ReferencesChapter 3 QuizCamden County College/camdenccinstructure.com/courses/3788/assignments/35967?module itern id-88693Question 6View PoliciesCurrent Attempt in ProgressThe Assembly Department shows the following information:UnitsBeginning Work in Process20200Ending Work in Process64800Units Transferred Out30400How many total units are to be accounted for by the Assembly Department?O64800O95200.O 75000.O 85000.eTextbook and MediaAtX

Process firms accumulate production costs by process or department for a given period of time.…

Answered: References Chapter 3 Quiz Camden County…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2. Compute the Casing and Curing Department’s cost per equivalent unit for mixing, materials, and conversion for the month of September
EXERCISE 2 ACG2071-SPRING 2023 CHAPTER 12 HOMEWORK Legacy Company manufactures umbrellas and has the following information available for the month of 364,500+103,000 81500+189,500= Work in process, May 1 (100% complete for materials, 90% for conversion) Direct materials Conversion cost Number of units started May costs Direct materials Conversion cost 36,000 units Work in process, May 31 (100% complete for materials, 20% for conversion) 4. Reconcile the total cost of work in process. 1 CC $ 64,500 $ 87,500 90,500 units $103,000 $189,500 Required: Using the weighted-average method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. Units compled + end W/P = 3. Calculate the cost per equivalent unit rounded to five decimal places. 33,500 units
CengageNOWv2 | Online teachin x + genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A A ★ F Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 253,960 Aug. 31 Goods finished 194,700 31 Direct materials X 31 Direct labor 35,500 X 31 Factory overhead Factory Overhead Aug. 1-31 Costs incurred 100,050 Aug. 1 Balance 13,280 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $212,000, what was the amount debited to Work in Process for direct materials in August? Oa. $306,760 Ob. $106,590 Oc. $501.460 Od. $77,460 8:16 A 5/2/202 LOM OL ▬▬ JUB M & 7 U 8 CF10 P
vi.2
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record the transfer of costs from the blending department to the finishing department (i.e., provide the journal entry with debits/increases and credits/decreases in the accounts, etc.).
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tab es lock esc QUESTION 8 Deja Brew Company reported the following for the most recently completed fiscal year: Raw Materials Purchased Direct Labor Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Calculate cost of goods sold for the year. ! Click Save and Submit to save and submit. Click Save All Answers to save all answers. 1 Q A @ 2 W S # M $63,500 58,200 31,600 31,500 3 E Manufacturing Overhead Cost of Goods Manufactured $ 4 R % 07 dº 5 MacBook Pro D F $109,600 180,800 95,900 391,200 T 6 G 7 Y * 00 O H 8 U
royalty-free image X A Login Homework i X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducati... A Question 11 - Ch 17-18 Homew X Cost Data: Bonding Department Direct materials costs in beginning inventory, September 1 Conversion costs in beginning inventory, September 1 Direct materials costs incurred in September Conversion costs incurred in September Physical Units: Bonding Department Units in process, September 1 Units transferred out during September Units in process, September 30 Percentages of Completion: Bonding Department Direct materials, September 1 Conversion, September Direct materials, September 30 Conversion, September 30 Cost per equivalent unit Direct Materials Required information [The following information applies to the questions displayed below.] Lavalear Corporation uses a process costing system and traces costs through several processing departments, starting with the Bonding Department.…
Preparation of Process Accounts (With opening and Closing WIP) Solved Problem 5 The information relating to process 1 of a two-stage production process is as follows for August 2019. Opening inventory 500 units (degree of completion 60%) RO 2,800 Cost to date Costs incurred in August 2019 Direct materials (2,500 units introduced) Direct labour RO 13,200 RO 6,600 RO 6,600 Production overhead RO 26,400 Closing inventory There was no loss in the process. Prepare Process Account for the month of 300 units (Degree of completion 80%) august
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 13,400 $ 19,300 Beginning work in process inventory 17,800 23,700 Beginning raw materials inventory (direct materials) 11,300 10,950 Rental cost on factory equipment Direct labor 32,000 24,100 23,600 37,400 Ending finished goods inventory 20,000 17,000 Ending work in process inventory 25,000 19,000 7,600 9,800 Ending raw materials inventory Factory utilities 13,950 17,500 Factory supplies used (indirect materials) 8,500 5,100 General and administrative expenses 21,500 45,000 Indirect labor 2,000 9,580 7,580 2,200 Repairs-Factory equipment Raw materials purchases Selling expenses 36,000 58,000 58,000 58,900 Sales 223,530 310,010 Cash 25,000 18,700 Factory equipment, net 222,500 121,825 Accounts receivable, net 14,600 21,950 Required: 1. Complete the table to find…
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