### Production Tracking for August- **Units in process at the beginning of August:** 1,100- **Units started in August:** 2,700- **Units completed and transferred:** 3,400- **Units in process at end of August:** 400This table provides a snapshot of the production process throughout August. The data shows the workflow from the units that were already in process at the start of the month to the total units completed and transferred by the end of the month. Additionally, it indicates the number of units that remained in process as of the end of August. This information is crucial for understanding production efficiency and planning future resource allocation. **Phillips Company - Assembly Department Data for August**Phillips Company has the following data for the Assembly Department for August:- **Conversion costs** are added evenly throughout the process. The company uses the weighted-average method.- To view detailed data, click [here](#).**Requirement:**- Read the requirement for further details.---**Scenario 1:**- **Context:** Units in process at the end of August are 10% complete; materials are added at the beginning of the process.**Production Cost Report - Assembly Department (Partial)**- **Period:** Month Ended August 31---**Report Table:**- Columns: - Physical Units - Equivalent Units (Direct Materials) - Equivalent Units (Conversion Costs)**Units Accounted For:**1. **Completed and Transferred Out** - Physical Units: [Blank] - Direct Materials: [Blank] - Conversion Costs: [Blank]2. **Ending Work-in-Process** - Physical Units: [Blank] - Direct Materials: [Blank] - Conversion Costs: [Blank]3. **Total Units Accounted For:** - Physical Units: [Blank] - Direct Materials: [Blank] - Conversion Costs: [Blank]---This table helps in assessing the production costs and the progress of units through the assembly process.

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Description: ### Production Tracking for August- **Units in process at the beginning of August:** 1,100- **Units started in August:** 2,700- **Units completed and transferred:** 3,400- **Units in process at end of August:** 400This table provides a snapshot of t

Process costing is a costing technique opted for manufacturing entities engaged in producing in…

Answered: Units in process at the beginning of…

Business

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Units in process at the beginning of August 1,100 Units started in August 2,700 Units completed and transferred 3,400 Units in process at end of August 400

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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2.2 Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows:
Units Materials Conversion Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May 75,000 55,000 100 % 50 % 100 % 30 % $59,400 $ 17,400 252, 000 272,000 $ 126, 990 $ 250, 905, Required: . Calculate the first production department's equivalent units of production for materials and conversion for May. 2. Compute the first production department's cost per equivalent unit for materials and conversion for May. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for 4. Compute the first production department's cost of the units transferred to the next production department for materials, conve and in total for May. Complete this question by entering your answers…
Question Content Area Department G had 2,400 units 25% completed at the beginning of the period, 13,500 units were completed during the period, 2,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $27,200 Costs added during period: Direct materials (13,100 units at $8) 104,800 Direct labor 79,800 Factory overhead 26,600 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the departmental work in process inventory at the end of the period (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)? a.$18,400 b.$19,200 c.$16,000 d.$24,960
In each case below, fill in the missing amount. 1. Work in process, September 1 Units started during September Units completed during September Work in process, September 30 2. Work in process, February 1 Units started during February Units completed during February Work in process, February 28 3. Work in process, January 1 Units started during the year Units completed during the year Work in process, December 31 9,000 tons tons 19,000 tons 2,000 tons 13,000 kilograms 1,500 kilograms 9,200 kilograms kilograms + 100,000 gallons 850,000 gallons gallons 200,000 gallons
Current Attempt in Progress Blossom Company has the following production data for January. Beginning Work in Process 0 Units Started into Production 8,670 Compute the physical units for January. Beginning Work in Process Inventory Started into production Total units to be accounted for Ending Work in Process % Complete as to Conversion Cost Units 1,180 30%
GROUPER COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Equivalent Units of Production Physical QUANTITIES Units Materials Units to be accounted for Work in process, May 1 7,360 Started into production 29,440 Total units to be accounted for 36,800 Units accounted for Completed and transferred out 32,200 Work in process, May 31 4,600 Total units accounted for 36,800 COSTS Unit costs Costs in May Materials $128,800 Conversion Costs Conversion Costs $148,580 Total $277,380
Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 60,000 60% 40% Units started this period 322,000 Completed and transferred out 300,000 Ending work in process inventory 82,000 80% 30% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method.
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Data Table Gallons Beginning Work-in-Process Inventory 200 gallons Started in production 9,700 gallons Completed and transferred out to Packaging in March 4,800 gallons Ending Work-in-Process Inventory (80% of the way 5,100 gallons through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials $ 4,005 Direct labor 150 Manufacturing overhead allocated 240 Costs added during March: Direct materials 9,360 Direct labor 2,726 3,100 Manufacturing overhead allocated $ 15,186 Total costs added during March %24
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Current Attempt in Progress The manufacturing operations of Blossom, Inc. had the following balances at the beginning and end of January: Inventories January 1 January 31 Raw materials $12,240 $13,260 Work in process 21,420 23,460 Finished goods 14,280 16,320 Blossom transferred $295,800 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for the month. Cost of goods sold $