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Equivalent Units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows:   Drawing Department Winding Department Work in process, November 1 8,800 units, 25% completed 2,100 units, 90% completed Completed and transferred to next processing department during November 120,600 units 119,800 units Work in process, November 30 6,700 units, 75% completed 2,900 units, 30% completed PLEASE SEE SCREENSHOT for question A and B

Equivalent Units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows:   Drawing Department Winding Department Work in process, November 1 8,800 units, 25% completed 2,100 units, 90% completed Completed and transferred to next processing department during November 120,600 units 119,800 units Work in process, November 30 6,700 units, 75% completed 2,900 units, 30% completed PLEASE SEE SCREENSHOT for question A and B

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Equivalent Units of Production

Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows:

  Drawing Department Winding Department
Work in process, November 1 8,800 units, 25% completed 2,100 units, 90% completed
Completed and transferred to next processing department during November 120,600 units 119,800 units
Work in process, November 30 6,700 units, 75% completed 2,900 units, 30% completed

PLEASE SEE SCREENSHOT for question A and B

Equivalent Units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Winding Department Drawing Department 8,800 units, 25% 2,100 units, 90% Work in process, November 1 completed completed Completed and transferred to next processing 120,600 units 119,800 units department during November 6,700 units, 75% 2,900 units, 30% Work in process, November 30 completed completed 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 November for the Drawing Department. If an amount is zero, enter in "O". Drawing Department Direct Materials and Conversion Equivalent Units of Production For November Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, November 1 8,800 V Started and completed in November Transferred to Winding Department in November 120,600 v Inventory in process, November 30 6,700 V 6,700 Total Feedback TCheck My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in ending work in process inventory with respect to materials and conversion? 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 November for the Winding Department. If an amount is zero, enter in "0". Winding Department Direct Materials and Conversion Equivalent Units of Production For November Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, November 1 Started and completed in November Transferred to finished goods in November Inventory in process, November 30 Total
Transcribed Image Text:Equivalent Units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Winding Department Drawing Department 8,800 units, 25% 2,100 units, 90% Work in process, November 1 completed completed Completed and transferred to next processing 120,600 units 119,800 units department during November 6,700 units, 75% 2,900 units, 30% Work in process, November 30 completed completed 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 November for the Drawing Department. If an amount is zero, enter in "O". Drawing Department Direct Materials and Conversion Equivalent Units of Production For November Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, November 1 8,800 V Started and completed in November Transferred to Winding Department in November 120,600 v Inventory in process, November 30 6,700 V 6,700 Total Feedback TCheck My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in ending work in process inventory with respect to materials and conversion? 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 November for the Winding Department. If an amount is zero, enter in "0". Winding Department Direct Materials and Conversion Equivalent Units of Production For November Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, November 1 Started and completed in November Transferred to finished goods in November Inventory in process, November 30 Total
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