1. Determine Number of Units Transferred to Assembly Department. Concept Introduction: Process Costing : Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process. Requirement 1 To Determine Number of Units Transferred to Assembly No of units transferred to Assembly=187500 Units

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Answer 1

Question

Chapter 20, Problem 6PSA

To determine

1. Determine Number of Units Transferred to Assembly Department.

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 1

To Determine Number of Units Transferred to Assembly

No of units transferred to Assembly=187500 Units

Requirement 2

To determine

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

Requirement 3

To determine

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

To determine

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 4

To Determine:

Assign Cost to Units Transferred out and Ending Work in process.

Total Cost of Units Transferred out= $781451

Total Cost of Ending Work in Process=$101578

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Answer 2

Question

Chapter 20, Problem 6PSA

To determine

1. Determine Number of Units Transferred to Assembly Department.

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 1

To Determine Number of Units Transferred to Assembly

No of units transferred to Assembly=187500 Units

Requirement 2

To determine

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

Requirement 3

To determine

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

To determine

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 4

To Determine:

Assign Cost to Units Transferred out and Ending Work in process.

Total Cost of Units Transferred out= $781451

Total Cost of Ending Work in Process=$101578

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 20, Problem 6PSA

To determine

1. Determine Number of Units Transferred to Assembly Department.

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 1

To Determine Number of Units Transferred to Assembly

No of units transferred to Assembly=187500 Units

Requirement 2

To determine

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

Requirement 3

To determine

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

To determine

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 4

To Determine:

Assign Cost to Units Transferred out and Ending Work in process.

Total Cost of Units Transferred out= $781451

Total Cost of Ending Work in Process=$101578

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 20, Problem 6PSA

To determine

1. Determine Number of Units Transferred to Assembly Department.

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 1

To Determine Number of Units Transferred to Assembly

No of units transferred to Assembly=187500 Units

Requirement 2

To determine

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

Requirement 3

To determine

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

To determine

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 4

To Determine:

Assign Cost to Units Transferred out and Ending Work in process.

Total Cost of Units Transferred out= $781451

Total Cost of Ending Work in Process=$101578

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 20, Problem 6PSA

To determine

1. Determine Number of Units Transferred to Assembly Department.

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 1

To Determine Number of Units Transferred to Assembly

No of units transferred to Assembly=187500 Units

Requirement 2

To determine

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

Requirement 3

To determine

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

To determine

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 4

To Determine:

Assign Cost to Units Transferred out and Ending Work in process.

Total Cost of Units Transferred out= $781451

Total Cost of Ending Work in Process=$101578

Answer 6

Chapter 20, Problem 6PSA

To determine

1. Determine Number of Units Transferred to Assembly Department.

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 1

To Determine Number of Units Transferred to Assembly

No of units transferred to Assembly=187500 Units

Answer 7

Chapter 20, Problem 6PSA

To determine

1. Determine Number of Units Transferred to Assembly Department.

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 1

To Determine Number of Units Transferred to Assembly

No of units transferred to Assembly=187500 Units

Answer 8

Requirement 2

To determine

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

Answer 9

Requirement 2

To determine

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

Answer 10

Requirement 3

To determine

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

Answer 11

Requirement 3

To determine

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

Answer 12

To determine

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 4

To Determine:

Assign Cost to Units Transferred out and Ending Work in process.

Total Cost of Units Transferred out= $781451

Total Cost of Ending Work in Process=$101578

Answer 13

To determine

Concept Introduction:

Process Costing:

Process costing is mainly used in manufacturing units, wherein bulk units of standard goods are produced at a time in lots. It is used for each department of production to determine the costs assigned to units transferred out and ending work in process.

Requirement 4

To Determine:

Assign Cost to Units Transferred out and Ending Work in process.

Total Cost of Units Transferred out= $781451

Total Cost of Ending Work in Process=$101578

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

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

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit

Want to see the full answer?

Chapter 20 Solutions

Concept explainers

Videos

To Determine: 2. Equivalent Units with respect to Materials and Conversion Using FIFO Method. Equivalent Units with respect to Materials= 195750 Units Equivalent Units with respect to Conversion Cost= 182750 Units

To Determine: Direct Material Cost and Conversion Cost per Equivalent Unit. Direct Material Cost per unit= $2.58 per unit Conversion Cost per unit=$2.17 per unit

Want to see the full answer?

Chapter 20 Solutions

To Determine:

2. Equivalent Units with respect to Materials and Conversion Using FIFO Method.

Equivalent Units with respect to Materials= 195750 Units

Equivalent Units with respect to Conversion Cost= 182750 Units

To Determine:

Direct Material Cost and Conversion Cost per Equivalent Unit.

Direct Material Cost per unit= $2.58 per unit

Conversion Cost per unit=$2.17 per unit