Data for the two departments of Gurley Industries for September of the current fiscal year are as follows: Drawing Department Winding Department 12,000 units, 35% completed 40,000 units, 38% completed Work in process, September 1 Completed and transferred to next processing department during September Work in process, September 30 52,000 units, 70% completed i Production begins in the Drawing Department and finishes in the Winding Department. 600,000 units 591,000 units 21,000 units, 60% completed a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September for the Drawing Department. If an amount is zero, enter in "0". Line Item Description Inventory in process, September 1 Started and completed in September Transferred to Winding Department in September Inventory in process, September 30 Total Drawing Department Direct Materials and Conversion Equivalent Units of Production For September Conversion Equivalent Units Equivalent Units Whole Units Direct Materials b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September
Data for the two departments of Gurley Industries for September of the current fiscal year are as follows: Drawing Department Winding Department 12,000 units, 35% completed 40,000 units, 38% completed Work in process, September 1 Completed and transferred to next processing department during September Work in process, September 30 52,000 units, 70% completed i Production begins in the Drawing Department and finishes in the Winding Department. 600,000 units 591,000 units 21,000 units, 60% completed a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September for the Drawing Department. If an amount is zero, enter in "0". Line Item Description Inventory in process, September 1 Started and completed in September Transferred to Winding Department in September Inventory in process, September 30 Total Drawing Department Direct Materials and Conversion Equivalent Units of Production For September Conversion Equivalent Units Equivalent Units Whole Units Direct Materials b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
Topic Video
Question
Please do not give solution in image format thanku
Transcribed Image Text:Data for the two departments of Gurley Industries for September of the current fiscal year are as follows:
Drawing Department
Winding Department
40,000 units, 38% completed
12,000 units, 35% completed
Work in process, September 1
Completed and transferred to next
processing department during September
Work in process, September 30
52,000 units, 70% completed
Production begins in the Drawing Department and finishes in the Winding Department.
600,000 units
591,000 units
a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September
for the Drawing Department. If an amount is zero, enter in "0".
Line Item Description
Inventory in process, September 11
Started and completed in September
Transferred to Winding Department in September
Inventory in process, September 30
Total
21,000 units, 60% completed
Drawing Department
Direct Materials and Conversion Equivalent Units of Production
For September
Whole Units
Direct Materials Conversion
Equivalent Units Equivalent Units
b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September
Transcribed Image Text:b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September
for the Winding Department. If an amount is zero, enter in "0".
Winding Department
Direct Materials and Conversion Equivalent Units of Production
For September
Line Item Description
Inventory in process, September 1
Started and completed in September
Transferred to finished goods in September
Inventory in process, September 30
Total
Whole Units
Direct Materials Conversion
Equivalent Units Equivalent Units
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education