Fabert Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 16,000 units in its beginning work in process inventory that were 40% complete with respect to conversion costs. An additional 60,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 65,000 units were completed in the Assembly Department and transferred to the next processing department. There were 11,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month? Multiple Choice 55.000 64,100 70.500 65,000

Fabert Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 16,000 units in its beginning work in process inventory that were 40% complete with respect to conversion costs. An additional 60,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 65,000 units were completed in the Assembly Department and transferred to the next processing department. There were 11,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month? Multiple Choice 55.000 64,100 70.500 65,000

Name: Fabert Corporation uses the weighted-average method in its process co
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Description: Fabert Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 16,000 units in its beginning work inprocess inventory that were 40% complete with respect to conversion costs. An addi

FINANCIAL ACCOUNTING

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process Inventory In Its Painting Department consisted of 3,400 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process Inventory in the department was recorded as $10,200. During the period, 9,400 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $5.40 for material and $6.40 for conversion costs. The cost of units transferred out during the month was: Multiple Choice $83,600 О $110,920 $66,000 $60,160
Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,550 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,920. An additional 90,100 units were started into production during the month and 93,100 units were completed in the Welding Department and transferred to the next processing department. There were 14,550 units in the ending work in process inventory of the Welding Department that were 90% complete with respect to conversion costs. A total of $203,500 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to: Multiple Choice A. $2.020 B. $2.255 C. $1.991 D. $2.329
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $678,234 in total. The ending work in process inventory in January consisted of 3,400 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Cost per equivalent unit Required: $ 13.80 $ 3.20 Overhead $ 7.50 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in…
Superior Micro Products uses the weighted - average method of process costing. During January, the Assembly Department completed its processing of 26,300 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January totaled $699,230. The ending work in process inventory in January consisted of 3,500 units, which were 50% complete for materials and 30% complete for labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $ 14.30 $ 3.70 $ 7.20 Required: For January: Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total. Prepare a cost reconciliation report.
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Annenbaum Corporation uses the weighted - average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6, 200 65% Conversion costs $ 7,300 45% A total of 7,500 units were started and 6,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 126,000 Conversion costs $ 207,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month is closest to: Multiple Choice $26.59 $31.52 $28.72 $30.25
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