The Total Manufacturing costs incurred for the month was $620,525. Beginning work in process was $152,000. There were $260,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month?
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The Total
process was $152,000. There were $260,000 of partially finished goods remaining in
work in process inventory at the end of the month. What was the cost of goods
manufactured during the month?
Step by step
Solved in 2 steps
- The following production data were taken from the records of the finishing department for June: Inventory in process, June 1, 25% completed 260 units Transferred to finished goods during June 5,000 units Equivalent units of production during June 5,495 units Determine the number of equivalent units of production in the June 30, finishing department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a.448 units b.840 units c.672 units d.560 unitsAs the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 3 clamps. The base is assembled from 1 clamp and 2 housings. Each clamp has 1 handle and 1 casting. Each housing has 2 bearings and 2 shafts. There is no inventory on hand. This exercise contains only parts b and c. Part 2 The product structure is as follows: Bracket Base(1) Clamp(1) Handle(1) Casting(1) Spring(2) Housing(2) Shaft(2) Clamp(3) Bearing(2) Handle(1) Casting(1) Part 3 b) Determine the gross quantities needed of each item if you are to assemble 125 brackets. Base: 33 units (enter your response as a whole number). Spring: enter your response here units (enter your response as a whole number). Clamp: enter your response here units (enter your response as a whole number). Housing: enter your response here units (enter your response as a whole…As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 4 clamps. The base is assembled from 2 clamps and 1 housing. Each clamp has 1handle and 1 casting. Each housing has 2 bearings and 2 shafts. There is no inventory on hand. Part 3 b) Determine the gross quantities needed of each item if you are to assemble 150 brackets. Base: enter your response here units (enter your response as a whole number). Spring: enter your response here units (enter your response as a whole number). Clamp: enter your response here units (enter your response as a whole number). Housing: enter your response here units (enter your response as a whole number). Handle: enter your response here units (enter your response as a whole number). Casting: enter your response here units (enter your response as a whole number). Bearing: enter…
- As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 4 clamps. The base is assembled from 1 clamp and 1 housing. Each clamp has 1 handle and 1 casting. Each housing has 2 bearings and 1 shaft. There is no inventory on hand. This exercise contains only parts b and c. Part 2 The product structure is as follows: Bracket Base(1) Clamp(1) Handle(1) Casting(1) Spring(2) Housing(1) Shaft(1) Clamp(4) Bearing(2) Handle(1) Casting(1) Part 3 b) Determine the gross quantities needed of each item if you are to assemble 100 brackets. Base: enter your response here units (enter your response as a whole number). Spring: enter your response here units (enter your response as a whole number). Clamp: enter your response here units (enter your response as a whole number). Housing: enter your response here units (enter your…Given the following data, can an order for 40 more units for delivery in week 5 beaccepted? If not, what do you suggest can be done? There are zero units on hand.You were just hired as the head strength coach at a NAIA school. You are the first strength coach the University has ever hired. Knowing that you have 500 student athletes across 22 different teams, how do you manage programming, load, and needs based workouts across all sports? Write a needs outline for 3 different sports: one in season, one off season, and one pre season.
- A firm that produces electric golf carts has just received an order for 200 carts, which must be ready for delivery at the start of week 8. Information concerning the product structure, lead times, and quantities on hand is shown in the following table. Use this information to do each of the following: a. Develop a material requirements plan that will provide 200 golf carts by week 8, assuming lot-for-lot ordering. (Excel)Blue Oil Industries, LLC, a really small oil company, produces, a product that passes through three processes: Mixing, Refining, and Finishing. The following information was obtained for the Mixing department, the first department in the production process, for April 2017: a. Work in process, April 1, had 10,000 units and the following costs: Direct material: $28,000 Conversion: $60,000 b. During the month of April, 44,000 units were completed and transferred to the Refining Department. The following costs were added to production: Direct material: $68,000 Conversion: $75,000 c. On April 30, there were 4,000 partially completed units in process. These units were 100% complete with respect to Direct Materials and 25% complete with respect to Conversion. Required: Use the Weight Average Method to answer the following three questions: 1. What is the cost per equivalent whole unit for the month of April? 2. What is the cost of Ending Work in Process at the end of April? 3. How much cost is…As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 4 clamps. The base is assembled from 1 clamp and 2 housings. Each clamp has 1 handle and 1 casting. Each housing has 2 bearings and 1 shaft. There is no inventory on hand. A. Design a product structure noting the quantities for each item and show the low-level coding. B. Determine the gross quantities needed of each item if you are to assemble 50 brackets. C. Compute the net quantities if there are 25 of the base and 100 of the clamp in stock.
- Information concerning the product structure, lead times, and quantities on hand for an electric golf cart is shown in the following table. Use this information to do each of the following: a. Draw the product structure tree.b. Draw the assembly time chart.c. Develop the material requirements plan that will provide 200 golf carts at the start of week 8, assuming lot-for-lot ordering.Explain what is a flexible manufacturing system and how does it differ from cellular layout ?A partially completed inventory record for the motor sub-assembly is shown in Figure 11.39. a. Complete the last three rows of the record by using the L4L rule. b. Complete the last three rows of the record by using the POQ rule with P = 2. c. Complete the last three rows of the record by using the POQ rule with P = 2. d. If it costs the company $1 to hold a unit in inventory from one week to the next, and the cost to release an order is $50, which of the lot sizing rules used above will provide the lowest inventory holding + order release cost?