**Production Process Overview:**Pizza Company produces frozen pizzas through a three-step process: assembly, freezing, and packaging. Within the assembly department, crust ingredients are initially added, followed by sauce, cheese, and toppings at the end of the assembly process. Conversion costs are distributed evenly.**Assembly Department Data:**- **Beginning Work in Process (WIP) Inventory:** 0 units- **Units Started:** 22,000 units- **Units Completed/Transferred to Freezing:** 19,800 units- **Ending WIP (70% through assembly):** 2,200 units**Costs Incurred:**- **Crust Ingredients Added:** $31,000- **Cheese Added:** $16,000- **Sauce and Toppings Added:** $8,000- **Direct Labor:** $22,216- **Manufacturing Overhead:** $5,486**Question:**At the end of the period, what are the total equivalent units for cheese, sauce, and toppings?**Options:**- 19,800- 2,200- 21,340- 22,000**Explanation:**To find the total equivalent units for cheese, sauce, and toppings, consider the units completed and the percentage completion of ending WIP.

Name: **Production Process Overview:**Pizza Company produces frozen pizzas
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: **Production Process Overview:**Pizza Company produces frozen pizzas through a three-step process: assembly, freezing, and packaging. Within the assembly department, crust ingredients are initially added, followed by sauce, cheese, and toppings at t

Weighted average cost and FIFO are two mainly used methods in process costing. Equivalent units…

Business

Accounting

Pizza Company produces frozen pizzas in three departments. assembly, freezing and packaging. In assembly, crust ingredients are added at the beginning of the process. After the crust is made, the sauce, cheese, and toppings are added at the end of the process. Conversion costs are added evenly. Data for the assembly department includes: Beginning WIP inventory Units started Units completed/transferred to freezing Ending WIP (70% through assembly) Crust ingredients added Cheese added Sauce and toppings added Direct labour Manufacturing overhead At the end of the period, what are the total equivalent units for cheese, sauce and toppings? 19,800 2,200 21,340 0 units 22,000 units 19,800 units 2,200 units 22,000 $31,000 $16,000 $8,000 $22,216 $5,486

Pizza Company produces frozen pizzas in three departments. assembly, freezing and packaging. In assembly, crust ingredients are added at the beginning of the process. After the crust is made, the sauce, cheese, and toppings are added at the end of the process. Conversion costs are added evenly. Data for the assembly department includes: Beginning WIP inventory Units started Units completed/transferred to freezing Ending WIP (70% through assembly) Crust ingredients added Cheese added Sauce and toppings added Direct labour Manufacturing overhead At the end of the period, what are the total equivalent units for cheese, sauce and toppings? 19,800 2,200 21,340 0 units 22,000 units 19,800 units 2,200 units 22,000 $31,000 $16,000 $8,000 $22,216 $5,486

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the cutting process. The following information is available regarding its May inventories: Beginning Inventory Ending Inventory Raw materials inventory $ 6,000 $ 9,250 Work in process inventory—Cutting 43,500 51,500 Work in process inventory—Stitching 63,300 60,500 Finished goods inventory 20,100 8,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 25,000 Direct materials used—Cutting 21,750 Direct materials used—Stitching 0 Direct labor Direct labor—Cutting $ 15,600 Direct labor—Stitching 62,400 Factory Overhead (Actual costs) Indirect materials used $ 6,000 Indirect labor used 55,000 Other overhead costs 46,505 Factory Overhead Rates Cutting 150% of direct materials used…
Sheridan Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process inventory accounts show the following debits. Beginning work in process Direct materials Direct labor Manufacturing overhead Costs transferred in April 30 30 Cooking 30 $0 30 23,940 9,690 35,910 Journalize the April transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Canning $4,560 Date Account Titles and Explanation 10,260 (To record materials used) 7,980 29,480 60,420 (To assign direct labour to production) (To assign overhead to production) (To record transfer of units to the Canning Department) Debit Credit
Required information [The following information applies to the questions displayed below.] Dengo Company makes a trail mix in two departments: Roasting and Blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. October data for the Roasting department follow. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Beginning work in process inventory Costs added this period Direct materials Conversion Total costs to account for Units 4,300 20,500 24,800 3,700 $ 309,760 1,382,724 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 40% $ 124,510 1,692,484 $ 1,816,994 80%
Devereaux Cycles makes three models of scooter: Commuter, Sport, and X-treme. The scooters are produced in four departments: Assembly, Detailing, Customization, and Packaging. All three models are started in Assembly, where all materials are assembled. The Commuter is then sent to Packaging, where it is packaged and transferred to finished goods inventory. The Sport is then transferred to Detailing. Once the detailing process is completed, the Sport models are transferred to Packaging and then finished goods. The X- Treme model is assembled and then transferred to Customization, and then Packaging. When packaged, it is transferred to finished goods. Data for February are shown in the following table. Conversion costs are allocated based on the number of units processed in each department. No work-in-process inventories are maintained in any department. Materials Conversion costs: Assembly Detailing Customization Packaging Total conversion costs Commuter Sport X-Treme Total $ 3,694,000…
Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information Conversion costs are applied evenly throughout the process. Beginning WIP Inventory Transferred-in costs in beginning WIP Inventory Direct materials cost in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred-in Transferred-in costs Units completed Costs added: direct materials Costs added: conversion costs Ending WIP Inventory (40% complete for materials and 30% complete for conversion) The total cost of units in ending WIP Inventory-Shaping would be closest to A. $54,720. OB. $341,400. OC. $54,728. to $235,000 9,000 units $113,200 $29.500 $22,750 56,000 units $541,300 47,000 $171,120 $249,570 18,000 units
Marigold Paints makes various interior and exterior paints for its customers, but its current focus is on its top-selling interior brand. Marigold produces the paint in its mixing department and then transfers the paint to the canning department. The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process. One unit is one gallon of paint. Units in beginning WIP Inventory Beginning WIP Inventory degree of completion Costs in beginning WIP Inventory New units started Costs added to WIP Inventory this period Units completed Units in ending WIP Inventory Ending WIP Inventory degree of completion (a) Your Answer Correct Answer . . Total equivalent units of work done Cost per aquivalent Unit S Units Teep cost of units complete 1,700 Transferred-in 47,500 48,200 1,000 Transferred-In 100% 100% $12,020 $2,020 DM $408,500 $55,800 100% Complete Steps 1-5 of the template for the canning department…
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Dengo Co. makes a trail mix in two departments: Roasting and Blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. October data for the Roasting department follow. Beginning work in process inventory.. Units started and completed... Units completed and transferred out... Ending work in process inventory.... [continued on next page] Units 3,000 19,200 22,200 2,400 [continued from previous page] Required Direct Materials Percent Complete 100% 100% Chapter 16 Process Costing and Analysis Conversion Percent Complete 40% 80% Problem 16-7Aª FIFO: Cost per equivalent unit; costs assigned to products C2 Beginning work in process.. Costs added this period Direct materials. Conversion....... Total costs to account for... $248,400 1,082,970 $ 120,870 1,331,370 $1,452,240 1. Compute equivalent units of production for both direct materials and conversion. 2. Compute…
AAA Inc. produces chocolate cakes in one standard size it follows a stage of production from mixing, baking, and decorating It observes average costing. All materials are added at the start of in the mixing and decorating stage while no materials are added in the baking stage. At the start of the month of June, the following information are available June Beginning Mixing Baking Decorating Units 500 1,000 100 Materials cost 2,500 200 Conversion cost Cost for previous process 5,000 9,000 2,000 10,000 2,000 At the end of the month of June, the following information are available June Beginning Mixing Baking Decorating Units 600 900 200 Percentage complete 50% 80% 60% Within the month of June, a total of 3,000 units were started and the total cost spent for the entire month are as follows: Month of June Materials cost Conversion cost Mixing Baking Decorating 15,000 6,000 7,060 11,000 28,200 Waste and spoilage are ignored in this process. Requirement: Prepare a cost of production report…
Eco−Eliminator Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 50,000 fl. oz. of chemicals were started in production. Of these, 42,000 fl. oz. were completed, and 8,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted−average method is used. At the end of January, the equivalent unit data for the Mixing Department were as follows: UNITS Equivalent Units Equivalent Units Units to be accounted for Direct Materials Costs Conversion Costs Completed and transferred out 42,000 42,000 42,000 Ending work−in−process* 8,000 8,000 3,200 50,000 50,000 45,200 * Percent complete for…
Step by step Solution plz....
Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 1,500 90 80 Work-in-process inventory — June 30 2,800 60 40 Started processing during June 7,800 Total equivalent units for materials under the FIFO method are calculated to be: Multiple Choice 6,830 equivalent units. 8,180 equivalent units. 6,980 equivalent units. 7,140 equivalent units. 7,620 equivalent units.