None On June 1, the soldering department had 430 units in inventory.The department transferred 7,100 units to the next departmentduring June and there were 500 units in inventory on June 30.How many units were received and started by the departmentduring June?A. 6,670B. 7,170C. 7,030D. 7,600

Step 1: Define Inventory ManagementThe inventory for a firm is categorized into raw materials…

Answered: On June 1, the soldering department had…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8PA: The finishing department started the month with 700 units in WIP inventory. It received 2.200 units...

See similar textbooks

Similar questions

The finishing department started the month with 700 units in WIP inventory. It received 2.200 units from the molding department and transferred out 2,150 units. How many units were in process at the end of the month?
Marzons records show raw materials Inventory had a beginning balance of $200 and an ending balance of $300. If the cost of materials used during the month was $900, what were the purchases made during the month?
Norwood Co. had 200 units in work in process at the beginning of the month. During the month, 7,500 units were started in production, 6,800 of which, along with the beginning work in process, were completed by the end of the month. The uncompleted units were in ending inventory, one-half complete. What were the equivalent units of production for the month?
The packaging department began the month with 500 units that were 100% complete with regard to material and 85% complete with regard to conversion. It received 9,500 units from the processing department and ended the month with 750 units that were 100% complete with regard to materials and 30% complete with regard to conversion. With a $5 per unit cost for conversion and a $5 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory?
Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials inventory balance of $200. If the cost of materials used during the month was $900, what was the beginning inventory?
A company started the month with 4,519 units in work in process inventory. It started 15,295 units and had an ending inventory of 4,936. The units were 100% complete to materials and 30% complete with conversion. How many units were transferred out during the period?
The packaging department began the month with 750 units that were 100% complete with regard to material and 25% complete with regard to conversion. It received 9,500 units from the processing department and ended the month with 500 units that were 100% complete with regard to materials and 75% complete with regard to conversion. With a $7 per unit material cost and a $4 per unit cost for conversion, what is the cost of the units transferred out and remaining in ending inventory?
The finishing department started the month with 600 units in WIP inventory. Lt received 1,500 units from the molding department and ended the month with 550 units still in process. How many units were transferred out?
The Assembly Department of Interface, Inc., manufacturer of computers, had 4,500 units of beginning inventory in September, and 8,000 units were transferred to it from the Production Department. The Assembly Department completed 4,000 units during the month and transferred them to the Packaging Department. The weighted-average method is used. Calculate the total number of units to account for by the Assembly Department. A. 8,000 units B. 12,500 units C. 3,500 units D. 4,500 units
The Assembly Department of Interface, Inc., manufacturer of computers, had 500 units of beginning inventory in September, and 4,000 units were transferred to it from the Production Department. The Assembly Department completed 2,000 units during the month and transferred them to the Packaging Department. The weighted−average method is used. Calculate the total number of units to account for by the Assembly Department. A. 500 units B. 4,000 units C. 3,500 units D. 4,500 units
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (39% completed) 5,000 units Completed units during June 65,000 units Ending inventory (58% complete) 4,300 units What is the number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories? a.69,300 units b.60,000 units c.64,300 units d.2,494 units
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (33% completed) 6,000 units Completed units during June 63,900 units Ending inventory (56% complete) 3,400 units The number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories, is Oa. 61,300 units Ob. 57,900 units Oc. 1,904 units Od. 67,300 units

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

On June 1, the soldering department had 430 units in inventory. The department transferred 7,100 units to the next department during June and there were 500 units in inventory on June 30. How many units were received and started by the department during June? A. 6,670 B. 7,170 C. 7,030 D. 7,600