What are the total equivalent units for direct materials if materials are added at the beginning of the process?
Q: The Filling Department of Ivy Cosmetics Company had 4,600 ounces in beginning work in process…
A: Units started and completed = Units completed during the period - beginning work in process…
Q: The Rolling Department of Oak Ridge Steel Company had 4,800 tons in beginning work in process…
A: Units started and completed = Units completed during the period - Beginning work in process…
Q: Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 3,600…
A: Equivalent units are the number of units which are computed by adding the total of units completed…
Q: Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,200 tons in…
A: Process costing is used where the product is generated through multiple processes. It is mainly used…
Q: Equivalent Units of Conversion Costs The Rolling Department of Blackrock Steel Company had 800 tons…
A: The Total Equivalent units for conversion costs = 13,140 tons Refer step 2 for calculation.
Q: Equivalent Units of Materials Cost The Filling Department of Ivy Cosmetics Company had 6,000 ounces…
A: Process Costing: Process Costing is a method in cost accounting to calculate the cost of the…
Q: Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 2,900 tons in…
A: Equivalent units of material = units completed during the year + Ending inventory- Beginning…
Q: The pasting department at Elmers glue factory had 300 gallons in beginning work in progress…
A: Process costing: Process costing is used when there is a continuous manufacturing process. The…
Q: Equivalent Units of Production The Converting Department of Worley Company had 720 units in work in…
A: Equivalent units of products concept came in to existence when some units are not fully completed at…
Q: The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling…
A: Equivalent unit for direct material = Units started and completed + Ending work in process for…
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: Reiner Company uses a FIFO process costing system. The company had 5,000 units that were 60 percent…
A: Since the material is added at the beginning of the process; therefore no. of units started during…
Q: Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 4,500 ounces…
A: Formula: Units completed and transferred = During the period completed units - beginning work in…
Q: Equivalent Units of Materials Cost The Filling Department of Ivy Cosmetics Company had 6,000 ounces…
A: Process costing is used where the product is generated through multiple processes. It is mainly used…
Q: Equivalent Units of Production The Converting Department of Worley Company had 640 units in work in…
A: To find Equivalent units = { Whole unit * % of completion }
Q: Equivalent Units of Materials Cost The Rolling Department of Blackrock Steel Company had 800 tons…
A: Units started and completed = Total units completed - Beginning work in process = 12700 - 800 =…
Q: Equivalent Units of Materials Cost The Filling Department of Ivy Cosmetics Company had 4,600 ounces…
A: Here we will convert each stage units into equivalent units as per given info as…
Q: Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 3,400 ounces…
A: Since the Direct Materials i.e. DM are added at the starting or beginning, this means that they were…
Q: quivalent Units of Materials Cost The Filling Department of Ivy Cosmetics Company had 3,500 ounces…
A: Equivalent Units of Materials used is a term used where there is work in progress. Work in progress…
Q: 1. The Filling Department of Eve Cosmetics Company had 2,800 ounces in beginning work in process…
A: Conversion costs refers to the expenses that incur while converting the direct material into the…
Q: The Converting Department of Soft Touch Towel and Tissue Company had 1,120 units in work in process…
A: Units Started and completed = Units transferred - Beginning Inventory in process = 23600 - 1120 =…
Q: LMN Company Co. uses a FIFO process costing system. The company had 5,000 units that were 60 percent…
A: There are various methods by which the cost of ending inventory and cost of goods sold can be…
Q: The Rolling Department of Kraus Steel Company had 8,344 tons in beginning work in process inventory…
A: Units started and completed = 59,600 - 8,344 Units started and completed = 51,256
Q: What are the total equivalent units for conversion costs? fill in the blank 1 units
A: Given information is: The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning…
Q: The Filling Department of Eve Cosmetics Company had 3,600 ounces in beginning work in process…
A: Calculation: Total equivalent units=(3,600×10%)+59,700+(3,000×10%)=360+59,700+300=60,360 ounces
Q: total equivalent units for conversion costs?
A: Computation of equivalent units of production for conversion costs is shown below:
Q: Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 2,500 ounces…
A: Equivalent unit for Material = Units started and completed + Ending work in process for material…
Q: How many ounces were started and completed during the period
A:
Q: Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 2,400 ounces…
A: Process Costing: Process costing is a method of cost accounting, which is used when the production…
Q: Costs per Equivalent Unit and Production Costs The following information concerns production in the…
A:
Q: The Rolling department of kraus steel company had 5,100 tons in beginning work in process inventory…
A: Units started and completed during the month = Units completed during the month - Beginning work in…
Q: The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling…
A: EQUIVALENT UNITS ARE DEFINED AS THE NUMBER OF UNITS THAT WOULD HAVE BEEN PRODUCED GIVEN THE TOTAL…
Q: Equivalent Units of Production The Converting Department of Worley Company had 720 units in work in…
A: Worley Company Number of Equivalent Units of Production Whole units Direct materials…
Q: Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 4,000 ounces…
A: Calculation of equivalent units:
Q: Units to be Assigned Costs Ivy Cosmetics Company consists of two departments, Blending and Filling.…
A: Beginning inventory: Beginning inventory is the unit lying in store in the previous period.…
Q: The Filling Department of Eve Cosmetics Company had 2,200 ounces in beginning work in process…
A: The equivalent units are calculated on the basis of percentage of work completed during the period.
Q: Costs per Equivalent Unit and Production Costs The following information concerns production in the…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in process…
A: Number of units started and completed during the period.
Q: quivalent Units of Materials Cost The Filling Department of Ivy Cosmetics Company had 4,800 ounces…
A: Equivalent units means converting the incomplete production units into their equivalent completed…
Q: Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 6,000…
A: An equivalent unit of production is a number of units produced by the manufactures which are…
Q: The Filling Department of Eve Cosmetics Company had 3,100 ounces in beginning work in process…
A: 1) Units started and completed = 52,000 - 3,100 Units started and completed = 48,900
Q: he Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling…
A: First in first out means that any stock which is purchased first are sold out first or in other…
Q: Equivalent Units of Production The Converting Department of Hopkinsville Company had 840 units in…
A: Equivalent units of production: This term is related to the cost accounting process and refers to…
Q: Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 200 tons in…
A: Process costs: It is a method of cost accounting, which is used where the production is continuous,…
Q: Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 6,000…
A: Process costing is used where the product is generated through multiple processes. It is mainly used…
Q: The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in process…
A: Process costsIt is a method of cost accounting, which is used where the production is continuous,…
Q: Equivalent Units of Materials Cost The Filling Department of Eve Cosmetics Company had 4,900 ounces…
A: In a production process, direct materials are added at the beginning of production and they are…
Q: The Rolling Department of Keystone Steel Company had 400 tons in beginning work in process inventory…
A: Equivalent units are those units in production multiplied by the percentage of units that are…
Q: Equivalent Units of Production The Converting Department of Comfy Touch Towel and Tissue Company…
A: Equivalent units can be described as total units produced if no work in process is available.
Equivalent Units of Materials Cost
The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning work in process inventory (60% complete). During the period, 68,000 ounces were completed. The ending work in process inventory was 10,000 ounces (25% complete).
What are the total equivalent units for direct materials if materials are added at the beginning of the process?
fill in the blank 1 units
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- Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the beginning of the period, two-fifths complete. During the period 7,800 units were received from Mixing, 8,200 units were transferred to the finished goods storeroom, and 600 units were in process at the end of the period, 1/3 complete. The cost of the beginning work in process was: The costs during the month were: 1. Using the data in E5-15, prepare a cost of production summary for the month ended January 31, 2016. 2. Prepare a journal entry to transfer the cost of the completed units from Blending to the finished goods storeroom.Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in 130,000 units before ending the month with 14,000 units that were 100% complete with regard to materials and 30% complete with regard to conversion costs. The cost per unit of material is $5.80 and the cost per unit for conversion is $8.20 per unit. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the month?
- A company has 1,500 units in ending work in process that are 30% complete after transferring out 10,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $7 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?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.Clearwater Candy Co. had a cost per equivalent pound for the month of 4.56 for materials, 1.75 for labor, and 1.00 for overhead. During the month, 10,250 lb were completed and transferred to finished goods. The 3,200 lb in ending work in process were 100% complete as to materials and 60% complete as to labor and overhead. At the beginning of the month, 1,500 lb were in process, 100% complete as to materials and 50% complete as to labor and overhead. The beginning inventory had a cost of 8,775. Clearwater uses FIFO costing. Required: 1. Calculate the cost of the pounds completed and transferred to finished goods. 2. Calculate the cost of the ending work in process.
- Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year: Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead. The cost of goods transferred out for the year is: a. 4,471,200 b. 3,571,200 c. 3,780,000 d. 3,024,000Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is the information related to this years production: Â Ending inventory was 100% complete as to materials and 70% complete as to conversion, and the total materials cost is $115,080 and the total conversion cost is $72,072. Using the weighted-average method, what are the unit costs if the company transferred out 34,000 units? Using the weighted-average method, prepare the companys process cost summary for the month.The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 1,900 units in work in process that were 60% complete at the beginning of the period. During the period, 15,800 units were completed and transferred to the Packing Department. There were 1,200 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production.
- The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Costs assigned to beginning work in process: direct materials, 90,000; conversion costs, 33,750. Manufacturing costs incurred during April: direct materials, 75,000; conversion costs, 220,000. Holmes uses the weighted average method. Required: 1. Compute the unit cost for April. 2. Determine the cost of ending work in process and the cost of goods transferred out.The standard cost summary for the most popular product of Phenom Products Co. is shown as follows, together with production and cost data for the period. One gallon each of liquid lead and varnish are added at the start of processing. The balance of the materials is added when the process is two-thirds complete. Labor and overhead are added evenly throughout the process. There were no units in process at the beginning of the month. Required: Calculate equivalent production for materials, labor, and overhead. (Be sure to refer to the standard cost summary to help determine the percentage of materials in ending work in process.) Calculate materials and labor variances and indicate whether they are favorable or unfavorable, using the diagram format shown in Figure 8-4. Determine the cost of materials and labor in the work in process account at the end of the month.