What is the missing amount in this physical flow of units? Work in process, June 1 110,000 gallons Units started in June 800,000 gallons Units completed during June Work in process, June 30 ? 100,000 gallons

What is the missing amount in this physical flow of units? Work in process, June 1 110,000 gallons Units started in June 800,000 gallons Units completed during June Work in process, June 30 ? 100,000 gallons

Name: What is the missing amount in this physical flow of units?Work in pro
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Description: What is the missing amount in this physical flow of units?Work in process, June 1110,000gallonsUnits started in June800,000gallonsUnits completed during JuneWork in process, June 30100,000gallons

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...

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The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000 units one-half completed at a cost of 1,250 for materials, 675 for labor, and 950 for overhead. Production costs for the monthmaterials, 99,150; labor, 54,925; factory overhead, 75,050. Units completed and transferred to stock38,500. Work in process, end of month3,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost.
If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? a.$390,000 b.$525,000 c.$580,000 d.$170,000
QUESTION # 4Elmo has the following information for the month of October, its first month of operations Work in Process October 1 0 Units completed & transferred out in October 120,000 Work in process October 30 32,000 100% completed for materials 80% completed for conversion costs Costs added in October Materials $145,900 Direct Labor $96,000 Overhead $108,000 what is meant by the term equivalent full units
Beginning work in process 10,000 unitsUnits started 20,000 unitsUnits completed 25,000 unitsBeginning work-in-process direct materials RM 6,000Beginning work-in-process conversion RM 2,600Direct materials added during month RM 30,000Direct manufacturing labor during month RM12,000Factory overhead RM 5,000Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete as to labor and overhead. Required: Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
During the accounting period， 20,000 units were completed and transferred to finished goods. The Beginning goods in process were 4000, which were 60% complete as labor and overhead. 1000 units remain in process and are 80% completed. The number of units started during the accounting period was? (Answer = 2000)
The Assembly Department shows the following information: Units Beginning Work in Process 6,000 Ending Work in Process 15,000 Units Transferred Out 27,000 How many total units are to be accounted for by the Assembly Department?
Determine the missing amounts. TotalManufacturingCosts Workin Process(January 1) Workin Process(December 31) Cost ofGoodsManufactured (1) $ 151,000 $120,000 $82,000 $ X (2) $296,000 $ X $98,000 $331,000 (3) $310,000 $463,000 $ X $715,000
Calculate the equivalent units of ABC Company for the month of June. (100% materials, 40% conversion cost) Beginning Work-in Process (June 1st) $20,000 Units Transferred out $80,000 Ending Work-in Process Inventory $20,000 Total material cost incurred during the period: $12,000 Total conversion cost incurred during the period: $20,000 Calculate: 1. The equivalent units that are in the Work In Process account. 2. What their per unit material cost is. 3. What the per unit conversion cost is.
Reported the following information on November: Units Work in Process, beg. (80% completed) 10,000 Completed & Transferred 27,000 Units Started 28,000 Work in Process, end (30% Completed) 8,000 Labor and Overhead Materials Transferred-In Costs for the month: Work in Process, beg. $65,048 $51,720 $80,624 Added during the month $194,224 $145,880 $234,320 All materials are added at the beginning of the process. Inspection occurs 60% of the way through the process. Normal spoilage is 10% of the good units completed. What is the equivalent units for conversion. Company uses weighted average method.
How do I find the numbers to the questions marks?Selling expenses $ 211,000Purchases of raw materials $ 266,000Direct labor ?Administrative expenses $ 152,000Manufacturing overhead applied to work in process $ 363,000Actual manufacturing overhead cost $ 350,000Inventory balances at the beginning and end of the year were as follows:Beginning of Year End of YearRaw materials $ 53,000 $ 32,000Work in process ? $ 28,000Finished goods $ 33,000 ?The total manufacturing costs for the year were $670,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $661,000; and the net operating income was $38,000. The company’s underapplied or overapplied overhead is closed to Cost of Goods Sold.
Compute for the equivalent unit of production: Started in process 35,000 units; completed 29,000 units; closinginventory goods in process 3,000 units, 1/3 completed, and 3,000 units, ½ completed. 75% of the materials are added at the beginning of the process and 25% when the process is ½ completed.
Department II of Kamanyang Mfg. Co. adds materials at the start of the process. The following pertains to its production for April, 19F: Quantity data: In process, April 1.....................................................12,000 units, 1/3 done In process, April 30.................................................. 15,000 units, 2/5 done Transferred in............................................................. 55,000 units Cost data: Factory cost, April: Materials............................................................... 110,200 Labor...................................................................... 27,550 Factory overhead.............................................. 33,035 Work in process, April 1: Transferred in.................................................... 12,110 Cost in this department: Materials....................................................... 23,800…