Provide correct answer the accounting question The assembly department had beginning work inprocess of 18,000 units, ending work in process of22,000 units, and units transferred out of 58,000units. What was the number of units started ortransferred in?

Step 1: Define Work In ProgressWork in progress refers to the total amount of goods that are still…

Answered: The assembly department had beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1EA: How many units were started into production in a period if there were zero units of beginning work...

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Similar questions

The Assembly Department shows the following information: Units Beginning work in process 10,000 Ending work in process 20,000 Started into production 80,000 Under the FIFO method, how many units were started and completed?
Suppose that manufacturing is performed in sequential production departments. Prepare a journalentry to show a transfer of partially completed units from the first department to the second department. Assume the amount of costs transferred is $50,000.
A production department within a company received materials of $12,000 and conversion costs of $11,000 from the prior department. It added material of $17,600 and conversion costs of $40,840. The equivalent units are 16,000 for material and 14,400 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials $ Conversion $
Regarding your ansWhat would be the answers for: 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.
The last department in a production process shows the following information at the end of the period: Units Beginning Work in Process 3,000 Started into Production 21,000 Ending Work in Process 6,000 How many units have been transferred out to finished goods during the period?
Sohar Company had the following department data: Physical Units Work in process, July 1 30,000 Completed and transferred out 135,000 Work in process, July 31 45,000 Materials are added at the beginning of the process. What is the total number of equivalent units for materials in July? Select one: а. 45,000. O b. 150,000. OC. 210,000. O d. None of the answers are correct Ое. 135,000.
Department M had 2,000 units 60% completed in process at the beginning of June, 12,000 units completed during June, and 800 units 33% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories?
How do you solve using the FIFO method?
The Assembly Department started the month with 140,000 units in its beginning work in process inventory. An additional 892,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 93,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?
A production department within a company received materials of $11,632 material of $20,944 and conversion costs of $47,607. The equivalent units for conversion? Round to the nearest penny, two decimal places. are 29,937 for material and 18,214 for conversion. What is the unit cost and conversion costs of $10,660 from the prior department. It added
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The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)

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The assembly department had beginning work in process of 18,000 units, ending work in process of 22,000 units, and units transferred out of 58,000 units. What was the number of units started or transferred in?