TK Co. manufactures a single product that goes through two processes, mixing and cooking. The data pertain to the mixing department for April 2016: Work-in-process inventory, April 1 Conversion: 80 percent completed Work-in-process inventory, April 30 Conversion: 40 percent completed 27,000 units 17,000 units Units started into production Units completed and transferred out 60,000 units ? Costs Work-in-process inventory, April 1 Materials X 64,800 Materials Y Conversion 89,100 119,880 Cost added during April Materials X Materials Y Conversion 152,700 138,400 302,520 Materials X is added at the beginning of work in the mixing department. Material Y also added in the mixing department, but not until units of product are 60 percent complete with regard to conversion. Conversion costs are incurred uniformly during the process. (if average method) 8. The equivalent units of material X is 70,000 b. 77,000 а. с. 87,000 d. 100,000 9. The cost per equivalent unit for material Y is а. Р5.25 b. Р4.50 с. Р3.25 d. P5.00 10. The cost of units transferred out is а. Рб50,000 b. P787,500 с. Р688,000 d. P750,500

TK Co. manufactures a single product that goes through two processes, mixing and cooking. The data pertain to the mixing department for April 2016: Work-in-process inventory, April 1 Conversion: 80 percent completed Work-in-process inventory, April 30 Conversion: 40 percent completed 27,000 units 17,000 units Units started into production Units completed and transferred out 60,000 units ? Costs Work-in-process inventory, April 1 Materials X 64,800 Materials Y Conversion 89,100 119,880 Cost added during April Materials X Materials Y Conversion 152,700 138,400 302,520 Materials X is added at the beginning of work in the mixing department. Material Y also added in the mixing department, but not until units of product are 60 percent complete with regard to conversion. Conversion costs are incurred uniformly during the process. (if average method) 8. The equivalent units of material X is 70,000 b. 77,000 а. с. 87,000 d. 100,000 9. The cost per equivalent unit for material Y is а. Р5.25 b. Р4.50 с. Р3.25 d. P5.00 10. The cost of units transferred out is а. Рб50,000 b. P787,500 с. Р688,000 d. P750,500

Name: TK Co. manufactures a single product that goes through two processes,
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Description: TK Co. manufactures a single product that goes through two processes, mixing andcooking. The data pertain to the mixing department for April 2016:Work-in-process inventory, April 1Conversion: 80 percent completedWork-in-process inventory, April 30Co

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...

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