Monga manufactures cell phones. The conversion costs to produce cell phones for November are added evenly throughout the process in the Assembly Department. The company uses the weighted-average method. For each of the following separate assumptions, calculate the equivalent units of production for conversion costs in the ending Work-in-Process Inventory for the Assembly Department: 1. 6,000 cell phones were 75% complete 2. 26,000 cell phones were 25% complete First, determine the formula for calculating equivalent units of production. Equivalent units of production Assumption 1. 6,000 cell phones were 75% complete. The equivalent units for conversion costs is Assumption 2. 26,000 cell phones were 25% complete The equivalent units for conversion costs is
Monga manufactures cell phones. The conversion costs to produce cell phones for November are added evenly throughout the process in the Assembly Department. The company uses the weighted-average method. For each of the following separate assumptions, calculate the equivalent units of production for conversion costs in the ending Work-in-Process Inventory for the Assembly Department: 1. 6,000 cell phones were 75% complete 2. 26,000 cell phones were 25% complete First, determine the formula for calculating equivalent units of production. Equivalent units of production Assumption 1. 6,000 cell phones were 75% complete. The equivalent units for conversion costs is Assumption 2. 26,000 cell phones were 25% complete The equivalent units for conversion costs is
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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![Monga manufactures cell phones. The conversion costs to produce cell phones for November are added
evenly throughout the process in the Assembly Department. The company uses the weighted-average
method. For each of the following separate assumptions, calculate the equivalent units of production for
conversion costs in the ending Work-in-Process Inventory for the Assembly Department:
1. 6,000 cell phones were 75% complete
2. 26,000 cell phones were 25% complete
First, determine the formula for calculating equivalent units of production.
Equivalent units of production
Assumption 1. 6,000 cell phones were 75% complete.
The equivalent units for conversion costs is
Assumption 2. 26,000 cell phones were 25% complete
The equivalent units for conversion costs is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd6240d56-dcb3-4cfb-a02f-9cbd5a5152e3%2Faf061acf-cc9e-47e5-a677-f2b617e0757e%2F8pzggy_processed.png&w=3840&q=75)
Transcribed Image Text:Monga manufactures cell phones. The conversion costs to produce cell phones for November are added
evenly throughout the process in the Assembly Department. The company uses the weighted-average
method. For each of the following separate assumptions, calculate the equivalent units of production for
conversion costs in the ending Work-in-Process Inventory for the Assembly Department:
1. 6,000 cell phones were 75% complete
2. 26,000 cell phones were 25% complete
First, determine the formula for calculating equivalent units of production.
Equivalent units of production
Assumption 1. 6,000 cell phones were 75% complete.
The equivalent units for conversion costs is
Assumption 2. 26,000 cell phones were 25% complete
The equivalent units for conversion costs is
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