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RSTN Company produces its product in two sequential processing departments. During October, the first process finished and transferred 160,000 units of its product to the second process. Of these units, 36,000 were in process at the beginning of the month and 124,000 were started and completed during the month. At month-end, 26,000 units were in process. Compute the number of equivalent units of production for direct materials for the first process for October under each of the following three separate assumptions using the FIFO method. 1. All direct materials are added to products when processing begins. 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending inventory is 85% complete for direct materials cost 3. Beginning work in process inventory is 60% complete for direct materials cost. Ending inventory is 20% complete for direct materials cost Equivalent Units of Production (EUP)-FIFO Method 1. All direct materials are added to products when processing begins. Total Units Direct Materials Percent Added Units 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending Inventory is 85% complete for direct materials cost. EUP Direct Materials Percent Added EUP

RSTN Company produces its product in two sequential processing departments. During October, the first process finished and transferred 160,000 units of its product to the second process. Of these units, 36,000 were in process at the beginning of the month and 124,000 were started and completed during the month. At month-end, 26,000 units were in process. Compute the number of equivalent units of production for direct materials for the first process for October under each of the following three separate assumptions using the FIFO method. 1. All direct materials are added to products when processing begins. 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending inventory is 85% complete for direct materials cost 3. Beginning work in process inventory is 60% complete for direct materials cost. Ending inventory is 20% complete for direct materials cost Equivalent Units of Production (EUP)-FIFO Method 1. All direct materials are added to products when processing begins. Total Units Direct Materials Percent Added Units 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending Inventory is 85% complete for direct materials cost. EUP Direct Materials Percent Added EUP

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Book Hint Print erences RSTN Company produces its product in two sequential processing departments. During October, the first process finished and transferred 160,000 units of its product to the second process. Of these units, 36,000 were in process at the beginning of the month and 124,000 were started and completed during the month. At month-end, 26,000 units were in process. Compute the number of equivalent units of production for direct materials for the first process for October under each of the following three separate assumptions using the FIFO method. 1. All direct materials are added to products when processing begins. 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending inventory is 85% complete for direct materials cost 3. Beginning work in process inventory is 60% complete for direct materials cost. Ending inventory is 20% complete for direct materials cost Equivalent Units of Production (EUP)-FIFO Method 1. All direct materials are added to products when processing begins. Total Units Direct Materials Percent Added Units 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending Inventory is 85% complete for direct materials cost. EUP Direct Materials Percent Added EUP Seore answar
Transcribed Image Text:Book Hint Print erences RSTN Company produces its product in two sequential processing departments. During October, the first process finished and transferred 160,000 units of its product to the second process. Of these units, 36,000 were in process at the beginning of the month and 124,000 were started and completed during the month. At month-end, 26,000 units were in process. Compute the number of equivalent units of production for direct materials for the first process for October under each of the following three separate assumptions using the FIFO method. 1. All direct materials are added to products when processing begins. 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending inventory is 85% complete for direct materials cost 3. Beginning work in process inventory is 60% complete for direct materials cost. Ending inventory is 20% complete for direct materials cost Equivalent Units of Production (EUP)-FIFO Method 1. All direct materials are added to products when processing begins. Total Units Direct Materials Percent Added Units 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending Inventory is 85% complete for direct materials cost. EUP Direct Materials Percent Added EUP Seore answar
Total Total e prvovany vegna Units Total 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending inventory Is 85% complete for direct materials cost. Units Direct Materials Percent Added Units EUP Direct Materials Percent Added 3. Beginning work in process inventory is 60% complete for direct materials cost. Ending Inventory is 20% complete for direct materials cost. Percent Added EUP Direct Materials Prev Tumma EUP 1 of 4 # Score answer
Transcribed Image Text:Total Total e prvovany vegna Units Total 2. Beginning work in process inventory is 35% complete for direct materials cost. Ending inventory Is 85% complete for direct materials cost. Units Direct Materials Percent Added Units EUP Direct Materials Percent Added 3. Beginning work in process inventory is 60% complete for direct materials cost. Ending Inventory is 20% complete for direct materials cost. Percent Added EUP Direct Materials Prev Tumma EUP 1 of 4 # Score answer
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