stions | bartlebyG How many units must be in...My HomeCengageNOWv2| OnlineBookHow many units must have been completed and transferred if beginning inventory was 79,000 units, endinginventory was 76,000 units, and 295,000 units were started?Units completed and transferred

Answered: How many units must have been completed…

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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Question. Abnormal spoilage is 155 units and normal spoilage is 620 units. Beginning work-in-process inventory consisted of 8,800 units; 24,000 units were started; and 26,600 units were completed this period. How many units are in ending work-in-process?
Compute for Equivalent Units of Production by preparing a Quantity Schedule
Haze Company had 6,400 units of work-in-process inventory in department A on October 1, 2022. These units were 60% complete as to conversion. Direct materials are added at the beginning of the process. During the month of October, 27,200 units were started and 28,800 units were completed. Waling-Waling had 4,800 units of work-in-process inventory on October 31, 2022. These units were 20% incomplete as to conversion cost.By how much did the direct materials EUP for the month of October using average method exceed the direct materials EUP for the same month using FIFO method? By how much did the conversion cost EUP for the month of October using average method exceed the conversion EUP for the same month using FIFO method?
Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. Beginning Work in Process Ending Work in Process Conversion Conversion Complete Complete (percent) (percent) Month February June September December Units 2,000 4,700 3,800 48 66 27 39 Units Started 23,900 26,400 22,900 Units Completed 23 36 59 76 Units Started and Completed
A production department within a company received materials of $8,000 and conversion costs of $11,000 from the prior department. It added material of $23,280 and conversion costs of $42,550. The equivalent units are 17,000 for material and 15,300 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials $ Conversion $
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Beginning Work-in-Process is 2,000 units; 44,000 units completed, and ending Work-in-Process is3,000 units, which are 100% complete for direct materials and 50% complete for conversion costs. Thebeginning WIP Inventory is 100% complete for direct materials and 50% complete for conversion.Required1. What are the equivalent units for materials and conversion using the weighted-average method2. What are the equivalent units for materials and conversion using the FIFO method?
Assume that 6,000 units were in beginning WIP inventory, 36,000 were started, 32,000 were completed, and 10,000 were in ending WIP inventory. Direct materials are added at the beginning of the process. What are the total equivalent units for direct materials?
Compute the Equivalent units of production (EUP):Units received from preceding department 25,000 unitsUnits completed and transferred 14,000 unitsUnits in process, end (30% incomplete) 11,000 unitsCompute the equivalent production for conversion if 40% of materials are added at the beginning and the remaining 60% are added 75% completed
Required information [The following information applies to the questions displayed below.] Units of Percent of Blending Process Beginning work in process Product Conversion 164,000 345,000 375,000 134,000 85% Goods started 100 Goods completed Ending work in process 100 40 Compute the total equivalent units of production for conversion using the weighted-average method. Equivalent units of production (EUP) with respect to conversion - weighted average method Units % Conversion EUP Total
takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3Dfalse Calculator A company started the month with 8,333 units in work in process inventory. It started 23,146 units and had an ending inventory of 9,322. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred out Previous Next Email Instructor Submit Test for Grading All work saved. 5:18 PM 10/2/2020 arch O
What is the total amount of product costs incurred to make 10,000 units?

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How many units must have been completed and transferred if beginning inventory was 79,000 units, ending inventory was 76,000 units, and 295,000 units were started? Units completed and transferred