What is the missing amount in this physical flow of units? Work in process, June 1 110,000 gallons Units started in June 800,000 gallons Units completed during June Work in process, June 30 ? 100,000 gallons

What is the missing amount in this physical flow of units? Work in process, June 1 110,000 gallons Units started in June 800,000 gallons Units completed during June Work in process, June 30 ? 100,000 gallons

Name: What is the missing amount in this physical flow of units?Work in pro
Uploaded: 2024-03-20T06:32:49.000Z
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Description: What is the missing amount in this physical flow of units?Work in process, June 1110,000gallonsUnits started in June800,000gallonsUnits completed during JuneWork in process, June 30100,000gallons

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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Gallons Beginning Work-in-Process Inventory = 400 gallons Started in production = 8,700 gallons Completed and transferred out to Packaging in March = 7,900 gallons Ending Work-in-Process Inventory (80% of the way = 1,200 gallons through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials =$6,370 Direct labor = 250 Manufacturing overhead allocated = 260 Costs added during March: Direct materials = 4,550 Direct labor = 196 Manufacturing overhead allocated = 4,610 Total costs added during March = $9,356
Date ACCOUNT Work in Process-Forging Department Nov. Item 1 Bal., 900 units, 60% completed 30 Direct materials, 12,900 units 30 Direct labor 30 Factory overhead 30 Goods transferred, 2 units 30 Bal., 1,400 units, 70% completed $ Debit 123,840 21,650 16,870 $ Credit ? ACCOUNT NO. Balance Debit Direct materials cost per equivalent unit Conversion cost per equivalent unit 10,566 134,406 156,056 172,926 ? Cost per equivalent units of $9.60 for Direct Materials and $3.00 for Conversion Costs. Based on the above data, determine each of the following amounts. ? If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. a. Cost of beginning work in process inventory completed in November. Credit b. Cost of units transferred to the next department during November. $ c. Cost of ending work in process inventory on November 30. d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in…
Question 1 of 1 \table[[Manufacturing Costs, Production Data], [Beginning work in process, $50, 193, Beginning work in process, 23, 400 units], [Costs added during month,,Units completed and transferred out,84, 240], [Direct materials, 299, 520, Units started in production, 99, 840], [Direct labor, 54, 756, Ending work in process,39,000 units], [Manufacturing overhead, 106, 704,, ]] Beginning work in process and ending work in process were 10% and 20% complete with respect to conversion costs, respectively. Prepare a production cost report for the Welding Department for February 2022. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) (3) Work in process, February 1 23400 SUPPORT Started into production 99840 larr Check for Understanding Chapter 16 Question 1 of 1 i Completed and 10 - transferred out Work in process, February 1 Started and completed Total Work in process, February 28 tal units (B) Costs to be accounted for
how can I resolve this problem? Percent Completed Units Materials Conversion Work in process, beginning 50,000 70% 40% Started into production 265,000 Completed and transferred out 255,000 Work in process, ending 60,000 75% 25% Materials Conversion Work in process, beginning $ 16,600 $ 5,000 Cost added during June $ 178,400 $ 105,700 Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion in June. 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June. 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June. 5. Prepare a cost reconciliation report for the Blending Department for June.
Evaporation is 8% for 20 days processing Compute for the original quantity of each of the ff: 1) 2,940 gals. five days processed 2) 4,840 gals. eight days processed 3) 7,904 gals. three days processed Ref: Cost Accounting, Process Costing
Question Content Area Department A had 4, 800 units in Work in Process that were 79% completed at the beginning of the period at a cost of $6, 100. During the period, 25,000 units of direct materials were added at a cost of $55,000, and 27,700 units were completed. At the end of the period, 2, 100 units were 36% completed. All materials are added at the beginning of the process. Direct labor was $25,200 and factory overhead was $4,200. The cost of the 2,100 units in process at the end of the period if the first - in, first-out method is used to cost inventories was a. $5,521 b. $6, 422 c. $5,071 d. $4,620
Units 15,000 Work in process, May 1 Units started during May 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Direct Materials Conversion Costs Total Costs: Work in process, May 1 $ 41,250 Costs incurred during May 234,630 Totals $ 16,500 72,000 $275,880 $88.500 None of the answers is correct. $2.50 $2.76. $2.53. $24.750 162,630 $ 187,380 Using the weighted-average method of process costing, the cost per unit of conversion activity is: $2.70.
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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