A company started the month with 8,333 units in work in process inventory. It started 23,146 units and had an ending inventory of 9,322. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred out
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A: Answer :
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Q: How many units were transferred out during the period?
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A: Units transferred to the next processing department = Beginning work in process inventory +…
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Q: The inventory at June 1 and costs charged to Work in Process—Department 60 during June are as…
A: Weighted average method of inventory says that weighted average cost per unit should be calculated…
Q: A company has 1,400 units in ending work in process that are 20% complete after transferring out…
A: Work-in-progress (WIP) is a term used in manufacturing and supply-chain management to describe…
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Q: Haze Company had 6,400 units of work-in-process inventory in department A on October 1, 2022. These…
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Q: ., the Welding Department, started the month with 18,000 units in its beginning work in process…
A: Under Average method, it is considered that 100% of opening WIP is completed during this period…
Q: A company started the month with 8,333 units in work in process inventory. It started 23,146 units…
A: Under process costing, the average cost is calculated by allocating the total costs to the total…
Q: The beginning work in process inventory in the Assembly Department of the Love Company on March 1…
A: Particulars Actual labour unite equivalent units in labour Transferred out 7200 7200 Ending…
Q: The Assembly Department of Interface, Inc., manufacturer of computers, had 500 units of beginning…
A: Total Number of Units to account for = Beginning Inventory + Transferred units.
Q: In EASY company on November 1, 10,000 units of product that were 30% complete were in process.…
A: Under FIFO, the completion percentage of beginning work in process is relevant as it is used in the…
Q: The Townson Manufacturing Company has gathered the following information for the month of September…
A:
Q: Acer Corporation. has the following information for June All material is added at the start of the…
A: Solution 1: Units transferred out in june = Units in beginning inventory + Units started - Units in…
Q: The Townson Manufacturing Company has gathered the following information for the month of September:…
A: Units transferred out = beginning work-in-process + units started - Ending inventory 50,000 = 6,000…
Q: In EASY company on November 1, 10,000 units of product that were 30% complete were in process.…
A: Equivalent units of production using FIFO = Beginning work in process + Units started and completed…
Q: The Townson Manufacturing Company has gathered the following information for the month of September…
A: Calculate the number of units started and completed during the month of September as follows:…
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- A company has 1,500 units in ending work in process that are 30% complete after transferring out 10,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $7 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.Production data show 15,200 units were transferred out of a stage of production and 3,500 units remained in ending WIP inventory that was 100% complete to material and 60% complete to conversion. The unit material cost is $9 for material and $4 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?
- The packaging department began the month with 750 units that were 100% complete with regard to material and 25% complete with regard to conversion. It received 9,500 units from the processing department and ended the month with 500 units that were 100% complete with regard to materials and 75% complete with regard to conversion. With a $7 per unit material cost and a $4 per unit cost for conversion, what is the cost of the units transferred out and remaining in ending inventory?The packaging department began the month with 500 units that were 100% complete with regard to material and 85% complete with regard to conversion. It received 9,500 units from the processing department and ended the month with 750 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?Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in 130,000 units before ending the month with 14,000 units that were 100% complete with regard to materials and 30% complete with regard to conversion costs. The cost per unit of material is $5.80 and the cost per unit for conversion is $8.20 per unit. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the month?
- Rexar had 1,000 units in beginning inventory before starting 9.500 units and completing 8,000 units. The beginning work in process inventory consisted of $5,000 in materials and $8,500 in conversion costs before $16,000 of materials and $18,500 of conversion costs were added during the month. The ending WIP inventory was 100% complete with regard to materials and 40% complete with regard to conversion costs. Prepare the journal entry to record the transfer of inventory from the manufacturing department to the finished goods department.A company started the month with 8,329 units in work in process inventory. It started 23,142 unit and had an ending inventory of 9,321. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period?Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for direct materials and conversion costs. 3. Compute unit cost. Round to three decimal places. 4. Calculate the cost of goods transferred to Painting at the end of the month. Calculate the cost of ending inventory.
- Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year: Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead. The cost of goods transferred out for the year is: a. 4,471,200 b. 3,571,200 c. 3,780,000 d. 3,024,000A company started the month with 4,519 units in work in process inventory. It started 15,295 units and had an ending inventory of 4,936. The units were 100% complete to materials and 30% complete with conversion. How many units were transferred out during the period?Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted-average method: beginning inventory of 2,500 units is 100% complete with regard to materials and 60% complete with regard to conversion 18,000 units were started during the period 17,500 units were completed and transferred ending inventory is 100% complete with materials and 65% complete with conversion