The following data are for four independent process- costing departments. Inputs are added continuously. B Beginning inventory Percent completion Units started Ending inventory Percent completion Department A Department B Department C Department A 5,000 D 35% 21,000 4,000 25% 4,000 Equivalent Units 75% C 18,000 49,000 10,000 30% D 44,000 65% Compute the equivalent units of production for each of the preceding departments using the weighted average method. 37,000 11,000 25%

The following data are for four independent process- costing departments. Inputs are added continuously. B Beginning inventory Percent completion Units started Ending inventory Percent completion Department A Department B Department C Department A 5,000 D 35% 21,000 4,000 25% 4,000 Equivalent Units 75% C 18,000 49,000 10,000 30% D 44,000 65% Compute the equivalent units of production for each of the preceding departments using the weighted average method. 37,000 11,000 25%

Name: Equivalent Units: Weighted Average MethodThe following data are for f
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Description: Equivalent Units: Weighted Average MethodThe following data are for four independent process-costing departments. Inputs are added continuously.BBeginninginventoryPercentcompletionUnits startedEndinginventoryPercentcompletionDepartment ADepartment B

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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Equivalent Units: Weighted Average Method The following data are for four independent process-costing departments. Inputs are added continuously. A B C D Beginning inventory 8,000 3,000 — 48,000 Percent completion 40% 80% — 70% Units started 28,000 22,000 45,000 33,000 Ending inventory 7,000 — 8,000 13,000 Percent completion 30% — 20% 30% Required: Compute the equivalent units of production for each of the preceding departments using the weighted average method. Equivalent Units Department A fill in the blank 1 Department B fill in the blank 2 Department C fill in the blank 3 Department D fill in the blank 4
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Please see the pictures for the questions. The first production department in a process manufacturing system reports the following unit data...
The following data are for four independent process-costing departments. Inputs are added continuously. Required:Compute the equivalent units of production for each of the preceding departments using theweighted average method.
Compute for Equivalent Units of Production by preparing a Quantity Schedule
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A process manufacturer that uses the weighted-average method reports the following. Beginning work in process inventory Units completed and transferred out Ending work in process inventory Equivalent units of production for conversion are: Multiple Choice O 125,200. Units 38,000 108,000 43,000 Conversion Percent Complete 80% 40%
Equivalent Units; Assigning Costs; Cost Reconciliation—Weighted-Average Method Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to 5599,780 in total. The ending work in process inventory in January consisted of 3,000 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and…
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) Cost of materials used Labor and overhead costs Total cost of the 16,400 units finished is: -0- 20,800 16,400 4,400 $39,780 $42,000
Assuming a FIFO method of process costing (for both of the following situations), determine the equivalent units of production for labor and overhead. a. Beginning WIP Inventory (30% complete) 40,000 Units started in production 480,000 Units transferred out ? Ending WIP Inventory (70% complete) 26,000 b. Beginning WIP Inventory (45% complete) 10,000 Units started in production 350,000 Units transferred out 344,000 Ending WIP Inventory (60% complete) 16,000
Equivalent Units of Production: Weighted average method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 1,450 units, 60% completed 450 units, 35% completed Completed and transferred to next processing department during July 22,850 units 22,600 units Work in process, July 31 1,100 units, 60% completed 700 units, 30% completed Each department uses the Weighted average method. For each department, assume that direct materials are placed in process during production. a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. Whole units fill in the blank 1 units Equivalent units of production fill in the blank 2 units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units…
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