Equivalent units of Production: The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units. Requirement 1 To calculate: a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete. b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete. c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete. d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

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Answer 1

Question

Chapter 20, Problem E20.28E

To determine

Concept Introduction:

Equivalent units of Production:

The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units.

Requirement 1

To calculate:

a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete.

b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete.

c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete.

d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

To determine

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

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Swifty Corporation purchased Windsor Company 3 years ago and at that time recorded goodwill of $380,000. The Windsor Division's net assets, including the goodwill, have a carrying amount of $760,000. The fair value of the division is estimated to be $1,010,000. Prepare Swifty' journal entry, if necessary, to record impairment of the goodwill. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation eTextbook and Media Debit Credit

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Answer 2

Question

Chapter 20, Problem E20.28E

To determine

Concept Introduction:

Equivalent units of Production:

The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units.

Requirement 1

To calculate:

a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete.

b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete.

c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete.

d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

To determine

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

Expert Solution & Answer

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Answer 3

Question

Chapter 20, Problem E20.28E

To determine

Concept Introduction:

Equivalent units of Production:

The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units.

Requirement 1

To calculate:

a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete.

b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete.

c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete.

d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

To determine

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 20, Problem E20.28E

To determine

Concept Introduction:

Equivalent units of Production:

The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units.

Requirement 1

To calculate:

a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete.

b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete.

c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete.

d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

To determine

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 20, Problem E20.28E

To determine

Concept Introduction:

Equivalent units of Production:

The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units.

Requirement 1

To calculate:

a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete.

b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete.

c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete.

d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

To determine

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

Answer 6

Chapter 20, Problem E20.28E

To determine

Concept Introduction:

Equivalent units of Production:

The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units.

Requirement 1

To calculate:

a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete.

b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete.

c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete.

d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

Answer 7

Chapter 20, Problem E20.28E

To determine

Concept Introduction:

Equivalent units of Production:

The equivalent units of production can be defined as the units, when they are multiplied with the percentage of their completion, then it is said to be complete units as per their level of completion. For example, in ending inventory, there are 2,000 units 30 % complete, the equivalent units for these 2,000 units will be = 2,000 X 30 % = 600 units. Thus, 600 units are equivalent units.

Requirement 1

To calculate:

a. Beginning inventory % of the materials and % of the conversion costs were added during April, if work-in-process inventory on March 31 was 30 % complete and 45% for conversion costs complete.

b. Ending inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on April 30 was 65 % complete and 75% for conversion costs complete.

c. Beginning inventory % of the materials and % of the conversion costs were added during April if work-in-process inventory on March 31 was 70 % complete and 80% for conversion costs complete.

d. Ending inventory % of the materials and % of the conversion costs were added during Aprilif work-in-process inventory on April 30 was 55 % complete and 80% for conversion costs complete.

Answer 8

To determine

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

Answer 9

To determine

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 20 - Prob. 1QC Ch. 20 - Prob. 2QC Ch. 20 - Prob. 3QC Ch. 20 - Prob. 4QC Ch. 20 - Prob. 5QC Ch. 20 - Prob. 6QC Ch. 20 - Prob. 7QC Ch. 20 - Prob. 8QC Ch. 20 - Prob. 9QC Ch. 20 - Prob. 10QC

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Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

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Chapter 20 Solutions

Concept explainers

Videos

Requirement 2 To compute: Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.

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Chapter 20 Solutions

Requirement 2

To compute:

Equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments.