if the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are how many?

if the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are how many?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1EA: How many units were started into production in a period if there were zero units of beginning work...

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Regarding your ansWhat would be the answers for: 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.
1. What is the total Conversion Cost per Equivalent Unit? 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor. 4.
If the percentage of completion is 40%, why are we multiplying units of ending work in process for conversion cost by 80%?
C) what's is the cost per equivalent unit for materials ? ( round your answer to 2 decimal places.) D) what is the cost equivalent unit for conversion? (Round your answer to 2 decimal places.) E) what is the cost of units transferred out? (Round your cost per equivalent unit to 2 decimal places.)
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 800,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 194,000 units that are 80% complete with respect to conversion. Beginning work in process inventory had $516,880 of direct materials and $191,040 of conversion cost. The direct material cost added in November is $3,459,120, and the conversion cost added is $3,629,760. Beginning work in process consisted of 79,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 79,000 were from beginning work in process and 721,000 units were started and completed during the period.
How many units were completed on these accounting question?
For a typical order, assume the following times (in hours): storage time (in between processes),5.0; inspection time, 1.0; move time (from process to process), 2.0; and manufacturing (processing) time, 8.0. Given this information, what is the manufacturing cycle efficiency (%), roundedto 1 decimal place (e.g., 45.156% = 45.2%)? (Hint: Refer to Exhibit 14.14 and accompanyingdiscussion.)
Equivalent units of production are equal to: 17 Multiple Cholce 00:52:10 The number of whole units that could have been started and completed given the costs incurred In the perlod. The number of units still in process at the end of a perlod. Physical units that were started and completed during a period. The number of units started into the process during a period. The number of finished units actually produced during a period.
a company uses process costing, weighted-average method in its production. if the equivalent units of conversion cost are a total of 15000 units and the completed units are 10000 units. what is the stage of completion of the total of 25000 units that are still being processed at the end of the period?
For a typical order, assume the following times (in hours): storage time (in between processes), 4.0; inspection time, 2.0; move time (from process to process), 3.0; and manufacturing (processing) time, 6.0. Given this information, what is the manufacturing cycle efficiency (%)? (Hint: Refer to Exhibit 14.14.) (Round your answer to 1 decimal place. (e.g., 32.463% = 32.5%))
1. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 2. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.3. Cost per Equivalent Unit for Direct Material is calculated by dividing $......... by 580,000 DM Equivalent Units.
5. Using the following terms, prepare the worksheet to show the calculation to answer the question: Units completed and transferred out Cost per material Cost per conversion Equivalent units conversion Cost of units transferred out Units started and completed in production Total units to account for Total ending work in process Ending work in process materials Ending work in process conversion Cost per unit conversion Costs to account for Question: A company has 1,500 units in ending work in process that are 30% complete after transferring out 10,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $7 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Terms Dollars ? ? Ending work in process: x ? ? ? ? ? ?