Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor JuneDirect MaterialsConversionWhole UnitsEquivalent Units Equivalent UnitsInventory in process, June 1Started and completed in JuneTransferred to Winding Department in JuneInventory in process, June 30Totalb. 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 forthe Winding Department. If an amount is zero, enter in "0".Winding DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor JuneDirect MaterialsConversionWhole UnitsEquivalent Units Equivalent UnitsInventory in process, June 1Started and completed in JuneTransferred to finished goods in JuneInventory in process, June 30Total EquivalenUnits ofT ProductionData for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:Drawing DepartmentWinding DepartmentWork in process, June 18,800 units, 30% completed3,400 units, 85% completedCompleted and transferred to next120,600 units119,400 unitsprocessing department during JuneWork in process, June 306,700 units, 45% completed4,600 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 forthe Drawing Department. If an amount is zero, enter in "0".

Name: Drawing DepartmentDirect Materials and Conversion Equivalent Units of
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Description: Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor JuneDirect MaterialsConversionWhole UnitsEquivalent Units Equivalent UnitsInventory in process, June 1Started and completed in JuneTransferred to Winding Department

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Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 Total . 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 fo he Winding Department. If an amount is zero, enter in "0". Winding Department Direct Materials and Conversion Equivalent Units of Production For June Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, June 1 Started and completed in June

Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 Total . 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 fo he Winding Department. If an amount is zero, enter in "0". Winding Department Direct Materials and Conversion Equivalent Units of Production For June Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, June 1 Started and completed in June

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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Required information [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Beginning work in process inventory Units started this period Completed and transferred out. Ending work in process inventory Beginning work in process inventory Direct materials Units The production department had the cost information below. Conversion Costs added this period Direct materials Conversion Total costs to account for 60,000 322,000 300,000 82,000 $ 118,472 48,594 850,368 649,296 Direct Materials Conversion Percent Complete 60% 80% $ 167,066 1,499,664 $1,666,730 a. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. Percent Complete 40% 30%
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