Information for the mixing department for October is as follows: Work in process, October 1: No. of units (45% complete) 7,200 Direct materials $42,000 Direct labor $50,400 Overhead $14,400 During October, 38,400 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: Direct materials $144,000 Direct labor $192,000 Overhead $ 60,000 By October 31, 3,600 units that were 85% complete remained in the mixing department. Eclypso uses the weighted average method. Which of the following is Eclypso's cost of ending work in process for the mixing department for October? (Note: Round your calculation and final answer to two decimal places.) Oa. $37,117.80 Ob. $29,200.60 Oc. $27,500.40 Od. $22,520.50

Information for the mixing department for October is as follows: Work in process, October 1: No. of units (45% complete) 7,200 Direct materials $42,000 Direct labor $50,400 Overhead $14,400 During October, 38,400 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: Direct materials $144,000 Direct labor $192,000 Overhead $ 60,000 By October 31, 3,600 units that were 85% complete remained in the mixing department. Eclypso uses the weighted average method. Which of the following is Eclypso's cost of ending work in process for the mixing department for October? (Note: Round your calculation and final answer to two decimal places.) Oa. $37,117.80 Ob. $29,200.60 Oc. $27,500.40 Od. $22,520.50

Name: Eclypso Inc. manufactures a product that passes through two processes
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Description: Eclypso Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are addeduniformly in the mixing department.Information for the mixing department for October is as follows:Work in process, October 1

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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Eclypso Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for October is as follows: Work in process, October 1: No. of units (45% complete) 7,200 Direct materials $42,000 Direct labor $50,400 Overhead $14,400 During October, 38,400 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: Direct materials $144,000 Direct labor $192,000 Overhead $ 60,000 By October 31, 3,600 units that were 85% complete remained in the mixing department. Eclypso uses the weighted average method. Which of the following would be Eclypso's cost of goods that was transferred to the molding department during October? (Note: Round your calculation to two decimal places and the final answer to the nearest whole dollar.) Oa, $261,050 Ob, $294,000
The following information is available for Department C for the month of August: Units Cost Work in process, August 1 (70% complete) 10,000 Direct materials $36,000 Direct labor 18,000 Manufacturing overhead 24,000 Total work in process, August 1 $78,000 Started in production during August 40,000 Costs added: Direct materials $108,000 Direct labor 48,000 Manufacturing overhead 61,040 Total costs added during August $217,040 Work in process, August 31 (80% complete) 4,000 Units completed and transferred out 42,000 Materials are added at the beginning of the process. Inspection takes place at the 50% point in the conversion process to determine spoiled units. (Round unit costs to two decimal places.) The company uses the weighted average cost flow assumption. Department C's equivalent units of production for conversion using the weighted average costing method are a. 50,000. b. 54,000. c. 44,800. d. 47,200.
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Lopez Company started and completed Job 9, produced 10,000 units, during previous month. Cost incurred were as follows: Dept. A, Direct Materials $3,000; Direct Labor $10,000; Variable overhead $1,000; Fixed overhead $1,500. Dept. B, Direct Material $5,000; Direct Labor $22,000; Variable overhead $3,000; Fixed overhead $4,500. Dept. C, Direct Material $6,000; Direct Labor $24,000; Variable overhead $3,000; Fixed overhead $4,500. Under the full absorption costing, what is the value of ending inventory if 6,000 units were sold under Job 9? $35,000 $30,800 $52,200 $46,200