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...

See similar textbooks

Similar questions

Please give me answer general accounting
Babe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125 Using FIFO method, the started in process units is? Using FIFO method, the unit cost is? Using Weighted Average method, the unit conversion cost is? The total EUP of completed and transferred unit is?
Give true answer for this accounting question
Please do not give solution in image format thanku
Please do not give solution in image format thanku
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…
Answer in step by step with explanation. Don't use Ai
Gehring Company recently tried to improve analysis of its manufacturing process. There is no beginning inventory. Units started into production equaled 5800, units transferred out equal 5400 and ending units work in process equal 400. Materials are at applied at the beginning of the process and ending work in process was 25% complete with conversion costs. How much is the direct materials cost per unit if total direct material costs equal $18,000? O a. $ 3.27 O b. $ 3.33 O c.$ 3.16 d. $ 3.10
Please do not give solution in image format
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.
Iris Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. Using FIFO method, the started in process units is?
Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125.1. The total units started in process? 2.The unit conversion cost using weighted average method is? 3.Using FIFO method, the unit cost is? 4.The total EUP of completed and transferred units is?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS