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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BoAt Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 31,300 units were started, and 14,500 units completed. The ending work in process is 82% complete. The equivalent units for conversion costs is _. Need help
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…
BoAt Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 31,300 units were started, and 14,500 units completed. The ending work in process is 82% complete. The equivalent units for conversion costs is _.
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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.
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 $
Crane 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.
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Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: Direct materials Conversion costs Costs from Beginning Inventory Costs from 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. Assume that the company uses the FIFO cost flow method. Round cost-per-unit figures to the nearest cent when computing total costs. The total costs transferred to Finished Goods for units started and completed were a. $161,775 b. $162,855 c. $156,960 d. $161,505

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