Ee.91. The machining department of Tamarisk Manufacturing had a busy year! Management evaluated the stage of completion of endingWIP Inventory and recorded the following in Step 1 of its process costing analysis.Units in beginning WIP InventoryUnits started this periodTotal Units to account forUnits completed and removed from WIP Inventory this periodUnits in ending WIP InventoryTotal units accounted forStep 1: Verify physical units in the period and identify degree of completionTotal equivalent units of work done this periodeTextbook and MediaSave for Later(b1)(d).Tamarisk adds its conversion costs evenly throughout the machining process.(a)Physical UnitseTextbook and MediaSave for Later3,200DMTotal equivalent units of work done this period266,800270,000261,600Determine the equivalent units of production for both DM and conversion costs this year for the Tamarisk machining departmentunder the FIFO method.DM8,400270.000Degree of CompletionDM Conversion Costs100%0%According to the completion percentages in part (a), does Tamarisk add DM costs in the machining department closer to thebeginning, the middle, or the end of the process?Conversion Costs70%40%Attempts: 0 of 2 used Submit AnswerAttempts: 0 of 2 usedDetermine the equivalent units of production for both DM and conversion costs this year for the Tamarisk machining departmentunder the weighted-average method.Conversion CostsSubmit Answer

Name: Ee.91. The machining department of Tamarisk Manufacturing had a busy y
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Ee.91. The machining department of Tamarisk Manufacturing had a busy year! Management evaluated the stage of completion of endingWIP Inventory and recorded the following in Step 1 of its process costing analysis.Units in beginning WIP InventoryUnits

The equivalent units are calculated on the basis of the percentage of the work completed during the…

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The machining department of Tamarisk Manufacturing had a busy year! Management evaluated the stage of completion of ending WIP Inventory and recorded the following in Step 1 of its process costing analysis. Units in beginning WIP Inventory Units started this period Total Units to account for Step 1: Verify physical units in the period and identify degree of completion Units completed and removed from WIP Inventory this period Units in ending WIP Inventory Total units accounted for Total equivalent units of work done this period eTextbook and Media Save for Later Physical Units (b1) 3,200 266,800 Tamarisk adds its conversion costs evenly throughout the machining process. (a) DM 270,000 261,600 8,400 270,000 Degree of Completion DM Conversion Costs Determine the equivalent units of production for both DM and conversion costs this year for the Tamarisk machining department under the FIFO method. 100% 0% 70% Conversion Costs 40% Attempts: 0 of 2 used Submit Answer According to the completion percentages in part (a), does Tamarisk add DM costs in the machining department closer to the beginning, the middle, or the end of the process?