Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing DepartmentWinding DepartmentWork in process, June 18,600 units, 55% completed1,700 units, 70% completedCompleted and transferred to next processing department during June117,800 units117,200 unitsWork in process, June 306,500 units, 85% completed2,300 units, 20% completedProduction begins in the Drawing Department and finishes in the Winding Department.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 June for the Drawing Department. If an amount is zero, enter in "0".Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole UnitsDirect MaterialsEquivalent UnitsConversionEquivalent UnitsInventory in process, June 1fill in blankfill in blandfill in the blank Started and completed in Junefill in the blank fill in the blank fill in the blank Transferred to Winding Department in Junefill in the blank fill in the blank fill in the blank Inventory in process, June 30fill in the blank fill in the blank fill in the blank Totalfill in the blank fill in the blank fill in the blank 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 June for the Winding Department. If an amount is zero, enter in "0".Winding DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole UnitsDirect MaterialsEquivalent UnitsConversionEquivalent UnitsInventory in process, June 1 fill in the blank Started and completed in Junefill in the blank fill in the blank fill in the blank Transferred to finished goods in Junefill in the blank fill in the blank fill in the blank Inventory in process, June 30fill in the blank fill in the blank fill in the blank Totalfill in the blank fill in the blank fill in the blank

The equivalent units are calculated on the basis of percentage of work completed during the period.

Answered: Data for the two departments of Kimble…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

100%

Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:

	Drawing Department	Winding Department
Work in process, June 1	8,600 units, 55% completed	1,700 units, 70% completed
Completed and transferred to next processing department during June	117,800 units	117,200 units
Work in process, June 30	6,500 units, 85% completed	2,300 units, 20% completed

Production begins in the Drawing Department and finishes in the Winding Department.

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 June for the Drawing Department. If an amount is zero, enter in "0".

Drawing Department
Direct Materials and Conversion Equivalent Units of Production
For June
	Whole Units	Direct Materials Equivalent Units	Conversion Equivalent Units
Inventory in process, June 1	fill in blank	fill in bland	fill in the blank
Started and completed in June	fill in the blank	fill in the blank	fill in the blank
Transferred to Winding Department in June	fill in the blank	fill in the blank	fill in the blank
Inventory in process, June 30	fill in the blank	fill in the blank	fill in the blank
Total	fill in the blank	fill in the blank	fill in the blank

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 June for the Winding Department. If an amount is zero, enter in "0".

Winding Department
Direct Materials and Conversion Equivalent Units of Production
For June
	Whole Units	Direct Materials Equivalent Units	Conversion Equivalent Units
Inventory in process, June 1			fill in the blank
Started and completed in June	fill in the blank	fill in the blank	fill in the blank
Transferred to finished goods in June	fill in the blank	fill in the blank	fill in the blank
Inventory in process, June 30	fill in the blank	fill in the blank	fill in the blank
Total	fill in the blank	fill in the blank	fill in the blank

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here