Proper working answer wanted in this account query Train Company had no beginning inventory and adds all materials at thevery 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 isa. 22,990.b. 10,990.c. 16,710.d. 19,390.e. None of these.

To calculate the equivalent units for conversion costs, we use the weighted-average method in…

Answered: Train Company had no beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 9EB: Production data show 15,200 units were transferred out of a stage of production and 3,500 units...

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Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: progress=false Direct materials Conversion costs Costs from Beginning Inventory Costs from Current Period $4,800 5,800 $29,900 140,100 At the beginning of the period, there were 500 units in process that were 43% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,500 units were started and completed. Ending inventory contained 400 units that were 24% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO cost flow method. ☐ The equivalent units of production for direct materials and conversion costs, respectively, were Oa. 5,500 for direct materials and 5,881 for conversion costs Ob. 5,900 for direct materials and 5,881 for conversion costs Oc. 5,881 for direct materials and 5,900 for conversion costs Od. 5.881 for direct materials and 5,881 for conversion…
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Carmelita, Inc., has the following information available: Costs from Beginning Inventory Direct materials. Conversion costs $5,000 5,200 Costs from Current Period The cost of completing a unit during the current period was Oa. $45.95 Ob. $36.76 Oc. $30.63 Od. $25.62 $29,600 149,800 At the beginning of the period, there were 400 units in process that were 40% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,500 units were started and completed. Ending inventory contained 400 units that were 27% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process costing method.
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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.
Molina Corp. began the period with no units in process or in finished goods inventory. During the period they began 96,000 units and completed 80,000 units. If equivalent units for the period totaled 90,000 then the units in the process were what percent complete (rounded)? a. 62.5% b. 83.3% c. 88.9% d. 75% e. None of the above
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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 ?

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