Work-in-Process Inventory, June 1 ? Work-in-Process Inventory, June 30 55,000 gallons Units started during June 75,000 gallons Units completed and transferred during June 83,000 gallons
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Work-in-Process Inventory, June 1 |
? |
Work-in-Process Inventory, June 30 |
55,000 gallons |
Units started during June |
75,000 gallons |
Units completed and transferred during June |
83,000 gallons |
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- Sarasota Company has the following production data for January End. Work in Process Inventory Beg. Work in Units Started % Complete as to Process Inv into Production Units -0- FL180 1,240 Conversion Cost 3084 Compute the physical units for January. Beginning work in process inventory Started into production Total units to be accounted for Completed and transferred out Ending work in process inventory Total units accounted forThe following cost information is available for July for the Crest Plant at Calvert Company: Beginning work-in-process inventory Materials cost Conversion cost Total Current costs Materials cost Conversion cost Total $ 57,000 36,000 $ 93,000 $ 130,000 380,000 $ 510,000 Materials are added at the beginning of the process. The following quantities have been recorded: Beginning inventory, 41,000 partially complete gallons, 35 percent complete with respect to conversion costs. • Units started in July, 81,000 gallons. • Units transferred out in July, 91,000 gallons. Ending inventory, 31,000 gallons, 50 percent complete with respect to conversion costs. Cost of goods transferred out Ending inventory Required: Compute the cost of goods transferred out and the ending inventory for July using the FIFO method. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.Inventory in process, January 1, 12,000 units: Direct materials costs for 12,000 units Conversion costs, for 12,000 units, 50% completed Total inventory in process January 1 Direct materials cost for January, 82,000 units Direct labor cost for January Factory overhead applied for January Total production costs to account for Units transferred to Department B in January (includes units in process on January 1). 90,000 units Inventory in process January 31, 4,000 units. 50% completed as to conversion costs $40,000 15,000 $55,000 $550,000 $125,000 $18,000 $748,000
- Work-in-Process Inventory, November 1 45,000 units Work-in-Process Inventory, November 30 23,000 units Units started during November 57,000 units Units completed and transferred during November ?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 gallonsEquivalent units of materials cost The Rolling Department of Fortress Steel Company had 200 tons in beginning work in process inventory (60% complete) on July 1. During July, 3,900 tons were completed. The ending work in process inventory on July 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?
- 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 = $9,356Process Costing - Assembly Department - AUGUST Information regarding inventory production for the Assembly Department for Aug is as follows Direct Materials Costs in August for 71,100 Units Direct Labor Costs incurred in August Factory Overhead costs incurred in August Work completed in August: 69,300 units Ending Work in Progress, August 31:8,900 units, 60% completedRequired information [The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $1,069,960 on October 1. Of this amount, $459,200 was the cost of direct materials and $610,760 was the cost of conversion. The 63,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 132,000 units were transferred out and 45,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,578,400 for direct materials and $4,182,090 for conversion. Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate calculations to 2 decimal places.)
- Required information [The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $748,960 on October 1. Of this amount, $311,920 was the cost of direct materials and $437,040 was the cost of conversion. The 55,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs. During October, 116,000 units were transferred out and 37,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,821,000 for direct materials and $3,582,720 for conversion. Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Round intermediate calculations to 2 decimal places.)August 1 Bal., 7,800 units, 2/5 completed 31 Direct materials, 140,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 142,200 units 31 Bal., ? units, 2/5 completed Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total 238,680 63,380 35,656 a. Determine the number of units in work in process inventory at August 31. units 341,748 b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Whole Units 7,800 15,912 254,592 317,972 353,628 11,880 11,880 0 Equivalent Units Equivalent Direct Materials Units Conversion 1,560Data 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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