The Cutting Department of Sandhill Company has the following production and cost data for July. 1. 2. Production Completed and transferred out 11,760 units. 2,940 units in ending working in process are 60% complete as to conversion costs and 100% complete as to materials at July 31. Beginning work in process Total equivalent units of production Direct materials Direct labor Costs Manufacturing overhead Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials 14,700 $0 58,800 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout t 15,876 17,934 Conversion Costs

The Cutting Department of Sandhill Company has the following production and cost data for July. 1. 2. Production Completed and transferred out 11,760 units. 2,940 units in ending working in process are 60% complete as to conversion costs and 100% complete as to materials at July 31. Beginning work in process Total equivalent units of production Direct materials Direct labor Costs Manufacturing overhead Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials 14,700 $0 58,800 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout t 15,876 17,934 Conversion Costs

Name: The Cutting Department of Sandhill Company has the following producti
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Description: The Cutting Department of Sandhill Company has the following production and cost data for July.1.2.ProductionCompleted and transferred out 11,760 units.2,940 units in ending working in process are 60%complete as to conversion costs and 100%complete

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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The information below was obtained from the records of the first processing department of California Corporation for the month of July. The company uses the weighted-average method in its process costing system. units percent completed: Labor and overhead work in process inventory, July 1 20,000 40% started during the month 70,000 completed during the month 80,000 Work in process inventory, July 31 ? 25% All materials are added at the beginning of the manufacturing process. The equivalment units for labor and overhead for the month is: 70,000 90,000 80,000 82,500
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Equivalent units of materials cost The Rolling Department of Fortress Steel Company had 200 tons in beginning work in process inventory (60% complete) on July 1. During July, 3,900 tons were completed. The ending work in process inventory on July 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?
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