March 1, 2019, Dorchester Company's beginning work in processinventory had 10,000 units. This is its only production department.Beginning WIP units were 50% completed as to conversion costs.Dorchester introduces direct materials at the beginning of theproduction process. During March, all beginning WIP was completedand an additional 12,500 units were started and completed. Dorchesteralso started but did not complete 5,500 units. These units remained inthe ending WIP inventory and were 60% completed as to conversioncosts. Dorchester uses the weighted average method.Use this information to determine for March 2019 the equivalentunits of production for conversion costs.

Equivalent units = 100% of Beginning Inventory completed + Additional units started and completed +…

Answered: March 1, 2019, Dorchester Company's…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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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
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.)
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.)
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.)
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
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- Questions On March 1, 2019, Baltimore Company's beginning work in process inventory had 10,000 units. This is its only production department. Beginning WIP units were 50% complete 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 8,200 units which were 50% complete 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.
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"Gardenia Company uses the weighted-average method. It had P8,000 of conversion cost in the beginning Work in Process Inventory ånd added P64,000 of conversion cost during 2019. The company completed 40,000 equivalent units for conversion costs during the year. The company had 10,000 units in the ending Work in Process Inventory that were 30% complete as to conversion. 25. The amount of conversion cost assigned to the unit in process. a. P12,600 b. P 5,400 c. P11,200 d. P 4,800
Product X is produced in department A and transferred to the finished goods warehouse whencompleted.The 4,800 units in WIP at 1 March 2022 were 20% complete. A total of 172,800 units were startedduring March 2022 and 169,800 units were completed and transferred out. On 31 March 2022,7,800 units remained uncompleted. The ending WIP inventory was 40% complete.In department A, direct material is added at the beginning of the manufacturing process whilstconversion costs are incurred evenly throughout the manufacturing process. Question:Compute the equivalent unit for each product cost category in department B for the month ofMarch 2022 using the weighted average cost method and FIFO method.
The following are information provided for Norman Company for the month of August 2019 (refer to the attached picture): Raw materials purchased during the period costs P40,800; overhead incurred and paid or accrued for the period was P21,750; and 23,600 direct labor hours were incurred at a rate of P13.75 per hour. inventories beginning ending raw materials 9900 7600 work in process 44500 31800 finished goods 36580 61300 1. conversion cost 3. total manufacturing cost 4. cost of goods put into process 5. cost of goods manufactured 6. cost of goods sold

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