Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 5,300 units, 50% completed 3,000 units, 90% completed Completed and transferred to next processing department during June 72,600 units 71,500 units Work in process, June 30 4,000 units, 70% completed 4,100 units, 10% completed Production begins in the Drawing Department and finishes in the Winding Department. Question Content Area a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0". Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank cb7ec1f3cff4fc9_1 fill in the blank cb7ec1f3cff4fc9_2 fill in the blank cb7ec1f3cff4fc9_3 Started and completed in June fill in the blank cb7ec1f3cff4fc9_4 fill in the blank cb7ec1f3cff4fc9_5 fill in the blank cb7ec1f3cff4fc9_6 Transferred to Winding Department in June fill in the blank cb7ec1f3cff4fc9_7 fill in the blank cb7ec1f3cff4fc9_8 fill in the blank cb7ec1f3cff4fc9_9 Inventory in process, June 30 fill in the blank cb7ec1f3cff4fc9_10 fill in the blank cb7ec1f3cff4fc9_11 fill in the blank cb7ec1f3cff4fc9_12 Total fill in the blank cb7ec1f3cff4fc9_13 fill in the blank cb7ec1f3cff4fc9_14 fill in the blank cb7ec1f3cff4fc9_15 Question Content Area b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Winding Department. If an amount is zero, enter in "0". Winding DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank 37625604afa0fe7_1 fill in the blank 37625604afa0fe7_2 fill in the blank 37625604afa0fe7_3 Started and completed in June fill in the blank 37625604afa0fe7_4 fill in the blank 37625604afa0fe7_5 fill in the blank 37625604afa0fe7_6 Transferred to finished goods in June fill in the blank 37625604afa0fe7_7 fill in the blank 37625604afa0fe7_8 fill in the blank 37625604afa0fe7_9 Inventory in process, June 30 fill in the blank 37625604afa0fe7_10 fill in the blank 37625604afa0fe7_11 fill in the blank 37625604afa0fe7_12 Total fill in the blank 37625604afa0fe7_13 fill in the blank 37625604afa0fe7_14 fill in the blank 37625604afa0fe7_15
Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 5,300 units, 50% completed 3,000 units, 90% completed Completed and transferred to next processing department during June 72,600 units 71,500 units Work in process, June 30 4,000 units, 70% completed 4,100 units, 10% completed Production begins in the Drawing Department and finishes in the Winding Department. Question Content Area a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0". Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank cb7ec1f3cff4fc9_1 fill in the blank cb7ec1f3cff4fc9_2 fill in the blank cb7ec1f3cff4fc9_3 Started and completed in June fill in the blank cb7ec1f3cff4fc9_4 fill in the blank cb7ec1f3cff4fc9_5 fill in the blank cb7ec1f3cff4fc9_6 Transferred to Winding Department in June fill in the blank cb7ec1f3cff4fc9_7 fill in the blank cb7ec1f3cff4fc9_8 fill in the blank cb7ec1f3cff4fc9_9 Inventory in process, June 30 fill in the blank cb7ec1f3cff4fc9_10 fill in the blank cb7ec1f3cff4fc9_11 fill in the blank cb7ec1f3cff4fc9_12 Total fill in the blank cb7ec1f3cff4fc9_13 fill in the blank cb7ec1f3cff4fc9_14 fill in the blank cb7ec1f3cff4fc9_15 Question Content Area b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Winding Department. If an amount is zero, enter in "0". Winding DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor June Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, June 1 fill in the blank 37625604afa0fe7_1 fill in the blank 37625604afa0fe7_2 fill in the blank 37625604afa0fe7_3 Started and completed in June fill in the blank 37625604afa0fe7_4 fill in the blank 37625604afa0fe7_5 fill in the blank 37625604afa0fe7_6 Transferred to finished goods in June fill in the blank 37625604afa0fe7_7 fill in the blank 37625604afa0fe7_8 fill in the blank 37625604afa0fe7_9 Inventory in process, June 30 fill in the blank 37625604afa0fe7_10 fill in the blank 37625604afa0fe7_11 fill in the blank 37625604afa0fe7_12 Total fill in the blank 37625604afa0fe7_13 fill in the blank 37625604afa0fe7_14 fill in the blank 37625604afa0fe7_15
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
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
Topic Video
Question
Equivalent Units of Production
Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:
| Drawing Department | Winding Department | |
| Work in process, June 1 | 5,300 units, 50% completed | 3,000 units, 90% completed |
| Completed and transferred to next processing department during June |
72,600 units | 71,500 units |
| Work in process, June 30 | 4,000 units, 70% completed | 4,100 units, 10% completed |
Production begins in the Drawing Department and finishes in the Winding Department.
Question Content Area
a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0".
| Whole Units | Direct Materials Equivalent Units |
Conversion Equivalent Units |
|
| Inventory in process, June 1 | fill in the blank cb7ec1f3cff4fc9_1 | fill in the blank cb7ec1f3cff4fc9_2 | fill in the blank cb7ec1f3cff4fc9_3 |
| Started and completed in June | fill in the blank cb7ec1f3cff4fc9_4 | fill in the blank cb7ec1f3cff4fc9_5 | fill in the blank cb7ec1f3cff4fc9_6 |
| Transferred to Winding Department in June | fill in the blank cb7ec1f3cff4fc9_7 | fill in the blank cb7ec1f3cff4fc9_8 | fill in the blank cb7ec1f3cff4fc9_9 |
| Inventory in process, June 30 | fill in the blank cb7ec1f3cff4fc9_10 | fill in the blank cb7ec1f3cff4fc9_11 | fill in the blank cb7ec1f3cff4fc9_12 |
| Total | fill in the blank cb7ec1f3cff4fc9_13 | fill in the blank cb7ec1f3cff4fc9_14 | fill in the blank cb7ec1f3cff4fc9_15 |
Question Content Area
b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Winding Department. If an amount is zero, enter in "0".
| Whole Units | Direct Materials Equivalent Units |
Conversion Equivalent Units |
|
| Inventory in process, June 1 | fill in the blank 37625604afa0fe7_1 | fill in the blank 37625604afa0fe7_2 | fill in the blank 37625604afa0fe7_3 |
| Started and completed in June | fill in the blank 37625604afa0fe7_4 | fill in the blank 37625604afa0fe7_5 | fill in the blank 37625604afa0fe7_6 |
| Transferred to finished goods in June | fill in the blank 37625604afa0fe7_7 | fill in the blank 37625604afa0fe7_8 | fill in the blank 37625604afa0fe7_9 |
| Inventory in process, June 30 | fill in the blank 37625604afa0fe7_10 | fill in the blank 37625604afa0fe7_11 | fill in the blank 37625604afa0fe7_12 |
| Total | fill in the blank 37625604afa0fe7_13 | fill in the blank 37625604afa0fe7_14 | fill in the blank 37625604afa0fe7_15 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 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 Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
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 Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College