Use the data given below. Percent of Blending Process Units of Product Conversion Beginning work in 1,82,000 process Goods started 3,90,000 Goods completed 4,20,000 Ending work in process 1,52,000 85% 100% 100% 25% Compute the total equivalent units of production for conversion using the weighted average method.

Use the data given below. Percent of Blending Process Units of Product Conversion Beginning work in 1,82,000 process Goods started 3,90,000 Goods completed 4,20,000 Ending work in process 1,52,000 85% 100% 100% 25% Compute the total equivalent units of production for conversion using the weighted average method.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 7PB: The following data show the units in beginning work in process inventory, the number of units...

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The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added 50% at the beginning of the process and 50% at the end of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.
Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted-average method: beginning inventory of 2,500 units is 100% complete with regard to materials and 60% complete with regard to conversion 18,000 units were started during the period 17,500 units were completed and transferred ending inventory is 100% complete with materials and 65% complete with conversion
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added at the beginning of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.
Given the following information, determine the equivalent units of ending work in process for materials and conversion using the weighted-average method: Beginning inventory of 750 units is 100% complete with regard to materials and 30% complete with regard to conversion. 9,500 units were started during the period. 8,900 units were completed and transferred. Ending inventory is 100% complete with regard to materials and 68% complete with regard to conversion.
Refer to QS 20-4. Compute the total equivalent units of production for conversion using the weighted-average method."
Compute the number of equivalent units with respect to conversion using the weighted-average method. Direct Materials Conversion Percent Units Percent Complete Complete Beginning work in process inventory Units started and completed 35,000 100% 55% 110,000 Units completed and transferred out Ending work in process inventory 145,000 40,000 100% 30%
Compute the conversion cost per equivalent unit for the Production department using the weighted-average method. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Production department follows. Beginning work in process Conversion costs added this period Conversion Multiple Choice O $172 O $5.60. $0.94 $5.02 Direct Materials Units Percent Complete Percent Complete 10,000 76,000 86,000 15,000 $ 52,100 450, 500 100% 100% Conversion < Prev 30% 25% 12 of 25 Next
A process manufacturer that uses the weighted-average method reports the following. Beginning work in process inventory Units completed and transferred out Ending work in process inventory Equivalent units of production for conversion are: Multiple Choice O 125,200. Units 38,000 108,000 43,000 Conversion Percent Complete 80% 40%
Indigo Company uses weighted-average process costing and adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Complete the following calculation of equivalent units of production for materials and conversion costs. Phisical Units Materials Convertion Cost Completed and Transferred 48,000 ???? ???? Ending work in process inventory ???? ???? ???? Materials ???? ???? ???? Convertion Cost, 75% complete ???? ???? 14,400 Total Units ???? ???? ????
Required information [The following information applies to the questions displayed below.] Units of Percent of Blending Process Beginning work in process Product Conversion 164,000 345,000 375,000 134,000 85% Goods started 100 Goods completed Ending work in process 100 40 Compute the total equivalent units of production for conversion using the weighted-average method. Equivalent units of production (EUP) with respect to conversion - weighted average method Units % Conversion EUP Total
A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 158,000 85% Units started this period 330,000 Units completed and transferred out 360,000 Ending work in process inventory 128,000 25% Assume the company utilizes the wieghted-average method. What are the equivalent units of production for conversion costs?
Materials are added at the beginning of the production process. Conversion costs are added uniformly throughout the production process. Assuming a FIFO flow of costs, what is this company's computed total production cost transferred out during the period?