Jakarta Bike manufactures bicycles and tricycles. For both products, materials are usually added at the beginning of the production process, and conversion costs are incurred uniformly. However, the materials for the ending work in process in March are only added 80%. both bicycles and tricycles. Jakarta Bike uses the FIFO method to compute equivalent units. Production and cost data for the Assembly Department for March are as follows. Percentage Complete as to Conversion Costs Production Data-Bicycles Units Work in process units, March 1 200 80% Units started into production 1,000 Work in process units, March 31 300 40% Cost Data-Bicycles Work in process, March I Costs added during March Direct materials $19,280 50,000 Direct labor 25,900 Manufacturing overhead 30,000 Percentage Complete as to Conversion Costs Production Data-Tricycles Units Work in process units, Marchl 100 75% Units started into production 1,000 25% Work in process units, March 31 Cost Data-Tricyeles 60
Jakarta Bike manufactures bicycles and tricycles. For both products, materials are usually added at the beginning of the production process, and conversion costs are incurred uniformly. However, the materials for the ending work in process in March are only added 80%. both bicycles and tricycles. Jakarta Bike uses the FIFO method to compute equivalent units. Production and cost data for the Assembly Department for March are as follows. Percentage Complete as to Conversion Costs Production Data-Bicycles Units Work in process units, March 1 200 80% Units started into production 1,000 Work in process units, March 31 300 40% Cost Data-Bicycles Work in process, March I Costs added during March Direct materials $19,280 50,000 Direct labor 25,900 Manufacturing overhead 30,000 Percentage Complete as to Conversion Costs Production Data-Tricycles Units Work in process units, Marchl 100 75% Units started into production 1,000 25% Work in process units, March 31 Cost Data-Tricyeles 60
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
calculate the equivalent units of production for materials and conversion costs for both bicycles and tricycles
Transcribed Image Text:Adobe Acrobat
Jakarta Bike manufactures bicycles and tricycles. For both products, materials are usually added at the
beginning of the production process, and conversion costs are incurred uniformly. However, the materials
for the ending work in process in March are only added 80%. both bicycles and tricycles. Jakarta Bike
uses the FIFO method to compute equivalent units. Production and cost data for the Assembly
Department for March are as follows.
Percentage
Complete as to
Conversion Costs
Production Data-Bicycles
Units
Work in process units, March 1
200
80%
Units started into production
1,000
Work in process units, March 31
300
40%
Cost Data-Bicycles
Work in process, March I
Costs added during March
Direct materials
$19,280
50,000
Direct labor
25,900
Manufacturing overhead
30,000
Percentage
Complete as to
Conversion Costs
Production Data-Tricycles
Unlts
Work in process units, Marchl
100
75%
Units started into production
1.000
Work in process units, March 31
60
25%
Cost Data-Tricycles
317ode in nenaae Marah L
L English (United States)
14
75%
26°C A
2:54 AM
22-Sep-21
Transcribed Image Text:Percentage
Complete as to
Conversion Costs
Production Data-Bicycles
Units
Work in process units, March 1
Units started into production
200
80%
1,000
Work in process units. March 31
300
40%
Cost Data-Bicycles
Work in process, March 1
Costs added during March
$19.280
Direct materials
50,000
25,900
30.000
Direct labor
Manufacturing overhead
Percentage
Complete as to
Conversion Costs
Production Data-Tricycles
Units
Work in process units, March 1
100
75%
Units started into production
1.000
Work in process units, March 31
60
25%
Cost Data-Tricycles
Work in process, March 1
$ 6,125
Costs added during March
Direct materials
30,000
Direct labor
14,300
Manufacturing overhead
20,000
(United States)
2:54
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