show step During the month of May, the grinding departmentproduced and transferred out 4,000 units. Ending Workin Process (EWIP) had 1,000 units 40 percent complete.There was no Beginning Work in Process (BWIP). Theequivalent units of output for May are:a. 3,600b. 4,600c. 4,400d. 2,000e. 5,000Show steps.

Step 1: Given, In the month of may, the department produced and transferred 4000 units and EWIP had…

Answered: During the month of May, the grinding…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 27E: During the month of June, the mixing department produced and transferred out 3,500 units. Ending...

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During the month of May, the grinding department produced and transferred out 2,300 units. EWIP had 500 units, 40% complete. There was no BWIP. The equivalent units of output for May are a. 2,000. b. 2,500. c. 2,300. d. 2,800. e. None of these.
Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was 40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Costs in beginning work in process for the Polishing Department were direct materials, 5,000; conversion costs, 6,000; and transferred in, 8,000. Costs added during the month: direct materials, 32,000; conversion costs, 50,000; and transferred in, 40,000. Required: 1. Assuming the use of the weighted average method, prepare a schedule of equivalent units. 2. Compute the unit cost for the month.
Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.
Using the same data found in Exercise 6.22, assume the company uses the FIFO method. Required: Prepare a schedule of equivalent units, and compute the unit cost for the month of December. Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was 40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Costs in beginning work in process for the Polishing Department were direct materials, 5,000; conversion costs, 6,000; and transferred in, 8,000. Costs added during the month: direct materials, 32,000; conversion costs, 50,000; and transferred in, 40,000.
The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
During March, the following costs were charged to the manufacturing department: $22,500 for materials; $45,625 for labor; and $50,000 for manufacturing overhead. The records show that 40,000 units were completed and transferred, while 10,000 remained in ending inventory. There were 45,000 equivalent units of material and 42,500 units of conversion costs. Using the weighted-average method, prepare the companys process cost summary for the month.
Clearwater Candy Co. had a cost per equivalent pound for the month of 4.56 for materials, 1.75 for labor, and 1.00 for overhead. During the month, 10,250 lb were completed and transferred to finished goods. The 3,200 lb in ending work in process were 100% complete as to materials and 60% complete as to labor and overhead. At the beginning of the month, 1,500 lb were in process, 100% complete as to materials and 50% complete as to labor and overhead. The beginning inventory had a cost of 8,775. Clearwater uses FIFO costing. Required: 1. Calculate the cost of the pounds completed and transferred to finished goods. 2. Calculate the cost of the ending work in process.
Goode Company has the following production data for selected months. EndingWork in Process Month BeginningWork in Process UnitsTransferred Out Units % Complete as toConversion Cost January –0– 40,300 10,300 42 % March –0– 41,800 9,000 75 July –0– 48,800 20,700 21 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July
The following information is regarding the first process for the month of November. a. All manufacturing costs were added uniformly. b. Beginning work in process had 10,000 units, 40% complete. Costs in beginning work in process inventory included direct materials, $50,000 conversion costs, $48,500, c. During November, 40,000 units were started. Costs added to production were direct materials $90,000, and conversion costs $164,140 d. There were 38,000 good units transferred out and 11,800 units remained in ending work in process, 50% complete e. All units were inspected at the 90% point of completion. t. The weighted average method is used. Required: 1. Prepare the unit information of the production report for the first process at the end of the month. 2. Compute the unit cost. 3. Compute the cost transferred out assuming all spoilage is considered normal. riood
Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE TABLE March April Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April Direct materials costs $965,460 $1,100,310 Direct labor costs 2,300,260 3,001,940 Manufacturing overhead applied 3,520,640 3,601,030 Total manufacturing costs $6,786,360 $7,703,280 Units in beginning work in process 6,000 3,800 Units transferred to finished goods 17,500 22,000 Units in ending work in process 4,500 6,100 Express everything in UNITS March April Beginning work in process Started and completed Ending work in process Total equivalent units Express everything in $ March April Total manufacturing cost per equivalent unit Direct materials cost…
Department M had 2,700 units 58% completed in process at the beginning of June, 11,500 units completed during June, and 900 units 28% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories? a.8,800 units b.10,186 units c.12,652 units d.11,752 units
In process C on 1st April, there was no work-in-progress. During the month of April, 1,000 units of material were issued at a cost of RO 10,000. Labor and overheads totaled RO 4,375 and RO 2,400 respectively. On 31st April, 750 units were completed and transferred to the next process. On the remaining 250 units, which are incomplete, degree of completion was as follows: Materials 100%, Labor 50%, and Overhead 20%. Identify the amount of overhead that will be shown for closing work in progress. a. 3,257 b. 150 c. 2,250 d. 3,275

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