East Bay Fisheries Inc. processes King Salmon for various distributors. Two departments are involved-processing and packaging. Data relating to tons of King Salmon processed in the processing department during June 2016 are provided below: Tons Salmon of King Percent Completed Materials Conversion 90 80 Work-in-process inventory-June 1 1,500 Work-in-process inventory-June 2,800 60 40 30 Started processing during June 7,800 Total equivalent units for materials under the weighted-average method are calculated to be: A. 6,830 equivalent units B. 8,180 equivalent units C. 6,980 equivalent units D. 7,140 equivalent units E. 7,620 equivalent units

East Bay Fisheries Inc. processes King Salmon for various distributors. Two departments are involved-processing and packaging. Data relating to tons of King Salmon processed in the processing department during June 2016 are provided below: Tons Salmon of King Percent Completed Materials Conversion 90 80 Work-in-process inventory-June 1 1,500 Work-in-process inventory-June 2,800 60 40 30 Started processing during June 7,800 Total equivalent units for materials under the weighted-average method are calculated to be: A. 6,830 equivalent units B. 8,180 equivalent units C. 6,980 equivalent units D. 7,140 equivalent units E. 7,620 equivalent units

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 30E: Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process...

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East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 1,500 90 80 Work-in-process inventory — June 30 2,800 60 40 Started processing during June 7,800 Total equivalent units for materials under the weighted-average method are calculated to be:
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 2,800 98 79 Work-in-process inventory — June 30 4,100 62 46 Started processing during June 9,000 Total equivalent units for materials under the weighted-average method are calculated to be a. 7602 equivalent units b. 10,242 equivalent units. c. 7,762 equivalent units. d. 9,733 equivalent units. e. 9,586 equivalent units.
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Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved - processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Conversion Materials Work-in-process Inventory - June 1 2,700 Work-in-process Inventory - June 30 4,000 Started processing during June 8,900 Total equivalent units for conversion under the FIFO method are calculated to be: Group of answer choices 7,672 equivalent units. 10,516 equivalent units. 7,196 equivalent units. 11,088 equivalent units. 11,304 equivalent units. 82 72 92 52
Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 1,600 92 81 Work-in-process inventory — June 30 2,900 62 41 Started processing during June 7,900 Total equivalent units for materials under the FIFO method are calculated to be: Multiple Choice 7,318 equivalent units. 6,926 equivalent units. 7,789 equivalent units. 7,080 equivalent units. 8,398 equivalent units.
Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Required 1 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Required 2 Direct materials Conversion Tons of Salmon 1,900 2,040 10, 300 Required 3 Percent Completed Direct Materials 80% 50% Equivalent Units Conversion 70% 30% How would your answer…
The THV, Inc. processes tuna for various distributors. Two departments are involved, processing and packaging. Data relating to tons of tuna sent to the processing department during April 2016 are: Percentage Completed Materials Work-in-process inventory, Apr. 1 Work-in-process inventory, Apr. 30 Started processing during April Tons of Tuna 1,500 2,300 6,500 Conversion 70% 30 80% 50 5. The number of tons completed and transferred out during the month are а. 8,000 b. 6,500 c. 5,700 d. 1,500 6. Assuming the company uses the weighted average method, what are the equivalent units for materials? а. 5,700 b. 6.500 c. 6,850 d. 7,750 7. Assuming the company uses the weighted average method, what are the equivalent units for conversion? a. 6,390 b. 5,700 c. 8,000 d. 6,250
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Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Tons of Salmon 1,440 2,120 7,950 Percent Completed Direct Materials 80% 50% Required 1 Required 2 Required 3 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Conversion 70% 30% Calculate the number of tons completed and transferred out during…
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Required information [The following information applies to the questions displayed below.] The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Direct Conversion Equivalent Units of Production Units transferred out Materials 43,500 EUP 3,500 EUP 43,500 EUP 2,100 EUP Units of ending work in process Equivalent units of production 47,000 EUP 45,600 EUP Direct Costs per EUP Costs of beginning work in process Costs incurred this period Materials $33,700 563,200 $ 596,900 Conversion $ 4,440 333,000 Total costs $ 337,440 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 3,000 44,000 43,500 3,500 Prepare…
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