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 4,500 units, 50% completed 1,700 units, 75% completed Work in process, June 1 Completed and transferred to next processing department during June Work in process, June 30 3,400 units, 85% completed Production begins in the Drawing Department and finishes in the Winding Department. 61,700 units Total 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". Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 61,100 units Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Whole Units 2,300 units, 25% completed 4,500 ✔ Direct Materials Conversion Equivalent Units Equivalent Units

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 4,500 units, 50% completed 1,700 units, 75% completed Work in process, June 1 Completed and transferred to next processing department during June Work in process, June 30 3,400 units, 85% completed Production begins in the Drawing Department and finishes in the Winding Department. 61,700 units Total 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". Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 61,100 units Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Whole Units 2,300 units, 25% completed 4,500 ✔ Direct Materials Conversion Equivalent Units Equivalent Units

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Description: b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalentunits of production for June for the Winding Department. If an amount is zero, enter in "0".Winding DepartmentDi

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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Department M had 2, 800 units 53% completed in process at the beginning of June, 11, 200 units completed during June, and 800 units 33% completed at the end of June. The number of equivalent units of production for conversion costs for June if the first - in, first-out method is used to cost inventories is a. 11,464 units b. 9, 980 units c. 8, 400 units d. 12, 264 units
Use this information about Department G to answer the question that follows. Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period, 3,000 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 units at $8) 83,200 Direct labor 63,000 Factory overhead 25,000 All direct materials are added at the beginning of the process, and the first-in, first-out cost flow method is used. Determine the total cost of the inventory in process at the end of the period. Round the unit cost computation to the nearest cent. a. $21,432 b. $16,163 c. $28,932 d. $35,670
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