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- Eyring Manufacturing produces a component used in its production of washing machines. The time to set up and produce a batch of the components is two days. The average daily usage is 800 components, and the maximum daily usage is 875 components. Required: Compute the reorder point assuming that safety stock is carried by Eyring Manufacturing. How much safety stock is carried by Eyring?JVC Company makes fabric-covered hat boxes. The company began September with 500 boxes in process that were 100 percent complete as to cardboard, 4/5 complete as to cloth, and 3/5 complete as to conversion costs. During the month, 3,300 boxes were started. On September 30, 350 boxes were in process (100 percent complete as to cardboard, 30 percent incomplete as to cloth, and 45 percent incomplete as to conversion costs).Using the FIFO method, what are equivalent units for cloth? * A. 3,295 B. 3,450 C. 3,395 D. 3,595The packaging department began the month with 500 units that were 100% complete with regard to material and conversion. It received 9,600 units from the processing department and ended the month with 550 units that were 100% complete with regard to materials and 30% complete with regard to conversion. With a $5 per unit cost for conversion and a $5 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory? Units transferred out $ Ending inventory Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in 110,000 units before ending the month with 14,000 units that were 100% complete with regard to materials and 20% complete with regard to conversion costs. The cost per unit of material is $5.50 and the cost per unit for conversion is $8.30. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the…
- a manufacturer makes two products, windows and doors. Each must be processed through two work areas. Work are #1 has 50 hours of available production time. Work area #2 has 60 hours of available production time. Manufacturing of a window requires 3 hours in work area #1 and 2 hours in work area #2. Manufacturing of a door requires 1 hours in work area #1 and 4 hours in work area #2. Profit is $6 per door and $9 per window. make a table to show the points to make your constraint lines and test points for optimal profitBati Furniture LLC has completed production of 15,000 units in the month of January and the units are transferred to stores, 10,000 units of Work in process on 31st January was available which are equal to 50% completed units and 20,000 units of Work in process on 1st January which is equal to 72% competed units. You are required to assume that beginning work in progress is 35% completed and find the total number of equivalent units for the month of January. a. 31,000 units b. 6,500 units c. 13,000 units d. 5,600 unitsThe packaging department began the month with 500 units that were 100% complete with regard to material and conversion. It received 9,400 units from the processing department and ended the month with 550 units that were 100% complete with regard to materials and 20% complete with regard to conversion. With a $3 per unit cost for conversion and a $3 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory? Units transferred out fill in the blank 1 Ending inventory fill in the blank 2
- What are the numbers for the finished goods in the 4 column account? And how did you find them? Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April were as follows: Bal., 800 units, 30% completed: Direct materials (800 × $4.30) $3,440 Conversion (800 × 30% × $1.75) 420 $3,860 From Cooking Department, 7,800 units $34,320 Direct labor 8,562 Factory overhead 6,387 During April, 800 units in process on April 1 were completed, and of the 7,800 units entering the department, all were completed except 550 units that were 90% completed. Charges to Work in Process-Filling for May were as follows: From Cooking Department, 9,600 units $44,160 Direct labor 12,042 Factory overhead 6,878 During…Lara Company has a cycle time of 3 days, uses a raw and in process (RIP) account, and charges all conversion cost to cost of goods sold. At the end of each month, all inventories are counted, their conversation costs components are estimated, and inventory account balances are adjusted. Raw materials cost is BACKFLUSHED from RIP to Finished goods. The following information is for June. Beginning balance of RIP account including P 3,000 of conversion cost P 29,250 Beginning balance of finished goods account, including P 10,000 of conversion cost 30,000 Raw materials received on credit 562,500 Direct labor cost, P 375,000, factory overhead applied, P 450,000 Ending RIP inventory per physical count, including P 4,500 conversion cost 32,000 Ending finished goods inventory per count, including P 8,750…Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year’s production: Units to Account For Units Materials Conversion Beginning work in process inventory 400 400 250 Started 21,600 Total units to accounted for 22,000 Ending inventory was 100% complete as to materials and 80% complete as to conversion, and the total materials cost is $60,940 and the total conversion cost is $37,590. Using the weighted-average method, what are the unit costs if the company transferred out 17,000 units? If required, round final answers to two decimal places. Costper unit Materials $fill in the blank 1 Conversion $fill in the blank 2 Using the weighted-average method, what is the value of the inventory transferred out and the value of the ending WIP inventory? Inventory transferred out $fill in the blank 3…
- Zang Co. manufactures its products in a continuous process involving two departments, Machining and Assembly. Prepare journal entries to record the following transactions related to production during June: If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $180,000. fill in the blank ebb198fb5044008_2 fill in the blank ebb198fb5044008_4 b. Materials requisitioned by: Machining, $73,000 direct and $9,000 indirect materials; Assembly, $4,900 indirect materials. fill in the blank bc86e1f3a046016_2 fill in the blank bc86e1f3a046016_3 fill in the blank bc86e1f3a046016_5 fill in the blank bc86e1f3a046016_6 fill in the blank bc86e1f3a046016_8 fill in the blank bc86e1f3a046016_9 fill in the blank bc86e1f3a046016_11 fill in the blank bc86e1f3a046016_12 c. Direct labor used by Machining, $23,000; Assembly, $47,000. fill in the blank e1ca5ffd1ff8fbf_2 fill in the blank…Mannassass Company manufactures chairs. The following information was given for the company:Units, beginning work in process0Units started20,000Units completed?Units, ending work in process5,000Cost of direct materials$440,000Cost of conversion$64,000Materials in the ending inventory were 100% complete, and conversion in the ending inventory was 20% complete. What are theequivalent units for materials and conversion, respectively?a. 20,000; 16,000b. 20,000; 20,000c. 15,000; 15,000d. 15,000; 14,000Dagley’s Donuts is a business that sells fax machines. In order to help make decisions for the business, Mr. Dagley has his staff accountant create a Schedule of Raw Materials. If the Raw Materials transferred to ‘work in progress’ is $650,000, the Ending Raw Materials is $122,000, and the Net Purchase of Raw Materials is $756,000, what were the Beginning Raw Materials for the year?