending inventory of 1,350 units, and it started 9,500 units into production. How many were transferred out to the next department? 750 1,350 8,900 10,250Current Attempt in Progress The Assembly Department of Wildhorse Company has the following production and cost data at the end of May, 2022, its first month of operations. Production: Manufacturing Costs: Prepare a production cost report for the month of May using weighted-average process costing. (Round unit costs to 2 decimal places, e.g. 52.72.) Quantities Units to be accounted for Work in Process Inventory, May 1 Started into production 30,000 units started into production; 25,000 units completed and transferred out and 5,000 units 100% completed as to materials and 40% complete as to conversion costs. Materials added at beginning of process, $93,000; labor, $75,000; overhead $62,700. Total units Units accounted for Completed and transferred out Work in Process Inventory, May 31 WILDHORSE COMPANY Assembly Department-Production Cost Report For the Month Ended May 31, 2022 Equivalent Units Physical Units Materials Conversion CostsCarla Vista Manufacturing Company has the following production data for selected months. Month January March July Beginning Work in Process Inventory -0- Physical units -0- -0- Units Completed and Transferred Out 29,800 January 37,050 Calculate the physical units for each month. 37,000 Ending Work in Process Units 12,000 8,700 16,550 March % Complete in Terms of Conversion Costs 40% 72% 39% July
- 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. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 84,000 442,000 420,000 106, 000 Direct Materials Percent Complete 80% 80% Conversion Percent Complete 20% 30%You are provided the following production information for the month of October 2020 O/B WIP Units Started C/B WIP Number of Units 2,697 29,845 1,176 Percentage Completed 30% 70% The materials in the production process are added at the following stages Material A 0% Material B 50% Material C 90% What is the equivalent units of Material B in the opening work in process?You are provided with the following information for the month of October 2020 O/B WIP unit started C/B wip Number of unit: 2730 27931 1875 Percentage com:25% 60% The material in the production process are added at the following stages: Material A: 0% Material B : 40% Material C : 80% What is the equivalent units of material B in the opening work in progress
- Simpson Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as to conversion) 10,000 units Started this period 120,000 units Ending Work in Process Inventory (80% complete as to conversion) 8,200 units Beginning Work in Process Inventory Costs: Material P24,500 Conversion 68,905 Current Period Costs: Material P 75,600 Conversion 130,053 Refer to Simpson Company. What is the cost of all units transferred out using the FIFO method?Bramble Company has the following equivalent units of production for July: materials 20000 and conversion costs 15000. Production cost data are: Materials Conversion Work in process inventory, July 1 $ 5000 $ 3000 Costs added in July 53600 42000 The unit production costs for July are: Materials Conversion Costs $2.68 $2.80 $2.93 $3.00 $2.93 $2.80 $2.68 $3.00Current Attempt in Progress The Assembly Department of Concord Company has the following production and cost data at the end of May, 2022, its first period of operations. Production: Manufacturing Costs: Prepare a production cost report for the month of May using weighted-average process costing. (Do not leave any answer field blank. Enter O for amounts.) (Round unit costs answers to 2 decimal places, e.g. 52.75.) QUANTITIES Units to be accounted for Work in process inventory, May 1 Started into production 34,200 units started into production; 28,500 units completed and transferred out and 5,700 units 100% completed as to materials and 40 % completed as to conversion costs. Materials added at beginning of process, $112,860; labor, $85,500; overhead $77,634. Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, May 31 Total units accounted for Q Search Physical Units CONCORD COMPANY Assembly Department-Production Cost Report For the…
- Goode Company has the following production data for selected months. EndingWork in Process Month BeginningWork in Process UnitsTransferred Out Units % Complete as toConversion Cost January –0– 40,300 10,300 42 % March –0– 41,800 9,000 75 July –0– 48,800 20,700 21 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March JulyShow Me How Print tem Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 13,100 tons in beginning work in process inventory (10% complete) on October 1. During October, 82,100 tons were completed. The ending work in process inventory on October 31 was 4,100 tons (10% complete). Fooback What are the total equivalent units for direct materials for October if materials are added at the beginning of the process? 70,710 X units Check My Work Are you determining the equivalent units of materials added or of conversion of materials? When would materials typically be added in the process? When would conversion of these materials take place? Recall the definition of work in process.Current Attempt in Progress Swifty Company has the following production data for June: units completed and transferred out, 61,000 and ending work in process inventory, 7,320 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $7. Determine the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost assigned to units completed and transferred out Cost assigned to the units in ending work in process inventory $ $
