The equivalent units of transferred in costs, direct material and conversion costs for June 2014. Given information: Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%. Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%. Total cost added during June is $27,000. Beginning transferred in cost is $60,000. Total transferred in cost added during June is $117,000. Beginning cost of conversion is $24,000. Total conversion cost added during June is $62,400.

Question

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Answer 1

Question

Chapter 17, Problem 17.26E

1.

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs for June 2014.

Given information:

Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%.

Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%.

Total cost added during June is $27,000.

Beginning transferred in cost is $60,000.

Total transferred in cost added during June is $117,000.

Beginning cost of conversion is $24,000.

Total conversion cost added during June is $62,400.

2.

To determine

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

3.

To determine

To compute: The cost assign to units completed and units in ending work in process.

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Answer 2

Question

Chapter 17, Problem 17.26E

1.

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs for June 2014.

Given information:

Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%.

Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%.

Total cost added during June is $27,000.

Beginning transferred in cost is $60,000.

Total transferred in cost added during June is $117,000.

Beginning cost of conversion is $24,000.

Total conversion cost added during June is $62,400.

2.

To determine

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

3.

To determine

To compute: The cost assign to units completed and units in ending work in process.

Expert Solution & Answer

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Answer 3

Question

Chapter 17, Problem 17.26E

1.

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs for June 2014.

Given information:

Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%.

Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%.

Total cost added during June is $27,000.

Beginning transferred in cost is $60,000.

Total transferred in cost added during June is $117,000.

Beginning cost of conversion is $24,000.

Total conversion cost added during June is $62,400.

2.

To determine

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

3.

To determine

To compute: The cost assign to units completed and units in ending work in process.

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Answer 4

Question

Chapter 17, Problem 17.26E

1.

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs for June 2014.

Given information:

Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%.

Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%.

Total cost added during June is $27,000.

Beginning transferred in cost is $60,000.

Total transferred in cost added during June is $117,000.

Beginning cost of conversion is $24,000.

Total conversion cost added during June is $62,400.

2.

To determine

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

3.

To determine

To compute: The cost assign to units completed and units in ending work in process.

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Answer 5

Chapter 17, Problem 17.26E

1.

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs for June 2014.

Given information:

Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%.

Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%.

Total cost added during June is $27,000.

Beginning transferred in cost is $60,000.

Total transferred in cost added during June is $117,000.

Beginning cost of conversion is $24,000.

Total conversion cost added during June is $62,400.

2.

To determine

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

3.

To determine

To compute: The cost assign to units completed and units in ending work in process.

Answer 6

Chapter 17, Problem 17.26E

1.

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs for June 2014.

Given information:

Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%.

Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%.

Total cost added during June is $27,000.

Beginning transferred in cost is $60,000.

Total transferred in cost added during June is $117,000.

Beginning cost of conversion is $24,000.

Total conversion cost added during June is $62,400.

Answer 7

Chapter 17, Problem 17.26E

1.

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs for June 2014.

Given information:

Beginning: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 50%.

Ending: Degree of completion: transferred in costs 100%, direct material 0%; conversion costs; 75%.

Total cost added during June is $27,000.

Beginning transferred in cost is $60,000.

Total transferred in cost added during June is $117,000.

Beginning cost of conversion is $24,000.

Total conversion cost added during June is $62,400.

Answer 8

2.

To determine

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

Answer 9

2.

To determine

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

Answer 10

3.

To determine

To compute: The cost assign to units completed and units in ending work in process.

Answer 11

3.

To determine

To compute: The cost assign to units completed and units in ending work in process.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 17 - Give three examples of industries that use...Ch. 17 - In process costing, why are costs often divided...Ch. 17 - Explain equivalent units. Why are equivalent-unit...Ch. 17 - What problems might arise in estimating the degree...Ch. 17 - Name the five steps in process costing when...Ch. 17 - Name the three inventory methods commonly...Ch. 17 - Describe the distinctive characteristic of...Ch. 17 - Describe the distinctive characteristic of FIFO...Ch. 17 - Prob. 17.9Q Ch. 17 - Identify a major advantage of the FIFO method for...

To compute: The cost assign to equivalent units of transferred in costs direct material and conversion costs.

To compute: The cost assign to units completed and units in ending work in process.

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Chapter 17 Solutions