Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,500 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $6,600 $2,800 50% Conversion costs 20% A total of 7,900 units were started and 7,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $159,800 $121,500 Materials costs Conversion costs The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,500 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $6,600 $2,800 50% Conversion costs 20% A total of 7,900 units were started and 7,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $159,800 $121,500 Materials costs Conversion costs The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $6,800 $3,000 Materials costs Conversion costs A total of 8,100 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 50% 20% Cost $160,000 $121,700 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department?
Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process Inventory In Its Painting Department consisted of 3,800 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process Inventory in the department was recorded as $10,600. During the period, 9,800 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.80 for material and $6.80 for conversion costs. The cost of units transferred out during the month was: Multiple Choice О $66,800 $123,480 $66,640 $84,400 13
Block Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 260 units in process, started 1,460 units, and had 120 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 10% complete with respect to conversion costs. During the month 1,600 units were completed and transferred out. The department incurred the following costs: (Click on the icon to view the costs.) The cost per equivalent unit for direct materials is (Round your answer to two decimal places.) OA. $7.67 OB. $1.94 OC. $5.47 OD. $1.80 Data table Direct Materials Conversion Costs Total $ $ Beginning WIP Added this month 300 $ 600 900 $ Print Done 2,800 $ 5,710 8,510 S Total 3,100 6,310 9,410 P X
A Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 20,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,000. An additional 63,000 units were started into production during the month. There were 10,000 units in the ending work in process inventory of the Welding Department that were 10% complete with respect to conversion costs. A total of $237,600 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.) * $3.771 $3.500 $3.305 3.255
Acme Company uses process costing. During the current month, the first processing department's beginning work in process inventory includes 21,000 units that are 100% complete with respect to direct materials and 40% complete with respect to conversion costs. During the month, 64,000 units are started and 59,000 units are completed and transferred out. If the cost per equivalent unit for the month is $2.20 for direct materials and $3.90 for conversion costs, what is the total cost of the units completed and transferred out of the department during the month? - $359,900 O $363,200 $267,860 $317,000
Bims Corporation uses the weighted-average method in Its process costing system. The Assembly Department started the month with 3,400 units in Its beginning work In process inventory that were 70% complete with respect to converslon costs. An additional 64,500 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 25.000 units In the ending work In process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equlvalent units for conversion costs in the Assembly Department for the month? Multiple Cholce 42.900 86.100 55,520 57,900
Mehboob Corporation uses the weighted-average method in its process costing system. The first processing department, the ‘Department A’, started in June with 20,000 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was Rs. 122,716. An additional 65,000 units were started into production during June. There were 19,000 units in the ending work in process inventory of the ‘Department A’ that were 10% complete with respect to conversion costs. A total of Rs. 389,250 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:
Barnett Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in Department M. Conversion costs were 75% complete with respect to the 4,000 units in work in process at May 1 and 50% complete with respect to the 6,000 units in work in process at May 31. During May, 12,000 units were completed and transferred to the next department. An analysis of the costs relating to work in process at May 1 and to production activity for May follows: The total cost per equivalent unit for May was: material conversion work in process May 1 $13,800 $3,740 cost added during May $42,000 $26,260
Department X is the first stage of Sarena Solvents's production cycle. The following information is available for conversion costs for the month of December: Physical Units Beginning work-in-process inventory (60% complete) 48,000 Started in December 533,000 Completed in December and transferred to Department Y 514,500 Ending work-in-process inventory (40% complete) 66,500 Using the FIFO method, the equivalent units for the conversion cost calculation are: Multiple Choice 557,000. 521,000. 525,000. 539,000. None of the options are correct
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing departm of 2,800 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $12,600 $14,800 65% 34 Conversion costs 30% A total of 10,500 units were started and 9,400 units were transferred to the second processing department during the month. The following costs were ine first processing department during the month: Cost Materials costs $144,100 $361,500 Conversion costs The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to:
Domingo Corporation uses the weighted-average method in its process costing system. The costs of these units in beginning inventory were: Materials costs Conversion costs A total of 6,700 units were completed and transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 159,300 $ 121,000 Materials costs Conversion costs Cost $ 6,100 $ 2,300 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: $19.14 $18.62 $20.31 $19.39
Sagar