Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 8,200 units, 60% completed *Direct materials (8,200 x $9.80) $101,024* $80,360 Conversion (8,200 × 60% x $4.20) 20,664 $101,024 Materials added during January from Weaving Department, 126,400 units Direct labor for January Factory overhead for January $1,251,360 240,404 293,828 Goods finished during January (includes goods in process, January 1), 127,800 units Work in process, January 31, 6,800 units, 20% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places. Karachi Carpet Company Cost of Production Report-Cutting Department Units Units charged to production: Inventory in process, January 1 For the Month Ended January 31 Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Costs Cost per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Cutting Department Cost allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total costs assigned by the Cutting Department Costs Direct Materials Conversion Total Costs | | | | | $ b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places. Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Increase or Decrease Amount

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department Date Dec. Item 1 Bal., 6,600 units, 3/5 completed 31 Direct materials, 118,800 units 31 Direct labor 31 Factory overhead 31 Goods finished, 120,300 units 31 Bal., ? units, 3/5 completed Debit 190,080 53,490 30,090 Credit 276,492 ACCOUNT NO. Balance Debit 13,134 203,214 256,704 286,794 10,302 10,302 Credit a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during December 4. Cost of units started and completed during December 5. Cost of the ending work in process . Assuming that the direct materials cost is the same for November and December, did the…

Peridot Company's grinding department had the following data for the month of January: Production: Units in process, January 1, 75% complete Units completed and transferred out Units in process, January 31, 45% complete Costs: Work in process, January 1 13,000 tons 39,000 tons 20,000 tons Costs added during January $6,265 $20,135 Determine the cost to be assigned to ending work-in-process (EWIP) using the weighted average method. (Note: Round the unit cost to two decimal places.) a. $4,950 Ob. $7,565 ○ c. $8,984 Od. $3,790

Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January. Use the average cost method to solve for the missing values with the following data: need help doing this report Description Dollar Amount Work in process, January 1, 3,400 units, 75% completed $32,000 Materials added during January from Weaving Department, 64,000 units 369,200 Direct labor 177,000 Factory overhead 89,710 Goods finished during January (includes goods in process, January 1), 63,500 units ? Work in process, January 31, 3,900 units, 10% completed ?

The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.Description Dollar amountWork in process, January 1, 1,400 units, 75% completed $22,960Direct materials (1,400 x $13) $18,200Conversion (1,400 x 12) 16,800Total direct materials and conversion 35,000Materials added during January from weaving department, 58,000 units 745,000Direct labor for January 134,550Factory overhead for January 151,661Goods finished during January (includes goods in process, January 1), 56,200 units ?Work in process, January 31, 3,200 units, 30% completed ?a. Find the missing values in the last two rowsb. Prepare a cost of production report for the Cutting Department. c. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December

a.  Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.   The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 8,200 units, 65% completed   $103,894*     *Direct materials (8,200 × $10.2) $83,640       Conversion (8,200 × 65% × $3.8) 20,254     $103,894   Materials added during January from Weaving Department, 126,400 units   $1,301,920 Direct labor for January   219,708 Factory overhead for January   268,533 Goods finished during January (includes goods in process, January 1), 127,800 units   — Work in process, January 31, 6,800 units, 40% completed   — Cost of Production Report-Cutting Department For the Month Ended January 31 Unit Information Units charged to production: Number of…

Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 10,400 units, 80% completed   $128,128*     *Direct materials (10,400 × $8.00) $83,200       Conversion (10,400 × 80% × $5.40) 44,928     $128,128   Materials added during January from Weaving Department, 160,000 units   $1,304,000 Direct labor for January   387,313 Factory overhead for January   473,382 Goods finished during January (includes goods in process, January 1), 161,800 units   — Work in process, January 31, 8,600 units, 35% completed a.  Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.   b.  Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from…

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department Date Item Dec. 1 Bal., 7,200 units, 2/5 completed 31 Direct materials, 129,600 units 31 Direct labor Debit Credit 220,320 59,510 33,478 ACCOUNT NO. 315,216 Balance Debit 14,112 234,432 293,942 31 Factory overhead 327,420 31 Goods finished, 131,400 units 12,204 31 Bal., ? units, 4/5 completed 12,204 X a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. Credit 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during December 4. Cost of units started and completed during December 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and December, did the…

Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process—Rolling on September 1 and debits to the account during September were as follows: Bal., 1,000 units, 40% completed:     Direct materials (1,000 x $6.20) $ 6,200   Conversion (1,000 x 40% x $2.60) 1,040   $ 7,240 From Smelting Department, 22,800 units $143,640 Direct labor 38,329 Factory overhead 20,639 During September, 1,000 units in process on September 1 were completed, and of the 22,800 units entering the department, all were completed except 2,400 units that were 70% completed. Charges to Work in Process—Rolling for October were as follows: From Smelting Department, 26,200 units $170,300 Direct labor 48,760 Factory…