Physical Flow Schedule Nelrok Company manufactures fertilizer. Department 1 mixes the chemicals required for the fertilizer. The following data are for the year: BWIP (40% complete) Units started Units in EWIP (60% complete) Required: Prepare a physical flow schedule. Nelrok Company Physical Flow Schedule Units to account for: Units in beginning work in process Units started Total units to account for Units accounted for: Completed from beginning work in process Started and completed Units in ending work in process Total units accounted for 27,500 142,500 35,000

Physical Flow Schedule Nelrok Company manufactures fertilizer. Department 1 mixes the chemicals required for the fertilizer. The following data are for the year: BWIP (40% complete) Units started Units in EWIP (60% complete) Required: Prepare a physical flow schedule. Nelrok Company Physical Flow Schedule Units to account for: Units in beginning work in process Units started Total units to account for Units accounted for: Completed from beginning work in process Started and completed Units in ending work in process Total units accounted for 27,500 142,500 35,000

Name: Physical Flow ScheduleNelrok Company manufactures fertilizer. Departm
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Description: Physical Flow ScheduleNelrok Company manufactures fertilizer. Department 1 mixes the chemicals required for the fertilizer. The following data are for the year:BWIP (40% complete)Units startedUnits in EWIP (60% complete)Required:Prepare a physical f

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 30E: Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process...

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Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year: Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead. Required: Prepare a production report for the Mixing Department for the current year.
Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year: Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead. The cost of goods transferred out for the year is: a. 4,471,200 b. 3,571,200 c. 3,780,000 d. 3,024,000
Using the same data found in Exercise 6.22, assume the company uses the FIFO method. Required: Prepare a schedule of equivalent units, and compute the unit cost for the month of December. Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was 40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Costs in beginning work in process for the Polishing Department were direct materials, 5,000; conversion costs, 6,000; and transferred in, 8,000. Costs added during the month: direct materials, 32,000; conversion costs, 50,000; and transferred in, 40,000.
Data for the two departments of Kimble Pierce Company for June of the current fiscal year are as follows: Production begins in the Drawing Department and finishes in the Winding Department. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for (a) the Drawing Department and (b) the Winding Department.
Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: With respect to conversion costs. Required: 1. Prepare a physical flow schedule for July. 2. Prepare an equivalent units schedule for July using the FIFO method. 3. What if 60 percent of the materials were added at the beginning of the process and 40 percent were added at the end of the process (all ingredients used are treated as the same type or category of materials)? How many equivalent units of materials would there be?
Physical Flow Schedule Nelrok Company manufactures fertilizer. Department 1 mixes the chemicals required for the fertilizer. The following data are for the year: BWIP (40% complete) 45,000 Units started 142,500 Units in EWIP (60% complete) 35,000 Required: Prepare a physical flow schedule. Nelrok CompanyPhysical Flow Schedule Units to account for: Units in beginning work in process fill in the blank 1 Units started fill in the blank 2 Total units to account for fill in the blank 3 Units accounted for: Completed from beginning work in process fill in the blank 4 Started and completed fill in the blank 5 Units in ending work in process fill in the blank 6 Total units accounted for fill in the blank 7 Feedback Partially correct Check My Work
Weighted Average Method, FIFO Method, Physical Flow, EquivalentUnits Heap Company manufactures a product that passes through two processes: Fabrication and As-sembly. The following information was obtained for the Fabrication Department for September: a. All materials are added at the beginning of the process.b. Beginning work in process had 80,000 units, 30 percent complete with respect to conversioncosts.c. Ending work in process had 17,000 units, 25 percent complete with respect to conversioncosts.d. Started in process, 95,000 units.Required:1. Prepare a physical flow schedule.2. Compute equivalent units using the weighted average method.3. Compute equivalent units using the FIFO method.
Physical Flow Schedule The following information was obtained for the grinding department ofHarlan Company for May:a. BWIP had 91,500 units, 30% complete with respect tomanufacturing costs.b. EWIP had 25,200 units, 25% complete with respect tomanufacturing costs.c. Started 99,000 units in May.Required:Prepare a physical flow schedule.
Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 88,500 units, 25 percent complete with respect to conversion costs. Ending work in process had 17,000 units, 40 percent complete with respect to conversion costs. Started in process, 105,400 units. Required: Question Content Area 1. Prepare a physical flow schWeighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: 1. All materials are added at the beginning of the process. 2. Beginning work in process had 88,500 units, 25 percent complete with respect to…
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Show Transcribed Text Units 72,000 382,000 360,000 94,000 The production department had the cost information below. Beginning work in process inventory Direct materials Costs added this period Direct materials Conversion Total costs to account for 3 Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 Direct Materials Percent Complete 70% $ 167,920 38,028 80% 1,115,920 777,192 C Exercise 3-9 (Algo) Weighted average: Cost per equivalent unit; costs assigned to output and inventory LO P1 $ 205,948 Conversion 1,893,112 $ 2,099,060 Percent Complete a. Compute cost per…
Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available. Work in process, August 1 (65% complete with respect to conversion) Started in August Completed Work in process, August 31 (71% complete with respect to conversion) Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. a. Using the weighted-average method b. Using the FIFO method Equivalent Units Materials 17,700 118,900 118,900 17,700 Conversion Costs
a. Calculate the equivalent units for the Forming Department for the month of August. b. Find the cost per equivalent unit of direct materials and conversion associated with the units transferred during the month. (Round your answers to 2 decimal places.)