Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department 5,900 units, 20% completed 1,600 units, 70% completed 80,200 units Work in process, June 1 Completed and transferred to next processing department during June Work in process, June 30 4,500 units, 85% completed Production begins in the Drawing Department and finishes in the Winding Department. 80,800 units 2,200 units, 25% 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 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

Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department 5,900 units, 20% completed 1,600 units, 70% completed 80,200 units Work in process, June 1 Completed and transferred to next processing department during June Work in process, June 30 4,500 units, 85% completed Production begins in the Drawing Department and finishes in the Winding Department. 80,800 units 2,200 units, 25% 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 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

Name: Data for the two departments of Kimble & Pierce Company for June of t
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Description: Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:Winding DepartmentDrawing Department5,900 units, 20% completed1,600 units, 70% completedWork in process, June 1Completed and transferred to ne

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $35,700 of direct materials. ACCOUNT Work in Process-Forging Department Date Nov. Item 1 Bal., 3,400 units, 60% completed 30 Direct materials, 31,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2 units 30 Bal., 2,700 units, 80% completed LA Debit 316,200 33,410 46,140 Credit ? ACCOUNT NO. Balance Debit Credit 40,596 356,796 390,206 436,346 ? ? a. Determine the number of units transferred to the next department. units b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials Cost per equivalent unit of conversion c. Determine the cost of units started and completed in November.
Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department 5,700 units, 35% completed 1,700 units, 90% completed Work in process, November 1 Completed and transferred to next processing department during November Work in process, November 30 4,300 units, 60% completed 2,300 units, 20% 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 November for the Drawing Department. If an amount is zero, enter in "0". Drawing Department Direct Materials and Conversion Equivalent Units of Production For November Inventory in process, November 1 Started and completed in November Transferred to Winding Department in November Inventory in process, November 30 Total 78,100 units Inventory in process, November 1 Started and completed in November Transferred to finished…
Use this information about Department G to answer the question that follow. Department G had 2,160 units 25% completed at the beginning of the period, 12,300 units were completed during the period, 1,800 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period Costs added during period: Direct materials (11,940 units at $9) Direct labor Factory overhead $26,700 a. $190,853 b. $174,254 O c. $157,655 d. $91,260 107,460 74,400 24,800 All direct materials are placed in process at the beginning of production, and the first-in, first-out method of inventory costing is used. What is the total cost of the units started and completed during the period (do not round unit cost calculation)?
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Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Work in process, June 1 Completed and transferred to next processing department during June Work in process, June 30 Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 Total Drawing Department 6,600 units, 50% completed 5,000 units, 50% completed 2,600 units, 10% Broduction begins in the Drawing Department and finishes h the Winding Department. 90,400 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 June for the Drawing Department. If an amount is zero, enter in "0". Drawing Department Direct Materials and onversion Equivalent Units of Production For June Inventory in process, June 1 Started and completed in June Transferred to finished goods in June…
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The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.Description Dollar amountWork in process, January 1, 1,400 units, 75% completed $22,960Direct materials (1,400 x $13) $18,200Conversion (1,400 x 12) 16,800Total direct materials and conversion 35,000Materials added during January from weaving department, 58,000 units 745,000Direct labor for January 134,550Factory overhead for January 151,661Goods finished during January (includes goods in process, January 1), 56,200 units ?Work in process, January 31, 3,200 units, 30% completed ?a. Find the missing values in the last two rowsb. Prepare a cost of production report for the Cutting Department. c. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December
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Line following information applies to the questions displayed below.j Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,100 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials. Conversion Costs added this month Direct materials Conversion Cost per Equivalent Unit of Production Costs of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per equivalent unit of production Units 3,500 12,100 $ 10,500 5,100 Direct Materials $ Percent Complete for Percent Direct Complete for Materials. Conversion 60% 40% 1,902 19,968 21,870 $ 1,902 1,457 19,968 20,197 80% Calculate the Assembly department's cost per…
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