The assembly department of Sun Manufacturing had beginning work in process of 25,300 units, ending work in process of 28,900 units, and units transferred out of 72,400 units. What was the number of units started or transferred in? a. 76,000 units b. 75,000 units c. 78,000 units d. 74,000 units

The assembly department of Sun Manufacturing had beginning work in process of 25,300 units, ending work in process of 28,900 units, and units transferred out of 72,400 units. What was the number of units started or transferred in? a. 76,000 units b. 75,000 units c. 78,000 units d. 74,000 units

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 7E: The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units...

See similar textbooks

Related questions

Q: Financial accounting

A: Total growth factor:Divide the future value of the investment by the principal amount: $72,000 /…

Q: Please get correct answer this financial accounting question

A: Step 1: Definition of Overhead Application in Job Order CostingOverhead application refers to the…

Q: Need help

A: Step 1: Define Operating Leverage Multinational organizations spend their reserves in acquiring…

Q: provide correct answer me?

A: Step 1: Definition of Owners' EquityOwners' equity represents the residual interest in the company's…

Q: Kindly help me with accounting questions

A: Step 1:A bond is a financial instrument that is issued by the company to collect the finance for its…

Q: Need help with this financial accounting question

A: Step 1:First, calculate the units started and completed: Units started and completed = Units…

Q: What is the contribution margin of this financial accounting question?

A: Step 1: Definition of Contribution MarginThe contribution margin (CM) is the amount remaining from…

Q: hello teacher please solve questions

A: Step 1: Definition of Profit MarginProfit margin is one of the most popular profitability ratios…

Q: Provide correct answer financial accounting questions

A: Step 1: Define Total Manufacturing CostsTotal manufacturing costs represent the sum of all costs…

Q: Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the…

A: The standard time for a job is calculated using the formula: Standard Time=1−Allowance FactorNormal…

Q: What is its return on total assets of this general accounting question?

A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) is a financial metric that measures a…

Q: Need ans general Accounting

A: Step 1: Define Public DebtPublic Debt refers to the total amount of money that a government owes due…

Q: The note payable liability on December 31, is closest to?

A: The question requires the determination of the note liability payable balance at a certain period.A…

Q: Compute the company's fixed asset turnover ratio for the year of this financial accounting question

A: Step 1: Definition of Fixed Asset Turnover RatioThe Fixed Asset Turnover Ratio measures how…

Q: General Accounting Question

A: Step 1: Define Capital GainsCapital Gains refer to the profit earned from selling an asset for a…

Q: What would have been the income before income taxes?

A: Concept of Accrued ExpensesAccrued Expenses refer to expenses that have been incurred by a business…

Q: Hii ticher please given answer general Accounting

A: Step 1: Define Key RatiosReturn on Assets (ROA): Measures a company's efficiency in using its assets…

Q: Work in process account will be debited and factory overhead will be credited for?

A: Explanation of Estimated Total Factory Overhead Costs:Estimated total factory overhead costs refer…

Q: Gross profit would be

A: To calculate Gross Profit, you can use the following formula:Gross Profit=Sales Revenue−Sales…

Q: Kurup Manufacturing has a standard of 3.4 pounds of materials per unit, at $14.80 per pound. In…

A: Explanation of Standard Quantity: Standard quantity represents the predetermined amount of materials…

Q: What is the labor quantity variance?

A: Step 1: Definition of Labor Quantity VarianceLabor Quantity Variance measures the difference between…

Q: Question

A: Calculations:Given:Profit Margin = 7.6% = 0.076Total Asset Turnover = 3.9ROE = 32.55% =…

Q: Give me Answer

A: 1. Calculate the total cycle time:Cycle time is the sum of all the times involved in producing the…

Q: Help

A: To determine the standard time for the job, we use the formula::Given Data:

Q: I want answer

A: QUESTION 1 PLEASE NOTE: Please clarify with your examiner which predetermined overhead should be…

Q: Eric Church Company is a price-taker and uses a target- pricing approach. Refer to the following…

A: The problem requires us to determine the desired profit for Eric Church Company using a…

Q: True answer general Accounting question

A: Step 1: Define Work in Process (WIP) Cost CalculationThe Work in Process (WIP) Cost represents all…

Q: A broadcasting company failed to make a year-end accrual of $350,000 for fines due to a violation of…

A: Impact on Expenses: The failure to accrue the $350,000 fine means expenses were understated by…

Q: General Accounting question

A: Detailed explanation:Given:Expenditures on infrastructure and services $ 15 billionTax revenue $ 12…

Q: provide correct ans

A: Here's how to determine the pricing using the High-Low method:Identify the High and Low Points:High:…

Q: What is kurup's total materials variance?

A: Step 1:First, calculate the standard cost for actual production: Standard cost for actual production…

Q: Solve this problem

A: Concept of Predetermined Overhead RateThe predetermined overhead rate is the estimated rate used to…

Q: Financial Accounting MCQ

A: Physical changes made to a leased property, like adding new walls, flooring, or lighting, are known…

Q: What is effect on net income of this financial accounting question?

A: To determine the effect on net income, we follow these steps:Calculate the increase in pre-tax…

Q: Need answer

A: Explanation of Net Credit Sales:Net credit sales represent the total revenue generated from sales…

Q: Can you please answer this general accounting question?

A: Step 1:First, calculate the total revenue generated by the company: Total revenue = Revenue from…

Q: Answer this Question

A: First, let's identify what we need to find:We need to calculate the Price-Earnings (P/E) ratioP/E…

Q: Can you help me with accounting questions

A: Step 1: Definition of Cost per Equivalent UnitCost per equivalent unit refers to the cost assigned…

Q: Need help with this accounting questions

A: Step 1: Definition of Interest PayableInterest payable refers to the amount of interest expense that…

Q: Irving Manufacturing produces custom cabinets. During its most productive month of the year, 4,120…

A: Explanation of Fixed Costs: Fixed costs are expenses that remain constant regardless of the…

Q: I need help with question B.

Q: Provide correct answer general Accounting

A: The cost of common stock can be calculated using the Capital Asset Pricing Model (CAPM)…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Operating CycleThe operating cycle is the time it takes for a company to…

Q: choose best answer

A: Step 1: Definition of Contribution MarginThe Contribution Margin is the difference between sales…

Q: 5 POINTS

A: Adjusted Basis is formulated as below:Assets' Adjusted Basis = Original Basis - Depreciation +…

Q: Answer this MCQ

A: Approach to solving the question:Freeform Detailed explanation: Here's the step-by-step…

Q: can you please solve this

A: L.B. Jay's financial data provides the basis for calculating its price-earnings (P/E) ratio, a key…

Q: choose best answer

A: Step 1: Definition of Prepaid InsurancePrepaid Insurance refers to the amount paid for an insurance…

Q: During the month of March, Neji Company used $32,800 of direct materials and incurred $46,100 of…

A: Concept of Direct MaterialsDirect materials are the raw materials that are used directly in the…

Q: Compute the selling price?

A: Step 1: Definition of Selling Price Using Contribution MarginThe selling price per unit can be…

Question

Can you help me with accounting questions

The assembly department of Sun Manufacturing had
beginning work in process of 25,300 units, ending work in
process of 28,900 units, and units transferred out of 72,400
units. What was the number of units started or transferred
in?
a. 76,000 units
b. 75,000 units
c. 78,000 units
d. 74,000 units

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000 units one-half completed at a cost of 1,250 for materials, 675 for labor, and 950 for overhead. Production costs for the monthmaterials, 99,150; labor, 54,925; factory overhead, 75,050. Units completed and transferred to stock38,500. Work in process, end of month3,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost.
A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?
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.
In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is 3,000,000. The conversion cost for the period in the Rolling Department is 462,600 (275,000 factory overhead applied and 187,600 direct labor). The total cost transferred to Finished Goods for the period was 3,392,400. The Rolling Department had a beginning inventory of 163,800. a. Journalize for the Rolling Department (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods. b. Determine the balance of Work in ProcessRolling at the end of the period.
The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for conversion costs?
The initial processing department had a beginning inventory of 750 units and an ending inventory of 1,350 units, and it started 9,500 units into production. How many were transferred out to the next department? 750 1,350 8,900 10,250
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 has 1,500 units in ending work in process that are 30% complete after transferring out 10,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $7 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?
The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
A company started the month with 8,329 units in work in process inventory. It started 23,142 unit and had an ending inventory of 9,321. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period?
Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.
A company started the month with 4,519 units in work in process inventory. It started 15,295 units and had an ending inventory of 4,936. The units were 100% complete to materials and 30% complete with conversion. How many units were transferred out during the period?