Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 61,000 Units 43,000 146,000 189,000 39,000 66,850 $ 127,850 $ 305,000 617,150 Calculate equivalent units of production for conversion. 922,150 Direct materials Conversion Percent Percent Complete 100% 100% Complete 60% 30%

Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Molding department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 61,000 Units 43,000 146,000 189,000 39,000 66,850 $ 127,850 $ 305,000 617,150 Calculate equivalent units of production for conversion. 922,150 Direct materials Conversion Percent Percent Complete 100% 100% Complete 60% 30%

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.16E: Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...

See similar textbooks

Similar questions

Refer to QS 20-4. Compute the total equivalent units of production for conversion using the weighted-average method."
Refer to Gjerty Corporation. Under absorption costing, the standardproduction cost per unit for the current year wasa. P11.30.b. P 7.30.c. P11.55.d. P13.05.
Based on the attached information, what is the equivalent units of production using weighted average method? a. 20,000 b. 14,000 c. 18,800 d. 16,800
What is the joint cost allocated to product Alt if the company employs physical method? P333,333P316,667P317,333P320,000
According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 16500. %3D
What is the amount of conversion costs added in Department B? a.P174,240 b.P177,840 c.P149,400 d. P166,320
For National’s new product, total conversion costs per unit amounted to?
Where does the $23,000 for the started and completed units come from, where does the 5,000 from BWIP come from, and where does the units in EWIP come from?
According to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 238600 Opening stock of WIP 44400 Opening stock of FG 39000 Closing stock of WIP 21000 Closing stock of FG 1500 units Total production units 26200 Select one: a. 296000 b. 299000 c. 286000 d. 303000 According to the information given in the table below, which of the following is Raw materials consumed? Opening Stock Raw Materials 27300 Purchases 231600 Freight in 4500 Purchase return raw Material 6500 Wages 123000 Closing Stock Raw Materials 19500
Using a physical measurement method, what amount of joint processing cost is allocated to Product B? c. P1,311.00 d. P3,495.00 b. P2,447.00 a. P1,748.00 Using the sales value at split-off point method, what of amount of joint processing cost is allocated to Product A? c. P1,108.00 b. P2,276.00 a. P4,433.00 d. P1,182.00 Using net realizable value after split-off point method, what amount of joint processing cost is allocated to Product C? d. P4,263.00 c. P2,375.00 b. P1,550.00 a. P1,017.00
Which of the following is total fixed cost, if cost per unit is OMR 45, Total direct materials cost is OMR 20000, Direct Labor cost is OMR 30000, Royalties paid OMR 2000, Power used for OMR 5000 and total units produced is 1500. Select one: a. 10500 b. 37500 c. None of the options d. 22500
Emerald Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. a. Using FIFO method, the unist cost is: b. The unit conversion cost using weighted average is: c. The total EUP of completed and transferred units is: d. Using FIFO method, the started in process units is: