Department A of Muscat Company has the following production and cost data for April. Production: Beginning work in process 10,000 units that are 100% complete as to materials and 20% complete as to conversion costs; units transferred out 17,000 units; and ending work in process 1,000 units that are 100% complete as to materials and 40% complete as to conversion costs. An analysis of the costs relating to work in process at April 1 and to production activity for April as follows: Materials Conversion OMR Work in process 4/1.. .. OMR30,000 OMR 135,000 OMR Costs added during April.. 600,000 300,000 Instructions (a) Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of April. (b) The total cost per equivalent unit for April

Department A of Muscat Company has the following production and cost data for April. Production: Beginning work in process 10,000 units that are 100% complete as to materials and 20% complete as to conversion costs; units transferred out 17,000 units; and ending work in process 1,000 units that are 100% complete as to materials and 40% complete as to conversion costs. An analysis of the costs relating to work in process at April 1 and to production activity for April as follows: Materials Conversion OMR Work in process 4/1.. .. OMR30,000 OMR 135,000 OMR Costs added during April.. 600,000 300,000 Instructions (a) Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of April. (b) The total cost per equivalent unit for April

Name: Department A of Muscat Company has the following production and cost
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Description: Department A of Muscat Company has the following production and cost data for April.Production: Beginning work in process 10,000 units that are 100% complete as tomaterials and 20% complete as to conversion costs; units transferred out 17,000 units;

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 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...

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Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: a. All materials are added at the beginning of the process. b. Beginning work in process had 80,000 units, 30 percent complete with respect to conversion costs. c. Ending work in process had 17,000 units, 25 percent complete with respect to conversion costs. d. Started in process, 95,000 units. Required: 1. Prepare a physical flow schedule. 2. Compute equivalent units using the weighted average method. 3. Compute equivalent units using the FIFO method.
The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% complete. During the period, 10,800 units were completed and transferred to the Packing Department. There were 1,900 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs.
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Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Costs assigned to beginning work in process: direct materials, 90,000; conversion costs, 33,750. Manufacturing costs incurred during April: direct materials, 75,000; conversion costs, 220,000. Holmes uses the weighted average method. Required: 1. Compute the unit cost for April. 2. Determine the cost of ending work in process and the cost of goods transferred out.
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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.
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