Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 5,300 units, 50% completed 3,000 units, 90% completed Completed and transferred to next processing department during June 72,600 units 71,500 units Work in process, June 30 4,000 units, 70% completed 4,100 units, 10% completed Production begins in the Drawing Department and finishes in the Winding Department. Question Content Area 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 for the Drawing Department. If an amount is zero, enter in "0". Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank cb7ec1f3cff4fc9_1 fill in the blank cb7ec1f3cff4fc9_2 fill in the blank cb7ec1f3cff4fc9_3 Started and completed in June fill in the blank cb7ec1f3cff4fc9_4 fill in the blank cb7ec1f3cff4fc9_5 fill in the blank cb7ec1f3cff4fc9_6 Transferred to Winding Department in June fill in the blank cb7ec1f3cff4fc9_7 fill in the blank cb7ec1f3cff4fc9_8 fill in the blank cb7ec1f3cff4fc9_9 Inventory in process, June 30 fill in the blank cb7ec1f3cff4fc9_10 fill in the blank cb7ec1f3cff4fc9_11 fill in the blank cb7ec1f3cff4fc9_12 Total fill in the blank cb7ec1f3cff4fc9_13 fill in the blank cb7ec1f3cff4fc9_14 fill in the blank cb7ec1f3cff4fc9_15 Question Content Area b. 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 for the Winding Department. If an amount is zero, enter in "0". Winding DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank 37625604afa0fe7_1 fill in the blank 37625604afa0fe7_2 fill in the blank 37625604afa0fe7_3 Started and completed in June fill in the blank 37625604afa0fe7_4 fill in the blank 37625604afa0fe7_5 fill in the blank 37625604afa0fe7_6 Transferred to finished goods in June fill in the blank 37625604afa0fe7_7 fill in the blank 37625604afa0fe7_8 fill in the blank 37625604afa0fe7_9 Inventory in process, June 30 fill in the blank 37625604afa0fe7_10 fill in the blank 37625604afa0fe7_11 fill in the blank 37625604afa0fe7_12 Total fill in the blank 37625604afa0fe7_13 fill in the blank 37625604afa0fe7_14 fill in the blank 37625604afa0fe7_15
Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 5,300 units, 50% completed 3,000 units, 90% completed Completed and transferred to next processing department during June 72,600 units 71,500 units Work in process, June 30 4,000 units, 70% completed 4,100 units, 10% completed Production begins in the Drawing Department and finishes in the Winding Department. Question Content Area 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 for the Drawing Department. If an amount is zero, enter in "0". Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank cb7ec1f3cff4fc9_1 fill in the blank cb7ec1f3cff4fc9_2 fill in the blank cb7ec1f3cff4fc9_3 Started and completed in June fill in the blank cb7ec1f3cff4fc9_4 fill in the blank cb7ec1f3cff4fc9_5 fill in the blank cb7ec1f3cff4fc9_6 Transferred to Winding Department in June fill in the blank cb7ec1f3cff4fc9_7 fill in the blank cb7ec1f3cff4fc9_8 fill in the blank cb7ec1f3cff4fc9_9 Inventory in process, June 30 fill in the blank cb7ec1f3cff4fc9_10 fill in the blank cb7ec1f3cff4fc9_11 fill in the blank cb7ec1f3cff4fc9_12 Total fill in the blank cb7ec1f3cff4fc9_13 fill in the blank cb7ec1f3cff4fc9_14 fill in the blank cb7ec1f3cff4fc9_15 Question Content Area b. 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 for the Winding Department. If an amount is zero, enter in "0". Winding DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank 37625604afa0fe7_1 fill in the blank 37625604afa0fe7_2 fill in the blank 37625604afa0fe7_3 Started and completed in June fill in the blank 37625604afa0fe7_4 fill in the blank 37625604afa0fe7_5 fill in the blank 37625604afa0fe7_6 Transferred to finished goods in June fill in the blank 37625604afa0fe7_7 fill in the blank 37625604afa0fe7_8 fill in the blank 37625604afa0fe7_9 Inventory in process, June 30 fill in the blank 37625604afa0fe7_10 fill in the blank 37625604afa0fe7_11 fill in the blank 37625604afa0fe7_12 Total fill in the blank 37625604afa0fe7_13 fill in the blank 37625604afa0fe7_14 fill in the blank 37625604afa0fe7_15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
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Question
Equivalent Units of Production
Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:
| Drawing Department | Winding Department | |
| Work in process, June 1 | 5,300 units, 50% completed | 3,000 units, 90% completed |
| Completed and transferred to next processing department during June |
72,600 units | 71,500 units |
| Work in process, June 30 | 4,000 units, 70% completed | 4,100 units, 10% completed |
Production begins in the Drawing Department and finishes in the Winding Department.
Question Content Area
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 for the Drawing Department. If an amount is zero, enter in "0".
| Whole Units | Direct Materials Equivalent Units |
Conversion Equivalent Units |
|
| Inventory in process, June 1 | fill in the blank cb7ec1f3cff4fc9_1 | fill in the blank cb7ec1f3cff4fc9_2 | fill in the blank cb7ec1f3cff4fc9_3 |
| Started and completed in June | fill in the blank cb7ec1f3cff4fc9_4 | fill in the blank cb7ec1f3cff4fc9_5 | fill in the blank cb7ec1f3cff4fc9_6 |
| Transferred to Winding Department in June | fill in the blank cb7ec1f3cff4fc9_7 | fill in the blank cb7ec1f3cff4fc9_8 | fill in the blank cb7ec1f3cff4fc9_9 |
| Inventory in process, June 30 | fill in the blank cb7ec1f3cff4fc9_10 | fill in the blank cb7ec1f3cff4fc9_11 | fill in the blank cb7ec1f3cff4fc9_12 |
| Total | fill in the blank cb7ec1f3cff4fc9_13 | fill in the blank cb7ec1f3cff4fc9_14 | fill in the blank cb7ec1f3cff4fc9_15 |
Question Content Area
b. 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 for the Winding Department. If an amount is zero, enter in "0".
| Whole Units | Direct Materials Equivalent Units |
Conversion Equivalent Units |
|
| Inventory in process, June 1 | fill in the blank 37625604afa0fe7_1 | fill in the blank 37625604afa0fe7_2 | fill in the blank 37625604afa0fe7_3 |
| Started and completed in June | fill in the blank 37625604afa0fe7_4 | fill in the blank 37625604afa0fe7_5 | fill in the blank 37625604afa0fe7_6 |
| Transferred to finished goods in June | fill in the blank 37625604afa0fe7_7 | fill in the blank 37625604afa0fe7_8 | fill in the blank 37625604afa0fe7_9 |
| Inventory in process, June 30 | fill in the blank 37625604afa0fe7_10 | fill in the blank 37625604afa0fe7_11 | fill in the blank 37625604afa0fe7_12 |
| Total | fill in the blank 37625604afa0fe7_13 | fill in the blank 37625604afa0fe7_14 | fill in the blank 37625604afa0fe7_15 |
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