Cullumber Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at thebeginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the BladderDepartment for July 2025 are as follows.Production Data-BasketballsUnitsPercentCompleteWork in process units, July 150060 %Units started into production1,320Work in process units, July 3150040 %Cost Data-BasketballsWork in process, July 1Materials$740Conversion costs640$1,380Costs added during JulyDirect materials1,990Direct labor380Manufacturing overhead1,260(a1)Calculate the equivalent units of production for materials and conversion costs.MaterialsEquivalent UnitseTextbook and MediaSave for LaterConversion CostsAttempts: 0 of 2 used Submit Answer

Step 1:Equivalent Units of Production, according to the International Accounting Standards (IAS),…

Answered: Cullumber Company manufactures…

Excel Applications for Accounting Principles

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ISBN:9781111581565

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Publisher:Gaylord N. Smith

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Can you please help me understand how to calculate equivalent units of production for materials and conversion costs?
Blossom Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2025 are as follows. Production Data-Basketballs Units Percent Complete Work in process units, July 1 570 60 % Units started into production 1,260 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $780 Conversion costs 560 $1,340 Costs added during July Direct materials 2,880 Direct labor 1,240 Manufacturing overhead 1,140
Sandhill Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2022 are as follows. Percent Complete Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead (a1) $750 600 Equivalent Units Units 520 Materials 1,130 500 $1,350 2.550 2,430 1,020 Calculate the following using the weighted-average machod. 60 % 40 % Calculate the equivalent units of production for materials and conversion costs. Conversion Costs
Need explanation for (a2) and take like
Coronado Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Production Data—Basketballs Units PercentComplete Work in process units, July 1 560 60 % Units started into production 1,430 Work in process units, July 31 500 40 % Cost Data—Basketballs Work in process, July 1 Materials $700 Conversion costs 550 $1,250 Direct materials 2,882 Direct labor 1,072 Manufacturing overhead 1,420 Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units Calculate the unit costs of…
Mirror Products manufactures mirrors and uses a standard process costing system. The following production and cost data are based on June 2022. This information represents the standard cost of one unit: Direct material 6.50SAR Conversion 12.50SAR Total manufacturing cost 19.00SAR Beginning WIP 20,000 units (100% DM; 80% conversion) Started in June 180,000 units Completed in June 140,000 units Ending WIP ??? (100%DM 60% conversion) Actual costs for June: Direct material 1,500,000SAR Conversion 2,000,000SAR Total actual cost 3,500,000SAR 1. Prepare an equivalent unit of production schedule. 2. Prepare a cost of production report and assign costs to goods transferred and to inventory. 3. Compute the direct material variance and conversion cost variance. Show all work. What is the total amount to be booked against the cost of goods sold? 4. Based on your analysis above, does this product appear to be a good…
The sanding department of Blossom Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 10,200 units completed and transferred out; 4,280 units in ending work in process are 100% complete in terms of materials and 25% complete in terms of conversion costs. Manufacturing costs: materials $47,784; labour $40,100; overhead $34,282. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 15.25.)
In using FIFO method, Cruz Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Cruz Company presented the following costs on three processes: What is the equivalent units of production (EUP) on Materials in Department 1? 15,000 15,100 16,000 14,200 What is the equivalent units of production (EUP) on Materials in Department 2? 15,100 15,000 15,150 14,800
Cullumber Inc. manufactures a single product in a continuous processing environment. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. To assign costs to inventories, the company uses weighted-average process costing. The following information was available for 2022: Sales (selling price per unit, $43) Actual manufacturing overhead Selling and administrative expenses Unit production costs: Direct materials (1 kilogram) Direct labour (1/2 hour) Manufacturing overhead Total $5,000,900 752,400 373,920 $6.00 8.00 9.00 $23.00 Units completed and transferred to finished goods Materials purchased Materials used in process (a) Raw materials Work in process inventory (45% complete) Finished goods An inventory count at year end (December 31, 2022) revealed that the inventories had the following balances: Calculate the following amounts for Cullumber Inc.: 159,600 units The January 1, 2022, work in process inventory units…
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In using FIFO method, Cruz Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Cruz Company presented the following costs on three processes: What is the equivalent units of production (EUP) on conversion in Department 3? 14,900 15,405 15,125 15,400
In using average method, Cruz Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For October 2021, Cruz Company presented the following costs on three processes: In October, what is the total costs transferred from Department A to Department B? P1,031,900 P 880,520 P 812,380 P 988,000

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