Please do not give solution in image format thanku Beginning work in processinventory-Assembly deptCosts added during the month:Direct materialsConversionQS 16-10 Weighted average: Equivalent units of production LO C2Required:Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the weightedaverage method.MaterialsComplete this question by entering your answers in the tabs below.TotalCalculate the assembly department's equivalent units of production for materials for November. Use the weighted-averagemethod.51,581 (includes $996 for direct materialsand $585 for conversion)Conversion$ 10,404$ 12,285MaterialsTotalEquivalent units of production (EUP)-weighted average methodUnits% MaterialsRequired:Calculate the assembly department's equivalent units of production for materials and for conversion for Noveaverage method.Complete this question by entering your answers in the tabs below.ConversionDirect MaterialsConversionEUPCalculate the assembly department's equivalent units of production for conversion for November. Use the weightemethod.Conversion>Choose NumeratorEquivalent units of production (EUP) - weighted average methodUnits Use the following information for the Quick Study below.[The following information applies to the questions displayed below.]The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started10,000 units during November. The following production activity unit and cost Information refers to the assemblydepartment's November production activities.Assembly DepartmentBeginning work in processUnits transferred outEnding work in processBeginning work in processinventory-Assembly deptCosts added during the month:Direct materialsConversionUnits2,0009,0003,000Percent of DirectMaterials Added$ 10,404$ 12,285Materials Conversion60%100%80%$1,581 (includes $996 for direct materialsand $585 for conversion)QS 16-10 Weighted average: Equivalent units of production LO C2Percent ofConversion40%100%30%Required:Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the weighted-average method.Complete this question by entering your answers in the tabs below.Calculate the assembly department's equivalent units of production for materials for November. Use the weighted-averagemethod.

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Description: Please do not give solution in image format thanku Beginning work in processinventory-Assembly deptCosts added during the month:Direct materialsConversionQS 16-10 Weighted average: Equivalent units of production LO C2Required:Calculate the assembly d

Weighted Average Method.In the Weighted Average Method, the equation to calculate the cost per…

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Study below. [The following information applies to the questions displayed below] The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process i Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion Units 2,000 9,000 3,000 Percent of Direct Materials Added 60% 100% 80% $ 10,404 $ 12,285 $1,581 (includes $996 for direct materials and $585 for conversion) Percent of Conversion 40% 100% 30% QS 16-10 Weighted average: Equivalent units of production LO C2 Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November weighted

Study below. [The following information applies to the questions displayed below] The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process i Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion Units 2,000 9,000 3,000 Percent of Direct Materials Added 60% 100% 80% $ 10,404 $ 12,285 $1,581 (includes $996 for direct materials and $585 for conversion) Percent of Conversion 40% 100% 30% QS 16-10 Weighted average: Equivalent units of production LO C2 Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November weighted

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...

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Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. 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 conversion costs. c. Ending work in process had 17,000 units, 25 percent complete with respect to conversion costs. 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.
K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared: The cost per equivalent unit for the period was as follows: The cost of beginning work in process was direct materials, 40,000; conversion costs, 30,000. Required: 1. Determine the cost of ending work in process and the cost of goods transferred out. 2. Prepare a physical flow schedule.
The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% complete. During the period, 10,800 units were completed and transferred to the Packing Department. There were 1,900 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs.
A company manufactures a liquid product called Crystal. The basic ingredients are put into process in Department 1. In Department 2, other materials are added that increase the number of units being processed by 50%. The factory has only two departments. Calculate the following for each department: (a) unit cost for the month for materials, labor, and factory overhead, (b) cost of the units transferred, and (c) cost of the ending work in process.
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. Required: 1. Assuming the use of the weighted average method, prepare a schedule of equivalent units. 2. Compute the unit cost for the month.
Lansing. Inc., provided the following data for its two producing departments: Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the Polishing Department. There are 30,000 units of Form A produced and sold and 50,000 of Form B. Required: 1. Calculate the overhead rates for each department. 2. Using departmental rates, assign overhead to live two products and calculate the overhead cost per unit. How does this compare with the plantwide rate unit cost, using direct labor hours? 3. What if the machine hours in Molding were 1,200 for Form A and 3,800 for Form B and the direct labor hours used in Polishing were 5,000 and 15,000, respectively? Calculate the overhead cost per unit for each product using departmental rates, and compare with the plantwide rate unit costs calculated in Requirement 2. What can you conclude from this outcome?
Lacy, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates: Other data for the Plate Cutting Department are as follows: Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for: a. Direct materials b. Conversion costs 3. Calculate unit costs for: a. Direct materials b. Conversion costs c. Total manufacturing 4. Provide the following information: a. The total cost of units transferred out b. The journal entry for transferring costs from Plate Cutting to Welding c. The cost assigned to units in ending inventory
Seacrest Company uses a process-costing system. The company manufactures a product that is processed in two departments: A and B. As work is completed, it is transferred out. All inputs are added uniformly in Department A. The following summarizes the production activity and costs for November: Required: 1. Using the weighted average method, prepare the following for Department A: (a) a physical flow schedule, (b) an equivalent unit calculation, (c) calculation of unit costs (Note: Round to four decimal places.), (d) cost of EWIP and cost of goods transferred out, and (e) a cost reconciliation. 2. CONCEPTUAL CONNECTION Prepare journal entries that show the flow of manufacturing costs for Department A. Use a conversion cost control account for conversion costs. Many firms are now combining direct labor and overhead costs into one category. They are not tracking direct labor separately. Offer some reasons for this practice.
Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Costs assigned to beginning work in process: direct materials, 90,000; conversion costs, 33,750. Manufacturing costs incurred during April: direct materials, 75,000; conversion costs, 220,000. Holmes uses the weighted average method. Required: 1. Compute the unit cost for April. 2. Determine the cost of ending work in process and the cost of goods transferred out.
Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations books, reflect the results of manufacturing operations during October: Production Costs Work in process, beginning of period: Costs incurred during month: Production Data: 13,000 units finished and transferred to stockroom Work in process, end of period, 2,000 units one-half completed Required: Prepare a cost of production summary for October.
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.
Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the beginning of the period, two-fifths complete. During the period 7,800 units were received from Mixing, 8,200 units were transferred to the finished goods storeroom, and 600 units were in process at the end of the period, 1/3 complete. The cost of the beginning work in process was: The costs during the month were: 1. Using the data in E5-15, prepare a cost of production summary for the month ended January 31, 2016. 2. Prepare a journal entry to transfer the cost of the completed units from Blending to the finished goods storeroom.