Equivalent units of production are equal to:17Multiple Cholce00:52:10The number of whole units that could have been started and completed given the costs incurred In the perlod.The number of units still in process at the end of a perlod.Physical units that were started and completed during a period.The number of units started into the process during a period.The number of finished units actually produced during a period.

The equivalent units are calculated on the basis of percentage of the work completed during the…

Equivalent units of production are equal to: Multiple Cholce The number of whole units that could have been started and completed given the costs incurred in the perlod. The number of units still in process at the end of a period. Physical units that were started and completed during a period. The number of units started into the process during a period. The number of finished units actually produced during a period.

Equivalent units of production are equal to: Multiple Cholce The number of whole units that could have been started and completed given the costs incurred in the perlod. The number of units still in process at the end of a period. Physical units that were started and completed during a period. The number of units started into the process during a period. The number of finished units actually produced during a period.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 6Q: Why might the total number of units completed during a month plus the number of units in process at...

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Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 800,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 194,000 units that are 80% complete with respect to conversion. Beginning work in process inventory had $516,880 of direct materials and $191,040 of conversion cost. The direct material cost added in November is $3,459,120, and the conversion cost added is $3,629,760. Beginning work in process consisted of 79,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 79,000 were from beginning work in process and 721,000 units were started and completed during the period.
With respect to conversion costs, how many equivalent units were calculated for the product that was completed, and how many equivalent units were calculated for the ending balance? Select one: a. 32,000 equivalent units and 8,000 equivalent units b. 19,200 equivalent units and 4,800 equivalent units c. 32,000 equivalent units and 4,800 equivalent units d. 40,000 equivalent units, and 8,000 equivalent units
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added 50% at the beginning of the process and 50% at the end of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added 50% at the beginning of the process and 50% at the end of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added at the beginning of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.
A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?
Why might the total number of units completed during a month plus the number of units in process at the end of a month be less than the total number of units in process at the beginning of the month plus the number of units placed in process during the month?
Required: (Use five decimal places to compute for unit cost) . What are equivalent units of production for conversion cost? 0. Total costs of transferred out units C. The amount of work in-process, end
a. Using FIFO method, what is the equivalent production in units of Materials? b.Using FIFO method, what is the equivalent-unit material cost for the period? c. Using FIFO method, what is the equivalent production in units of Conversion Costs?
The term given to units that represents the number of completed units that is equal, in terms of production inputs, to a given number of partially completed units is: a.Units started and completed b.Units completed c.Equivalent units d.Total units in production
Homework i Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Costs Beginning work in process inventory Started 3,000 30,000 Beginning work in process inventory Direct materials $ 3,660 Ending work in process inventory 6,000 Conversion 10,368 Status of ending work in process inventory Direct materials added $ 14,028 194,670 184,620 258,468 Materials-Percent complete 100% Direct labor added Conversion-Percent complete 20% Overhead applied (140% of direct labor) Total costs to account for $651,786 Ending work in process inventory $ 55,356 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) X Answer is not complete. Total Costs to Account for: Costs of beginning work in process $ Costs incurred this period Total costs to account for: Total costs accounted for Difference due to rounding…
C) what's is the cost per equivalent unit for materials ? ( round your answer to 2 decimal places.) D) what is the cost equivalent unit for conversion? (Round your answer to 2 decimal places.) E) what is the cost of units transferred out? (Round your cost per equivalent unit to 2 decimal places.)