TRAIN COMPANY HAD NO BEGINNING INVENTORY AND ADDS ALL MATERIALS AT THE VERY BEGINNING OF ITS ONLY PROCESS. ASSUME 27,700 UNITS WERE STARTED, AND 12,000 UNITS COMPLETED. THE ENDING WORK IN PROCESS IS 70% COMPLETE. THE EQUIVALENT UNITS FOR CONVERSION COSTS IS A. 22,990. B. 10,990. C. 16,710. D. 19,390. E. NONE OF THESE.
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- Answer in step by step with explanation. Don't use AiCrane Company decided to analyze certain costs for June of the current year. Units started into production equaled 27000 and ending work in process equaled 3500 units. With no beginning work in process inventory, how much is the conversion cost per unit if ending work in process was 20% complete and total conversion costs equaled $96800? $3.59. $4.00. $3.17. $2.00.2. There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $9,000 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Total work in process ? Cost per material ? Cost per conversion ? Equivalent units conversion ? Cost per unit conversion ?
- Production data show 35,920 units were transferred out of a stage of production and 6,150 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The unit material cost is $5 for material and $8 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory? Round to the whole unit and whole dollar, no decimals.Complete the tables below:Equivalent units data UnitsMaterialsConversionTransferred out35,920 Ending inventory6,150 Units accounted for, equivalent units Cost dataTransferred out $ Ending work in process: materials Ending work in process: conversion Ending work in process: total Costs to account for $Production data show 29,495 units were transferred out of a stage of production and 6,263 units remained in ending WIP inventory that was 100% complete to material and 39% complete to conversion. The unit material cost is $3 for material and $5 for conversion. What is the amount of inventory remaining in ending work in process inventory? Round to the nearest whole dollar, no decimals.Carmelita Inc., has the following information available: Direct materials Conversion costs Costs from Costs from Beginning Inventory Current Period $2,000 6,200 $22,252 150,536 At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,500 units were started and completed. Ending inventory contained 340 units that were 30% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method. The equivalent units of production for direct materials and conversion costs, respectively, were a. 5,340 for direct materials and 4,902 for conversion costs b. 4,902 for direct materials and 4,802 for conversion costs c. 4,602 for direct materials and 4,802 for conversion costs d. 4,840 for direct materials and 4,802 for conversion costs
- IN SEQUENCIAL PRODUCTION PROCESS A, B AND C, • MATERIAL ABSORBED FOR PROCESS A IS $50.000; CONVERSION COST IS $30,000; • MATERIALS ABSORBED FOR B PROCESS ARE $64,000 FROM A WIPS WITH CONVERSION COST$32.000 • MATERIALS ABSORBED FOR C PROCESS ARE $40,000 FROM B WIPS WITH CONVERSION COST $10,000,- • BEGINNING INVENTORY OF FINISHED GOODS $7.000; AND ENDING INVENTORY OF FINISHED GOOD IS $10.000. • CALCULATE CHANGING INVENTORY OF A AND B AND COGS.Carmelita Inc., has the following information available: Costs from beginning Costs from current Direct materials Conversion costs inventory $2,500 $6,200 period $22,252 $150,536 At the beginning of the period, there were 500 units in a process that was 60% complete as to conversion costs and 100% complete as to direct materials costs. During the period 4,500 units were started and completed. Ending inventory contained 340 units that were 30% complete as to conversion costs and 100% complete as to materials costs. The total costs that will be transferred into Finished Goods for units started and completed were a. $162,855 b. $161,775 c. $156,960 d. $161,505 Lettman Corporation has provided the following partial listing of costs incurred during November: Marketing salaries $46,000 Property taxes, factory $17,200 Administrative travel $107,500 Sales commissions $48,900 Indirect labor $43,300 Direct materials $174,500 Advertising $144,800 Depreciation of production equipment $45,200…Carmelita Inc., has the following information available: Costs from beginning Costs from current Direct materials Conversion costs inventory $2,500 $6,200 period $22,252 $150,536 At the beginning of the period, there were 500 units in a process that was 60% complete as to conversion costs and 100% complete as to direct materials costs. During the period 4,500 units were started and completed. Ending inventory contained 340 units that were 30% complete as to conversion costs and 100% complete as to materials costs. The total costs that will be transferred into Finished Goods for units started and completed were a. $162,855 b. $161,775 c. $156,960 d. $161,505 man Corporation basarguided t Requ 1400 $80,000 ** =
- Sheffield Company has unit costs of $6 for direct materials and $15 for conversion costs. There are 4000 units in ending Work in Process inventory that are 30% complete related to conversion costs, and fully complete related to direct materials cost. How much is the total cost assigned to the ending Work in Process inventory if the weighted-average method is used? a. $84000 b. $18000 c. $42000 d. $24000Vaughn and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 9000 units of ending work in process inventory at 70% completion and 56000 physical units. There was no beginning work in process inventory in the department. Conversion costs are incurred evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? O 53300. O 65000. O 80000. O 6300.Jamaira Company has unit costs of P10 for materials and P30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs, and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is * A. P 45,000 B. P 55,000 C. P 75,000 D. P100,000
