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.

Question

Want to see the full answer?

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.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Audit, Fraud, Or Forensic Accounting Introduce yourself to your peers by sharing something unique about your background. Explain how you expect this course will help you move forward in your current or future career. This course covers forensic accounting, so it's important to establish the differences between an audit, a fraud examination, and a forensic accounting engagement. Think about the fraud conviction of Elizabeth Holmes, as described in the video, "Elizabeth Holmes Found Guilty in Theranos Fraud Trial." Then respond to the following: Imagine you are assigned to the Theranos case. Write the first five questions you would ask if you were an auditor, the first five questions as a fraud examiner, and the first five as a forensic accountant. After your questions, explain why the questions and approaches are different among the three roles. Be sure to respond to at least one of your classmates' posts.

Financial Account subject

ACCOUNT QUESTIONS

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

Want to see the full answer?

Check out a sample textbook solution

See solution

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

Want to see the full answer?

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

Want to see the full answer?

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

Want to see the full answer?

Check out a sample textbook solution

See solution

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

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.

Want to see the full answer?

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.

Want to see the full answer?

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.