Financial Account - On March 1, 2019, Baltimore Company's beginningwork in process inventory had 6,500 units. This is its only productiondepartment. Beginning WIP units were 50% complete's to conversioncosts. Baltimore introduces direct materials at the beginning of theproduction process. During March, a total of 28,800 units were startedand the ending WIP inventory had 7,800 units which were 30%complete's to conversion costs. Baltimore uses the weighted averagemethod.Use this information to determine for March 2019 the equivalent units ofproduction for conversion costs.

To calculate the equivalent units of production (EUP) for conversion costs using the…

Answered: Financial Account - On March 1, 2019,…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....

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Questions:-General Account - On March 1, 2019, Alpha Company's beginning work-in-process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% completed to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 15,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 3,000 units which were 70% completed to conversion costs. Alpha uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs
Questions:- On March 1, 2019, Alpha Company's beginning work-in-process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% completed to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 15,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 3,000 units which were 70% completed to conversion costs. Alpha uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs
Subject:-- General Account - On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 36,000 units were started. At the end of the month all started units were 75% complete with respect to conversion. Direct Materials placed into production had a total cost of $310,000 and the total conversion cost for the month was $483,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March. (Round the answer to the nearest cent.)
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Subject:- General Account - On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 39,000 units were started. At the end of the month all started units were 60% complete with respect to conversion. Direct Materials placed into production had a total cost of $395,000 and the total conversion cost for the month was $408,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round the answer to the nearest cent.)
March 1, 2019, Baltimore Company's beginning work in process inventory had 6,000 units. This is its only production department. Beginning WIP units were 50% finished as to conversion costs. Baltimore introduces direct materials at the beginning of the production process. During March, a total of 26,400 units were started and the ending WIP inventory had 5,400 units which were 30% finished as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.
On March 1, 2019, Baltimore Company's beginning work in process inventory had 9,500 units. This is its only production department. Beginning WIP units were 50% done as to conversion costs. Baltimore introduces direct materials at the beginning of the production process. During March, a total of 22,400 units were started and the ending WIP inventory had 6,200 units which were 60% done as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round the answer to the nearest whole number of units.)
On March 1, 2019, Baltimore Company's beginning work in process inventory had 6,000 units. This is its only production department. Beginning WIP units were 50% complete to conversion costs. Baltimore introduces direct materials at the beginning of the production process. During March, a total of 23,200 units were started and the ending WIP inventory had 8,600 units which were 30% complete to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.
Using the information below, prepare a Cost of Production Report for CD Corporation's Packaging Department for May 2019 On May 1, 2019 the following were reported: Inventory In-Process-Packaging (5,500 units, 20% complete) Finished Goods (700 units at $7.25 a unit) 17,500 5,075 The following were charged to Work in Process- Packaging during May: Direct Materials transferred from Mixing 14,000 units @ $6.25 a unit. 87,500 Direct Labor 12,000 Factory Overhead 4,800 During May -15,500 units were transferred to finished goods and 13,700 units were sold. On May 30 Inventory was as follows Inventory in Process - Packaging: 4,000 units (40% complete) Finished Goods - 2,500 units
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Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $27,700, Work in Process—Mixing $0, Work in Process—Packaging $254,200, and Finished Goods $294,200. The beginning inventory for Packaging consisted of 13,000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 54,700 units were started into production in the Mixing Department and the following transactions were completed. 1. Purchased $304,400 of raw materials on account. 2. Issued raw materials for production: Mixing $212,500 and Packaging $49,000. 3. Incurred labor costs of $284,300. 4. Used factory labor: Mixing $186,500 and Packaging $97,800. 5. Incurred $956,400 of manufacturing overhead on account. 6. Applied manufacturing overhead on the basis of $22 per machine hour.…
LOLITA COMPANY Lolita Company has the following information available for June 2020: Beginning Work in Process Inventory (25% complete as to conversion) 20,000 units Started 130,000 units Ending Work in Process Inventory (75% complete as to conversion) 30,000 Units Beginning Work in Process Inventory Costs: Material P 4,400 Conversion 17,250 Current Period Costs: Material P 52,000 Conversion 82,500 All material is added at the start of production and all products completed are transferred out. 1. Prepare a cost of production report using FIFO method. 2. Prepare a cost of production report using weighted-average method.

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