Equivalent Units of Conversion CostsThe Filling Department of Eve Cosmetics Company had 3,800 ounces in beginning work in process inventory (40% complete). During the period,34,900 ounces were completed. The ending work in process inventory was 2,100 ounces (40% complete).What are the total equivalent units for conversion costs?If required, round to the nearest unit.units

Calculate total equivalent units for conversion costs under FIFO method:

Answered: Equivalent Units of Conversion Costs…

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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Tuvalet Units of Production: weighted average method The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 2,000 units in work in process that were 50% complete at the beginning of the period. During the period, 13,800 units are and transferred to the Packing Department. There were 1,200 units in process that were 30% complete at the end of the pred Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during produc X units
Equivalent Units of Conversion Costs The Rolling Department of Oak Ridge Steel Company had 5,236 tons in beginning work in process inventory (70% complete) on July 1. During July, 74,800 tons were completed. The ending work in process inventory on July 31 was 5,984 tons (10% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.fill in the blank 1 units
Equivalent Units of Materials Cost The Filling Department of Ivy Cosmetics Company had 4,800 ounces in beginning work in process inventory (30% complete). During the period, 79,900 ounces were completed. The ending work in process inventory was 4,000 ounces (70% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process?________ units
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.70 and $0.10, respectively. The equivalent units to be assigned costs are as follows: Direct Materials Conversion Inventory in process, beginning of period 3,160 Started and completed during the period 51,950 51,950 Transferred out of Bottling (completed) 51,950 55,110 00 57,810 Inventory in process, end of period 099 Total units to be assigned costs The beginning work in process inventory had a cost of $3,950. Determine the cost of completed and transferred-out production and the ending work in process inventory. When required, round your answers to the nearest dollar. Completed and transferred out production Inventory in process, ending items Previous ( XƏN へ nere to search 9:44 PM 53°F Cloudy (中岁 12/6/2021 a. SU delete 144 ZA pause alt alt ctrl USE YOL
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.50 and $0.20, respectively. The equivalent units to be assigned costs are as follows: Inventory in process, beginning of period Started and completed during the period Transferred out of Bottling (completed) Inventory in process, end of period Total units to be assigned costs Direct Materials 52,120 0 52,120 3,010 55,130 LA LA Conversion The beginning work in process inventory had a cost of $3,020. Determine the cost of completed and transferred-out production and the ending work in process inventory. When required, round your answers to the nearest dollar. Completed and transferred out production Inventory in process, ending 3,110 52,120 55,230 2,700 57,930
*The cost per equivalent units of direct materials and conversion in the Roasting Department of Robusta Coffee Company are $0.60 and $0.25, respectively. The equivalent units to be assigned costs are as follows: Inventory in process, beginning of period Direct Materials Conversion 0 3,000 Started and completed during the period 52,000 52,000 Transferred out of Roasting (completed) 52,000 55,000 Inventory in process, end of period Total units to be assigned costs 3,500 2,100 55,500 57,100 The beginning work in process inventory had a cost of $6,500. Based on the information provided, the total cost of units completed and transferred-out production is equal to: $54,075 $2,625 $51,450 $44,200
Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 4,700 ounces in beginning work in process inventory (90% complete). During the period, 33,500 ounces were completed. The ending work in process inventory was 1,700 ounces (70% complete). What are the total equivalent units for conversion costs? 38,920 X units. Feathark
Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning work in process inventory (60% complete). During the period, 68,000 ounces were completed. The ending work in process inventory was 10,000 ounces (25% complete). What are the total equivalent units for conversion costs? 70,500 is not the correct answer!
Required: Trout, Incorporated, adds direct materials at the beginning of the process, while conversion costs are incurred uniformly throughout the process. At the beginning of the period, Work In Process Inventory was 40% complete. At the end of the period, Work in Process Inventory was 70% complete. Trout, Incorporated, started the following production report: Complete the production report by filling in the missing amounts. Note: Round your "Cost per Equivalent Unit" answers to 2 decimal places. UNITS Units to be accounted for Beginning Work in Process Started into Production Total units Units accounted for: TROUT, INCORPORATED Process Costing Production Report (Weighted Average Method) Step 1: Physical Units Completed and transferred Ending Work in Process Total units COSTS Beginning inventory Current period costs Total manufacturing costs 3,000 7,800 $3,900 3,900 7,800 Step 2 Equivalent Units Direct Materials Conversion Cost 3,900 3,900 7,800 6,630 Step 3: Cost per Equivalent Unit…
Equivalent Units of Conversion Costs The Rolling Department of Jabari Steel Company had 4, 698 tons in beginning work in process inventory (10% complete) on October 1. During October, 52, 200 tons were completed. The ending work in process inventory on October 31 was 3, 132 tons (60% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.
Equivalent Units of Conversion Costs The Rolling Department of Jabari Steel Company had 2,814 tons in beginning work in process inventory (20% complete) on October 1. During October, 40,200 tons were completed. The ending work in process inventory on October 31 was 2,010 tons (10% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. units
Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 2,700 ounces in beginning work in process inventory (30% complete). During the period, 38,200 ounces were completed. The ending work in process inventory was 2,300 ounces (80% complete). What are the total equivalent units for conversion costs? units

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