EJ-KD manufactures plastic cups that undergo two departments during the process (molding & packaging. > During the year-end, the pollowing production information have been obtained from departments Molding Wip, beginning units 25.000 started units 60,000 Wir ending units 11,500 Cost Added Direct material Conversion Cost beginning Balances WIP, beginning Direct material Conversion Cost Direct materials are 160,000 80,000 21,650 10,000 11,650 100% completed Conversion cost is 25% completed Packaging 500 both 100,000 90,000 11,937.50 10,250.00 1,687,50 Direct materials Completed are 100% Conversion cost is 70% completed using weighted average process costing method the equivalent units of packaging Department is :
EJ-KD manufactures plastic cups that undergo two departments during the process (molding & packaging. > During the year-end, the pollowing production information have been obtained from departments Molding Wip, beginning units 25.000 started units 60,000 Wir ending units 11,500 Cost Added Direct material Conversion Cost beginning Balances WIP, beginning Direct material Conversion Cost Direct materials are 160,000 80,000 21,650 10,000 11,650 100% completed Conversion cost is 25% completed Packaging 500 both 100,000 90,000 11,937.50 10,250.00 1,687,50 Direct materials Completed are 100% Conversion cost is 70% completed using weighted average process costing method the equivalent units of packaging Department is :
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 6E: Data for the two departments of Kimble Pierce Company for June of the current fiscal year are as...
Related questions
Concept explainers
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Topic Video
Question
Using weighted average process costing method the equivalent units of packaging Department is
Transcribed Image Text:EJ-KD manufactures plastic cups that undergo
two departments during the process (molding &
packaging
During the year-end, the following production.
information have been obtained from
departments:
Molding
Wip, beginning units 25.000
started units
60,000
Wir ending units
11,500
Cost Added
Direct material
Conversion cost.
Balances
WIP, beginning
Direct material.
Conversion cost
Beginning
Direct materials are
160,000
80,000
21,650
10,000
11,650
100% completed
Conversion cost is 25%
completed
Packaging
500
both
100,000
90,000
11,937.50
10,250.00
1,687,50
Direct Materials
Completed
are 100%
Conversion cost is 70%.
completed
using weighted average process costing
method i the equivalent units of
packaging Department is :
C
e
C
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning