Costs assigned to Units transferred and units in ending inventory: The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned. The costs assigned to units transferred are calculated as under − C o s t s a s s i g n e d t o u n i t s t r a n s f e r r e d = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s The costs assigned to ending inventory are calculated as under − C o s t s a s s i g n e d t o ending inventory = E q u i v a l e n t u n i t s o f m a t e r i a l s X C o s t p e r e q u i v a l e n t u n i t s + E q u i v a l e n t u n i t s o f c o n v e r s i o n X C o s t p e r e q u i v a l e n t u n i t s To assign: Costs to the assembly department's output for − Units transferred out to painting department Units in ending inventory (units that remain n process in the assembly department at month-end)

Question

Want to see the full answer?

Answer 1

Question

Chapter 20, Problem 16QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.
The costs assigned to units transferred are calculated as under −
Costs assigned to units transferred =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

The costs assigned to ending inventory are calculated as under −
Costs assigned to ending inventory =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

To assign:

Costs to the assembly department's output for −
Units transferred out to painting department

Units in ending inventory (units that remain n process in the assembly department at month-end)

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

what is Sophia's return on equity?

Hi expert please give me answer general accounting question

I want to correct answer general accounting question

Answer 2

Question

Chapter 20, Problem 16QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.
The costs assigned to units transferred are calculated as under −
Costs assigned to units transferred =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

The costs assigned to ending inventory are calculated as under −
Costs assigned to ending inventory =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

To assign:

Costs to the assembly department's output for −
Units transferred out to painting department

Units in ending inventory (units that remain n process in the assembly department at month-end)

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 20, Problem 16QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.
The costs assigned to units transferred are calculated as under −
Costs assigned to units transferred =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

The costs assigned to ending inventory are calculated as under −
Costs assigned to ending inventory =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

To assign:

Costs to the assembly department's output for −
Units transferred out to painting department

Units in ending inventory (units that remain n process in the assembly department at month-end)

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 20, Problem 16QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.
The costs assigned to units transferred are calculated as under −
Costs assigned to units transferred =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

The costs assigned to ending inventory are calculated as under −
Costs assigned to ending inventory =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

To assign:

Costs to the assembly department's output for −
Units transferred out to painting department

Units in ending inventory (units that remain n process in the assembly department at month-end)

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 20, Problem 16QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.
The costs assigned to units transferred are calculated as under −
Costs assigned to units transferred =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

The costs assigned to ending inventory are calculated as under −
Costs assigned to ending inventory =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

To assign:

Costs to the assembly department's output for −
Units transferred out to painting department

Units in ending inventory (units that remain n process in the assembly department at month-end)

Answer 6

Chapter 20, Problem 16QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.
The costs assigned to units transferred are calculated as under −
Costs assigned to units transferred =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

The costs assigned to ending inventory are calculated as under −
Costs assigned to ending inventory =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

To assign:

Costs to the assembly department's output for −
Units transferred out to painting department

Units in ending inventory (units that remain n process in the assembly department at month-end)

Answer 7

Chapter 20, Problem 16QS

To determine

Concept Introduction:

Costs assigned to Units transferred and units in ending inventory:

The costs are assigned to units transferred and units in ending inventory on the basis of equivalent units in materials and conversion and cost per units assigned.
The costs assigned to units transferred are calculated as under −
Costs assigned to units transferred =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

The costs assigned to ending inventory are calculated as under −
Costs assigned to ending inventory =Equivalent units of materials X Cost per equivalent units +Equivalent units of conversion X Cost per equivalent units

To assign:

Costs to the assembly department's output for −
Units transferred out to painting department

Units in ending inventory (units that remain n process in the assembly department at month-end)

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 20 - Prob. 1QS Ch. 20 - Prob. 2QS Ch. 20 - Process vs. job order operations C1 For each of...Ch. 20 - Physical flow reconciliation C2 Prepare a physical...Ch. 20 - Prob. 5QS Ch. 20 - A FIFO: Computing equivalent units C4 Refer to QS...Ch. 20 - Prob. 7QS Ch. 20 - Prob. 8QS Ch. 20 - Prob. 9QS Ch. 20 - Prob. 10QS

Concept explainers

Videos

Want to see the full answer?

Chapter 20 Solutions