Calculate the total equivalent units The Refining Department of Sunny Syrup, Inc. had85,000 tons of syrup to account for in August. Of the85,000 tons, 55,000 tons were completed andtransferred to the Bottling Department, and theremaining 30,000 tons were 60% complete. Thematerials required for production are added at thebeginning of the process. Conversion costs are addedequally throughout the refining process.Calculate the total equivalent units of production fordirect materials.

Explanation of Equivalent Units of Production: Equivalent units of production is a managerial…

Answered: The Refining Department of Sunny Syrup,…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11EA: Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The...

See similar textbooks

Similar questions

The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 1,900 units in work in process that were 60% complete at the beginning of the period. During the period, 15,800 units were completed and transferred to the Packing Department. There were 1,200 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production.
The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000. The conversion cost for the period in the Rolling Department is 462,600. The total equivalent units for direct materials and conversion are 4,000 tons and 3,855 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.
The Refining Department of Crystal Cane Sugar, Inc. had 65,000 tons of sugar to account for in December. Of the 65,000 tons, 45,000 tons were completed and transferred to the Boiling Department, and the remaining 20,000 tons were 70% complete. The materials required for production are added at the beginning of the process. Conversion costs are added equally throughout the refining process. The weighted−average method is used. Calculate the total equivalent units of production for conversion costs. A. 65,000 units B. 45,000 units C. 59,000 units D. 14,000 units
The Refining Department of Sweet Sugar Inc. had 55,000 tons of sugar to account for in December. Of the 55,000 tons, 45,000 tons were completed and transferred to the Boiling Department, and the remaining 10,000 tons were 60% complete. The materials required for production are added at the beginning of the process. Conversion costs are added equally throughout the refining process. Calculate the total equivalent units of production for conversion costs.
Using the weighted average method, what are the equivalent units for conversion costs?
Axel Ltd. began operations on October 1 of the current year. Its production requires that direct materials be added at the beginning of the process, and conversion costs are incurred uniformly. Direct materials costs for October were $380,000, and conversion costs were $1,750,000. There were 80,000 units started during the month. The ending inventory was 25,000 units, which were 60% complete. What was the cost per equivalent unit for conversion? Round to the nearest cent. OA. $70.00 OB. $25.00 OC. $21.88 O D. $16.67 OE. $116.67
The Refining Department of Kristian, Inc. had 83,000 pounds of materials to account for in the current month. Of the 83,000 pounds, 69,000 pounds were completed and transferred to finished goods, and the remaining 14,000 pounds were 80% complete. The materials required for production are added at the beginning of the process. Conversion costs are added evenly throughout the refining process. The weighted−average method is used. Calculate the total equivalent units of production for direct materials. A. 69,000 pounds B. 80,200 pounds C. 83,000 pounds D. 11,200 pounds
The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $401,280. The conversion cost for the period in the Filling Department is $252,320. The total equivalent units for direct materials and conversion are 60,800 ounces and 66,400 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: Conversion costs per equivalent unit:
The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is $242,880. The conversion cost for the period in the Filling Department is $213,440. The total equivalent units for direct materials and conversion are 35,200 ounces and 36,800 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: $ per ounce Conversion costs per equivalent unit: $ per ounce
The Bottling Department of Mountain Springs Water Company had 4,400 liters in beginning work in process inventory (25% complete). During the period, 55,400 liters were completed. The ending work in process inventory was 3,000 liters (65% complete). All inventories are costed by the first-in, first-out method. What are the equivalent units for conversion costs under the FIFO method? what are the equivalent units for conversion costs
The Mixing Department of Delightful Color Inc. has 70,000 units to account for, of which 58,000 units are completed and transferred to the Canning Department. The remaining 12,000 units left in the process at the end of the period are 70% complete with respect to conversion costs. All the direct materials required for mixing are added at the beginning of the process. What is the total equivalent units (EU) of production for direct materials under the Weighted average method? Group of answer choices 58,000 EU 70,000 EU 49,000 EU 66,400 EU
The Bottling Department of Mountain Springs Water Company had 5,000 liters in beginning work in process inventory (20% complete). During the period, 58,000 liters were completed. The ending work in process inventory was 3,000 liters (90% complete). What are the equivalent units for conversion costs under the FIFO method? equivalent units for conversion costs

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS