Computing EUP, first and second departmentsSelected production and cost data of Laura’s Caliper Co. follow for May 2018.On May 31, the Mixing Department ending Work-in-Process Inventory Was 80% complete for materials and 45% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 60% complete for materials and 35% Complete for conversion costs. The company uses the Weighted-average method.RequirementsCompute the equivalent units of production for direct materials and for conversion costs for the Mixing Department.Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department. Mixing Department Heating DepartmentUnits to account for:Beginning work-in-process, April 3025,00010,000Started in May90,000Transferred in during May90,000Total units to account for115,000100,000Units accounted for:Completed and transferred out during May90,00082,000Ending work-in-process, May 3125,00018,000Total units accounted for115,000100,000

Mixing Department Heating Department Units to account for: Beginning work-in-process, April 30 25,000 10,000 Started in May 90,000 Transferred in during May 90,000 Total units to account for 115,000 100,000 Units accounted for: Completed and transferred out during May 90,000 82,000 Ending work-in-process, May 31 25,000 18,000 Total units accounted for 115,000 100,000

Mixing Department Heating Department Units to account for: Beginning work-in-process, April 30 25,000 10,000 Started in May 90,000 Transferred in during May 90,000 Total units to account for 115,000 100,000 Units accounted for: Completed and transferred out during May 90,000 82,000 Ending work-in-process, May 31 25,000 18,000 Total units accounted for 115,000 100,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 4P

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The Hoed Corp. manufactures hats. All material is placed in process as soon as the goods are started in Department A. and conversion costs are incurred evenly throughout the process. Upon completion of the product it is immediately transferred to Department B. Department A-Month of April 20xx Status -Work in process 3/31/xx at 50% conversion 20,000 units completed at a cost of $300,000 ( $250,000 material cost and $50,000 conversion cost.) -Units started during April 50,000 units -Units completed during April 30,000 units -Work in process April 30th were 40,000 units 50% converted for conversion -Direct material added during April $450,000 -Conversion cost added during April $200,000 Required: ( 5 Step Production Cost…
Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000 $ 400,000 Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest
Assume the following information: Milling Department Units Percent Complete Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000 $ 400,000 Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:
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