Drawing Department Winding Department Work in process, July 1 Completed and transferred to next processing department during July Work in process, July 31 500 units, 50% completed 350 units, 30% completed 11,400 units 10,950 units 800 units, 25% completed 700 units, 55% completed
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Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows:
Attachment
Each department uses the average cost method.
a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.
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- Equivalen Units ofT Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 8,800 units, 30% completed 3,400 units, 85% completed Completed and transferred to next 120,600 units 119,400 units processing department during June Work in process, June 30 6,700 units, 45% completed 4,600 units, 20% completed Production begins in the Drawing Department and finishes in the Winding Department. a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0".Problem Compute for the equivalent units of production in each of the following cases: Case A In process, Sept. 1 Placed in process In process, Sept. 30 Case B Stage of completion Stage of completion In process, Oct 1 Case C Stage of completion Transferred to Dept Y In process, Oct. 31 Stage of completion In process, Nov. 1 Stage of completion Transferred to stockroom Placed in process In process, Nov. 30 Stage of completion Department 1 8,000 units 14 50,000 units 6,000 units 1/5 Department X 3,000 units 1/3 26,000 units 4,000 1/5 Department A ? 1/5 35,000 units 12,000 units 1/3 Department 2 5,000 units 1/10 12,000 units 1/6 Department Y 2,000 units 1/5 7,000 2/7 Department B 8,000 units 1/8 38,000 units 3,200 units 1/10Assume the following information: Milling Department Beginning work in process inventory. Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Percent Complete Units Materials Conversion 200 40% 30% 6,200 5,800 100% 100% 600 70% 60% Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials $ 10,000 281,000 $ 291,000 Conversion $ 15,000 385,000 $ 400,000 Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to: Multiple Choice $21,150. $20,150. $20,850.
- Data for May Units: Beginning Work in Process Inventory Shaping Department Insertion Department 30,000 units Production started 100,000 units Transferred in From Previous 80,000 units Department Completed Goods Inv. 80,000 units 100,000 units Ending WIP Inv. 20,000 units 10,000 units Completed as to Direct Material % 40 Completed as to Convers. Work Costs: % 30 % 90 % 50 Beginning Work in Process Inventory Transferred in from Previous Department Direct Materials Added Conversion Costs Added $352,000 $258,000 What is the cost of finished goods inventory in Insertion Department? a. $1,150,000 $100,000 $560,000 $218,000 $ 367,500 b. $600,000 c. $550,000 d. $1,000,000The first production department of Stone Incorporated reports the following for April. Direct Materials Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 70,000 372,000 350,000 92,000 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 158,320 51,716 1,062, 050 750,904 Percent Complete 60% 85% $210,036 1,812,954 $ 2,022,990 Conversion Percent Complete 40% 35% a. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. b. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. Note: Round "Cost per EUP" to 2 decimal places.Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as folows Drawing Department Winding Department Work in process, June 1 8,600 units, 30% completed 3,300 units, 70s completed Completed and transferred to next processing department during June 117,800 units 116,600 units Work in process, June 30 6,500 units, 75% completed 4,500 units, 15% completed Production begins in the Drawing Department and finishes in the Winding Department. a. If all direct materiais are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is tero, enter in 0 Drawing bepartment Direct Materials and Conversion Equivalent Units of Production For June Direct Materials Equivalent Units Equivalent Units Conversion Whole Units Inventory in process, June 1 Started and completed in June Transferred to Winding Department in…
- Assume the following information: Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the Units 300 6,000 next department Ending work in process inventory Using the FIFO method, what is the equivalent units of production for materials? 5,800 500 Percent Complete Materials Conversion 40% 30% 100% 60% 100% 40%Goode Company has the following production data for selected months. EndingWork in Process Month BeginningWork in Process UnitsTransferred Out Units % Complete as toConversion Cost January –0– 40,300 10,300 42 % March –0– 41,800 9,000 75 July –0– 48,800 20,700 21 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March JulyCurrent Attempt in Progress Blossom Company has the following production data for January. Beginning Work in Process 0 Units Started into Production 8,670 Compute the physical units for January. Beginning Work in Process Inventory Started into production Total units to be accounted for Ending Work in Process % Complete as to Conversion Cost Units 1,180 30%
- Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 8,600 units, 55% completed 1,700 units, 70% completed Completed and transferred to next processing department during June 117,800 units 117,200 units Work in process, June 30 6,500 units, 85% completed 2,300 units, 20% completed Production begins in the Drawing Department and finishes in the Winding Department. a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0". Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process, June 1 fill in blank fill in bland fill in the blank…Goode Company has the following production data for selected months. Ending Work in Process Beginning Work in Process Units % Complete as to Conversion Cost Month Transferred Out Units January 36,500 10,600 44 % March 41,000 8,200 73 July 50,800 18,300 24 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 10,000 units, 38% completed 4,000 units, 35% completed Completed and transferred to next processing department during June 60,000 units 60,500 units Work in process, June 30 11,500 units, 70% completed 3,500 units, 60% completed Production begins in the Drawing Department and finishes in the Winding Department. a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0". Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process, June 1 fill in the blank 4661f10fcff7fec_1 fill in the…