The Converting Department of Toren Company had 1,080 units in work in process at the beginning of the period, which were 30% complete. During the period, 22,800units were completed and transferred to the Packing Department. There were 1,200 units in process at the end of the period, which were 30% complete. Direct materialsare placed into the process at the beginning of production.This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.XOpen spreadsheetroductionDetermine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".Toren CompanyNumber of Equivalent Units of ProductionInventory in process, beginningStarted and completedTransferred to Packing DepartmentInventory in process, endingTotalDirect Materials ConversionWhole Units Equivalent Units Equivalent Units

Toren Company Number of Equivalent Units of Production Whole Units Direct Materials Equivalent…

Answered: The Converting Department of Toren…

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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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,200 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Cost per Equivalent Unit of Production Costs of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per equivalent unit of production Units 2,500 11, 200 9,500 4,200 $ Direct Materials $ 1,682 17,608 19,290 $ 1,682 1,024 Percent Complete for Direct Materials 60% 17,608 20,496 QS…
Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in beginning work in process inventory (30% complete). During the period, 71,000 liters were completed. The ending work in process was 5,000 liters (70% completed). What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process?
Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of the Spinning Department is transferred to the Tufting Department, where carpet backing is added at the beginning of the process and the process is completed. On January 1, Port Ormond Carpet Company had the following inventories: Finished Goods $6,500 Work in Process-Spinning Department 1,200 Work in Process-Tufting Department 2,300 Materials 4,100 Departmental accounts are maintained for factory overhead, and both have zero balances on January 1. Manufacturing operations for January are summarized as follows: Jan. Materials purchased on account, $84,700 Materials requisitioned for use: Fiber-Spinning Department, $42,800 Carpet backing-Tufting Department, $34,000 Indirect materials-Spinning Department, $3,400 Indirect materials-Tufting Department, $2,700 31 Labor used: Direct labor-Spinning Department, $26,600 Direct labor-Tufting Department,…
Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of the Spinning Department is transferred to the Tufting Department, where carpet backing is added at the beginning of the process and the process is completed. On January 1, Port Ormond Carpet Company had the following inventories: Finished Goods $6,500 Work in Process-Spinning Department 1,200 Work in Process-Tufting Department 2,300 Materials 4,100 Departmental accounts are maintained for factory overhead, and both have zero balances on January 1. Manufacturing operations for January are summarized as follows: Jan. 1 Materials purchased on account, $84,700 2 Materials requisitioned for use: Fiber-Spinning Department, $42,800 Carpet backing-Tufting Department, $34,000 Indirect materials-Spinning Department, $3,400 Indirect materials-Tufting Department, $2,700 31 Labor used:…
Use the following information for the Quick Study below. (Algo) Skip to question [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,100 units during November. The following production activity in both units and costs refers to the Assembly department’s November activities. Assembly Department Units Percent Complete for Direct Materials Percent Complete for Conversion Beginning work in process inventory 3,500 60% 40% Units started this period 12,100 Units completed and transferred out 10,500 Ending work in process inventory 5,100 80% 30% Cost of beginning work in process Direct materials $ 1,902 Conversion 1,457 $ 3,359 Costs added this month Direct materials 19,968 Conversion 20,197 40,165 QS 3-16A (Algo) FIFO: Assigning costs to output LO C2 Assign costs to the Assembly department’s output—specifically,…
Kronk, Incorporated provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 10 percent complete). Started this month, 65,000 units. ● Transferred out, 62,000 units. Ending inventory, 36,000 units (materials are 100 percent complete; conversion costs are 65 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. a. Materials b. Conversion costs Equivalent Units
Equivalent Units of Production The Converting Department of Comfy Touch Towel and Tissue Company had 960 units in work in process at the beginning of the period, which were 60% complete. During the period, 20,000 units were completed and transferred to the Packing Department. There were 1,080 units in process at the end of the period, which were 40% 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. If an amount box does not require an entry, leave blank. Comfy Touch Towel and Tissue Company Number of Equivalent Units of Production Direct Materials Equivalent Conversion Whole Equivalent Units Units Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total
Equivalent Units of Production The Converting Department of Soft Touch Towel and Tissue Company had 1,200 units in work in process at the beginning of the period, which were 25% complete. During the period, 16,000 units were completed and transferred to the Packing Department. There were 2,000 units in process at the end of the period, which were 40% 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. If an amount is zero, enter in "0". Soft Touch Towel and Tissue Company Number of Equivalent Units of Production Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total
Equivalent Units of Production The Converting Department of Soft Touch Towel and Tissue Company had 1,080 units in work in process at the beginning of the period, which were 40% complete. During the period, 22,800 units were completed and transferred to the Packing Department. There were 1,200 units in process at the end of the period, which were 30% 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. If an amount is zero, enter in "0". Soft Touch Towel and Tissue Company Number of Equivalent Units of Production Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total
The Converting Department of Soft Touch Towel and Tissue Company had 1,200 units in work in process at the beginning of the period, which were 25% complete. During the period, 16,000 units were completed and transferred to the Packing Department. There were 2,000 units in process at the end of the period, which were 40% 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.
At the start of June, the polishing department had 15,000 units in beginning inventory. During the month it received 25,000 units from the department. It started and completed 17,000 units and transferred 32,000 units to the department. It had 8,000 units ending work in process inventory. Direct materials are added at the beginning of the process. Units in beginning work in process inventory were 50% complete in respect to conversion costs. Units in ending work in process inventory were 40% complete with respect to conversion costs. Prepare the production cost report for the department for the equivalent units of production for the month of June. Use the FIFO method
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