Ashvin Exercise 5-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 5-2]Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for onedepartment for October:Units54,00038,000Equivalent units of productionPercent CompletedMaterials90%65%Work in process, October 1Work in process, October 31The department started 391,000 units into production during the month and transferred 407,000 completed units to the nextdepartment.Required:Compute the equivalent units of production for October.MaterialsConversion60%53%Conversion

Name: Ashvin Exercise 5-2 (Algo) Equivalent Units of Production-Weighted-Ave
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Description: Ashvin Exercise 5-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 5-2]Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for onedepartment for October:Units5

The conversion cost refers to the cost incurred in converting raw materials into finished goods and…

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Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units 54,000 38,000 Equivalent units of production Percent Completed Conversion 60% 53% Work in process, October 1 Work in process, October 31 The department started 391,000 units into production during the month and transferred 407,000 completed units to the next department. Materials 90% 65% Required: Compute the equivalent units of production for October. Materials Conversion

Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units 54,000 38,000 Equivalent units of production Percent Completed Conversion 60% 53% Work in process, October 1 Work in process, October 31 The department started 391,000 units into production during the month and transferred 407,000 completed units to the next department. Materials 90% 65% Required: Compute the equivalent units of production for October. Materials Conversion

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...

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Cost per equivalent unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of 9,000 of direct materials. A. Determine the number of units transferred to the next department. B. Determine the costs per equivalent unit of direct materials and conversion. C. Determine the cost of units started and completed in November.
ok t t nces Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 51,000 27,000 Equivalent units of production JUN 28 Percent Completed Conversion Materials The department started 390,000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials 95% 66% Conversion ave & Exit A Check m
Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Equivalent units of production Work in process, October 1 Work in process, October 31 The department started 391,000 units into production during the month and transferred 406,000 completed units to the next department. 47,000 32,000 Percent Completed Conversion 60% 45% Materials Materials Required: Compute the equivalent units of production for October. 85% 66% Conversion
Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 46,000 32,000 Equivalent units of production Percent Completed Conversion Materials Materials 95% 66% The department started 393,000 units into production during the month and transferred 407,000 completed units to the next department. Required: Compute the equivalent units of production for October. 55% 54% Conversion
1 Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: ts kipped eBook Het Print eferences Work in process, October 1 Work in process, October 31 Units 47,000 28,000 Equivalent units of production Percent Completed Conversion 60% 55% The department started 389,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Materials 90% 70% Conversion
Exercise 4-2 (Algo) Equivalent Units of Production—Weighted-Average Method [LO 4-2] Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 46,000 90 % 55 % Work in process, October 31 31,000 70 % 47 % The department started 395,000 units into production during the month and transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production: Materials: Conversion:
Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Conversion 60% 50% Units Work in process, October 1 52,000 90% 74% Work in process, October 31 39,000 The department started 397,000 units into production during the month and transferred 410,000 completed units to the next department. Equivalent units of production Materials Required: Compute the equivalent units of production for October. Materials Conversion
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2. 1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE TABLE April $1,100,310 3,001,940 3,601,030 $7,703,280 3,800 March Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April Direct materials costs $965,460 2,300,260 3,520,640 $6,786,360 6,000 17,500 4,500 Direct Jabor costs Manufacturing overhead applied Total manufacturing costs Units in beginning work in process Units transferred to finished goods Units in ending work in process 22,000 6,100 Express everything in UNITS March Аpril Beginning work in process Started and completed Ending work in process Total equivalent units Аpril Express everything in $ Total manufacturing cost per equivalent unit Direct materials cost per March equivalent unit
Chapter 4 Practice #1 5. ABC Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September. Work in process, September 1 Units started into production during September Units completed during September and transferred to the next department Work in process, September 30 Units 1,000 8,400 7,500 1,900 Percent Complete Materials Conversion 55% 10% 75% 25% Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method.
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units 47,000 34,000 Equivalent units of production Percent Completed Conversion 55% 46% Work in process, October 1 90% 65% Work in process, October 31 The department started 399,000 units into production during the month and transferred 412,000 completed units to the next department. Materials Required: Compute the equivalent units of production for October. Materials Conversion