UnitsBeginning inventoryStarted during the month20,00075,000Total units to account for?Completed and transferred outEnding work in process70,000Total units accounted forWork in process completion %100%25%Material UnitsConversion UnitsTotalCompleted and transferred outEnding work in process70,00070,00070,000??Total units accounted for?Costs to account forMaterialsConversionTotal$ 3,500$19,500Beginning work in processTransferred in$16,000Incurred during the period$25,000$45,000$70,000Total costs to account for?Equivalent unitsCost per equivalent unit for department??Transferred-out costsEnd work in process: materialsEnd work in process: conversionEnd work in process: total??Total costs accounted for?

Name: UnitsBeginning inventoryStarted during the month20,00075,000Total uni
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Description: UnitsBeginning inventoryStarted during the month20,00075,000Total units to account for?Completed and transferred outEnding work in process70,000Total units accounted forWork in process completion %100%25%Material UnitsConversion UnitsTotalCompleted

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Units Beginning inventory Started during the month Total units to account for Completed and transferred out Ending work in process 20,000 75,000 70,000 ? Total units accounted for ? Work in process completion % 100% 25% Material Units Conversion Units Total Completed and transferred out Ending work in process 70,000 70,000 70,000 ? ? ? Total units accounted for ? Costs to account for Beginning work in process Transferred in ncurred during the period Materials Conversion Total $ 3,500 $16,000 $19,500 $25,000 $45,000 $70,000 Total costs to account for ? ? ? Equivalent units Cost per equivalent unit for department ? ? Transferred-out costs End work in process: materials End work in process: conversion End work in process: total Total costs accounted for ? ? ? ? ?

Units Beginning inventory Started during the month Total units to account for Completed and transferred out Ending work in process 20,000 75,000 70,000 ? Total units accounted for ? Work in process completion % 100% 25% Material Units Conversion Units Total Completed and transferred out Ending work in process 70,000 70,000 70,000 ? ? ? Total units accounted for ? Costs to account for Beginning work in process Transferred in ncurred during the period Materials Conversion Total $ 3,500 $16,000 $19,500 $25,000 $45,000 $70,000 Total costs to account for ? ? ? Equivalent units Cost per equivalent unit for department ? ? Transferred-out costs End work in process: materials End work in process: conversion End work in process: total Total costs accounted for ? ? ? ? ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ces Work in process inventory, March 1 Work in process inventory, March 31 Pulping cost in work in process inventory, March 1 Conversion cost in work in process inventory, March 1 Units transferred to the next production department Pulping cost added during March Conversion cost added during March Percent Completed Units Pulping 3,000 100% Conversion 80% 7,000 100% 75% $ 885 $ 360 133,900 $ 44,203 $ 21,904 No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department. Required: For March: 1. Compute the Drying Department's equivalent units of production for pulping and conversion. 2. Compute the Drying Department's cost per equivalent unit for pulping and conversion. 3. Compute the Drying…
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Beginning work in process inventory Units started this period Total Completed and transferred out Ending work in process inventory Units 74,000 392,000 370,000 96,000 Direct Materials Percent Complete 80% 90% Conversion Percent Complete 201 Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Percent Complete 40% Equivalent units of production: Weighted average method Direct Materials Units EUP Conversion Percent Complete. EUP
2 Baruch Company has two processing departments: Assembly and Finishing. During the month of March, the company recorded the following: Finishing Department (Second department) costs: Work-in-process inventory, March 1, 400 units Costs transferred in during the month from the Assembly Department, Materials cost added during the month Conversion costs incurred during the month Total Cost S A. B. C. D. E. None of the above S $ S $ 232 EUS 250 EUS 265 EUS 1,500 EUS 5.000 * *Consists of cost transferred in, $1,500; materials cost, $2,300; and conversion cost, $1,200. Finishing Department units are assigned to: Units completed and transferred out to finished goods: Work-in-process inventory, March 31: 12.000 17.000 19,500 53,500 The beginning work-in-process inventory contained 400 physical units; The conversion costs for the units completed and transferred out was $19,200. Find the number of equivalent units (EUs) in the ending inventory for conversion cost. 3.200 units units ???
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takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3Dfalse Calculator A company started the month with 8,333 units in work in process inventory. It started 23,146 units and had an ending inventory of 9,322. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred out Previous Next Email Instructor Submit Test for Grading All work saved. 5:18 PM 10/2/2020 arch O
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Units in beginning WIP Inventory completed this period Units Started and completed this period Units in ending WIP Inventory Total units accounted for Total equivalent units of work done this period Costs in beginning WIP Inventory (from last period) Costs added to WIP Inventory this period Total costs to account for Total cost of units completed $ Step 3: Account for costs Total number of units completed Physical Units What is The Skysong Company's total cost units completed? Actual unit cost for units completed $ 1,500 15,100 How many total units did the company complete this period? Total cost per equivalent unit this period $ The actual cost for the units completed this period is 500 17,100 Total Costs The Skysong Company uses the FIFO method of process costing. $1,155 26,895 $28,050 % Added This Period DM 100% 100% $755 0% 8.580 $9,335 DM Equivalent Units Equiv. Units 15,100 500 15,600 Conversion Costs $400 What was the actual per-unit cost for those units completed? (Round answer…
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