The Al Nabras Company uses the weighted average method in its process costing system. The company's ending work in process equivalent units were calculated as 11,000 units in respect to direct materials, and 9,000 units in respect to conversion. Also, total company's completed and transforrod out
Q: Bettie Corporation uses a weighted-average process costing system to collect costs related to…
A: Process costing: It is a type of costing method, where the direct costs are accumulated and indirect…
Q: JJ Corporation uses the weighted-average method in its process costing system. The work in process…
A: Work in process indicates the units which are still under the production process and has yet to…
Q: The Converting Department of Worley Company had 680 units in work in process at the beginning of the…
A: Working: Conversion Equivalent Units Inventory in Process - Begining =680 units*(100%-40%)…
Q: Bonita Company has the following production data for April: units transferred out 41,300, and ending…
A: Formula: Cost to be assigned to the Units Transferred out = ( Unit material cost + Unit conversion…
Q: Mundes Corporation uses the weighted-average method in its process costing system. The beginning…
A: The equivalent units are calculated on the basis of percentage of work completed during the period.
Q: 9. The Al Nabras Company uses the weighted average method in its process costing system. The…
A: Work-in-process (WIP) inventory can be defined as that form of inventory that is partially…
Q: Mundes Corporation uses the weighted-average method in its process costing system. The beginning…
A: Equivalent units for conversion cost: It is the cost incurred per unit in the conversion process.…
Q: The Converting Department of Worley Company had 840 units in work in process at the beginning of the…
A: Beginning Conversion units in process = Whole units x (1 - 40%) = 840 units x (1 - 40%) = 504 units…
Q: Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: rek Company has the following production data for April: units transferred out 41,400, and ending…
A: Definition: Conversion costs are the sum of direct labor costs and overhead costs. Conversion Cost…
Q: Annenbaum Corporation uses the weighted-average method in its process costing system. This mo-…
A: Material Cost is the cost that is incurred by the company while purchasing the material. Whereas,…
Q: Saada Company uses the weighted-average method in its process costing system. The Fitting Department…
A: In order to determine the Total conversion cost for units transferred out to the next Department,…
Q: Craft Company uses the weighted-average method in its process costing system. The beginning work in…
A: Total cost of units transferred out = number of units transferred out × [equivalent material cost…
Q: Mundes Corporation uses the weighted-average method in its process costing system. The beginning…
A: Given that : Number of unit transferred and completed = 8,000 units Material cost =$4 Conversion…
Q: Haberdashery Company has a beginning Work-in-Process Inventory of 28,000 units (40% complete).…
A: An equivalent unit of production is an expression of the amount of work done by a manufacturer on…
Q: The costs per equivalent unit of direct materials and conversion in the Rolling Department of…
A: Detemine the cost of completed and transferred out production.
Q: Los Angeles Corporation uses the weighted-average method in its process costing system. Data…
A: Equivalent units for materials = (No. of Units Completed and Transferred Out x 100%) + (No. of Units…
Q: The Converting Department of Tender Soft Tissue Company uses the weighted average method and had…
A: Number of whole units to be accounted = Units transferred + Ending work in progress Equivalent…
Q: Trek Company has the following production data for April: units transferred out 41,400, and ending…
A: Given; Units transferred out 41,400 unitsWork in progress 5,620 units
Q: At the beginning of the period, there were 1,000 units in process that were 40% complete as to…
A: Formula: Equivalent units of materials = ( started and completed units x 100 % ) + ( Ending…
Q: The Camille company uses a process costing system together with the weighted average method of…
A: Equivalent Production Units (EPU):- When partially converted production process converted into…
Q: ABC Company uses a weighted average process costing system and started 36,000 units this month.…
A: The equivalent unit under the weighted average method is the sum of units completed and ending work…
Q: The costs per equivalent unit of direct materials and conversion in the Rolling Department of…
A: The cost of completed and transferred-out production is the sum of the total cost incurred to…
Q: [The following information applies to the questions displayed below.] Victory Company uses weighted…
A: Equivalent Units of Production :— It is the number of completed units of product that are equivalent…
Q: Zulfiqar Corporation uses the weighted-average method in its process costing system. The work in…
A: Total cost consist of material and cost of conversion Total cost =material cost +conversion cost
Q: Matapat Company uses the weighted-average method in its process costing system. During October, the…
A: Equivalent units of products concept came in to existence when some units are not fully completed at…
Q: The Converting Department of Worley Company had 1,000 units in work in process at the beginning of…
A: Particulars Units Beginning WIP 1,000 Units introduced 20,920 Total units to be…
Q: For a company that uses process costing, Processing Department F had the following information for…
A: Units completed during the month = Beginning WIP Inventory + Units started during the month - Ending…
Q: Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The…
A: Process costing is used in that organization where a similar kind of product is produced and goods…
Q: ettie Corporation uses a weighted-average process costing system to collect costs related to…
A: Cost of Unit Completed and Trasferred = Cost of Material + Cost of Conversion Cost of Material =…
Q: The Converting Department of Worley Company had 640 units in work in process at the beginning of the…
A: Process costs It is a method of cost accounting, which is used where the production is continuous,…
Q: Victory Company uses weighted-average process costing to account for its production costs. Direct…
A: Solution: Computation of equivalent units using weighted average method is as under:
Q: Pesco Processes uses a weighted-average process-costing system. All materials are introduced at the…
A: The equivalent unit cost for material can be calculated by dividing total material input by the sum…
Q: Muhares, which uses a process-costing system, adds material at the beginning of production and…
A: Answer - Correct Option is 60% Calculation of the ending work-in-process inventory's stage of…
Q: The Constructing Department of MEC Company had 2,600 units in work in process at the beginning of…
A:
Q: What were the equivalent units for conversion costs in the Assembly Department for the month? *
A: The equivalent unit of production is the number of units which are partially completed in the…
Q: Overton Company has gathered the following information. Units in beginning work in process 21,700…
A: Working: Units Completed: = Beginning Units + Units started - Ending Units = 21,700 + 228,300 -…
Q: Fahim Corporation uses the weighted-average method in its process costing system. Following are the…
A: Equivalent units of products concept came in to existence when some units are not fully completed at…
Q: Pham Corporation uses the weighted-average method in its process costing system. The following data…
A: As per inventory equation, Opening WIP+ Cost added during production= Closing WIP+ Cost of finished…
Q: Warren Industries uses a process-costing system for its single product, which is manufactured from…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Review the following details of manufacturing using a process costing system: · At the beginning of…
A: Units completed & transferred out = 88,000 Equivalent units = Units completed & transferred…
Q: Williams Company uses the FIFO method in its process costing system. The beginning work in process…
A: There are 25,000 units completed which contains 10,000 units of beginning inventory and 15,000 units…
Q: The charges to Work in Process-Assembly Department for a period, together with information…
A: Equivalent units Whole units Material Conversion Beginning WIP 2,000 0 1,500 Units…
Q: The following data were taken from the accounting records of the Mixing Department of Kappa…
A: Formula: Cost of units completed and transferred out = Units completed and transferred out x Cost…
Q: drews Corporation uses the weighted-average method of process costing. The following information is…
A: A weighted average is a calculation that considers the relative value of the integers in a data…
Q: Hi-T Company uses the weighted average method of process costing. Information for the company’s…
A: calculation of above requirement are as follows
Q: The Converting Department of Tender Soft Tissue Company uses the average cost method and had 1,900…
A: Equivalent units of production refer to the work done on the units at the end of an accounting…
Q: Saada Corporation uses the weighted-average method in its process costing system. The Fitting…
A: Equivalent units of products concept came in to existence when some units are not fully completed at…
Q: Elize company employs Weighted Average process costing system in the assembly department and FIFO…
A:
Q: The Cutting Department's output during the period consists of 22,000 units completed and transferred…
A: Given : Output during the period consists of 22,000 units completed 4,000 units in ending work in…
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- The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
- A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?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.Lampierre makes brass and gold frames. The company computed this information to decide whether to switch from the traditional allocation method to ABC: The estimated overhead for the material cost pool is estimated as $12,500, and the estimate for the machine setup pool is $35,000. Calculate the allocation rate per unit of brass and per unit of gold using: A. The traditional allocation method B. The activity-based costing method
- For E2-17, prepare any journal entries that would have been different if the only trigger points had been the purchase of materials and the sale of finished goods. Davis Co. uses backflush costing to account for its manufacturing costs. The trigger points are the purchase of materials, the completion of goods, and the sale of goods. Prepare journal entries to account for the following: a. Purchased raw materials, on account, 70,000. b. Requisitioned raw materials to production, 70,000. c. Distributed direct labor costs, 15,000. d. Factory overhead costs incurred, 45,000. (Use Various Credits for the account in the credit part of the entry.) e. Completed all of the production started. f. Sold the completed production for 195,000, on account. (Hint: Use a single account for raw materials and work in process.)Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are the purchase of materials, the completion of goods, and the sale of goods. Prepare journal entries to account for the following: a. Purchased raw materials, on account, 80,000. b. Requisitioned raw materials to production, 80,000. c. Distributed direct labor costs, 10,000. d. Factory overhead costs incurred, 60,000. (Use Various Credits for the account in the credit part of the entry.) e. Completed all of the production started. f. Sold the completed production for 225,000, on account.Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
- Rocks Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: Â What is the activity rate for each cost pool?Davis Co. uses backflush costing to account for its manufacturing costs. The trigger points are the purchase of materials, the completion of goods, and the sale of goods. Prepare journal entries to account for the following: a. Purchased raw materials, on account, 70,000. b. Requisitioned raw materials to production, 70,000. c. Distributed direct labor costs, 15,000. d. Factory overhead costs incurred, 45,000. (Use Various Credits for the account in the credit part of the entry.) e. Completed all of the production started. f. Sold the completed production for 195,000, on account. (Hint: Use a single account for raw materials and work in process.)Lampierre makes silver and gold candlesticks. The company computed this information to decide whether to switch from the traditional allocation method to ABC. The estimated overhead for the material cost pool is estimated as $45,000, and the estimate for the machine setup pool is $55,000. Calculate the allocation rate per unit of silver and per unit of gold using: A. The traditional allocation method B. The activity-based costing method