Business
Engineering
Math
Science
Social Science
Equivalent units of production Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 5,000 units, 40% completed 3,200 units, 80% completed Completed and transferred to next processing department during November 95,000 units 95,100 units Work in process. November 30 6,200 units, 60% completed 3,100 units, 15% completed If all direct materials arc placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for (A) the Drawing Department and (B) the Winding Department.
Financial & Managerial Accounting
Solutions
Financial & Managerial Accounting
Equivalent units of production
Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows:
| Drawing Department | Winding Department | |
| Work in process, November 1 | 5,000 units, 40% completed | 3,200 units, 80% completed |
| Completed and transferred to next processing department during November | 95,000 units | 95,100 units |
| Work in process. November 30 | 6,200 units, 60% completed | 3,100 units, 15% completed |
If all direct materials arc placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for (A) the Drawing Department and (B) the Winding Department.
(a)
Process costs
It is a method of cost accounting, which is used where the production is continuous, and the product needs various processes to complete. This method is used to ascertain the cost of the product at each process or stage of production.
Equivalents units for production
The activity of a processing department in terms of fully completed units is known as equivalent units. It includes the completed units of direct materials and conversion cost of beginning work in process, units completed and transferred out, and ending work in process.
The equivalents units of production of drawing department for the month of November.
Explanation of Solution
An equivalents unit of production for drawing department is calculated by adding inventory in process – beginning, transferred to packing department, and in...
(b)
The equivalents units of production of winding department for the month of November.
Chapter 18 Solutions
Additional Business Textbook Solutions
Accounting Information Systems
Corporate Financial Accounting
Cornerstones of Financial Accounting
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Probability and Statistics for Engineering and the Sciences
Essentials of Business Communication (MindTap Course List)
Foundations of Business (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Economics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Fundamentals of Financial Management (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Financial Accounting
Financial And Managerial Accounting
Management, Loose-Leaf Version
College Accounting, Chapters 1-27
Contemporary Marketing
Essentials of Economics (MindTap Course List)
Accounting Information Systems
Intermediate Accounting: Reporting And Analysis
Managerial Accounting: The Cornerstone of Business Decision-Making
College Accounting (Book Only): A Career Approach
Financial Accounting
MKTG 12:STUDENT ED.-TEXT
Accounting (Text Only)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting (Book Only): A Career Approach
Principles of Macroeconomics (MindTap Course List)
Exploring Economics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management (MindTap Course List)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Survey of Accounting (Accounting I)
Corporate Financial Accounting
Economics For Today
Practical Management Science
Cornerstones of Cost Management (Cornerstones Series)
Macroeconomics
Purchasing and Supply Chain Management
Economics (MindTap Course List)
Managerial Accounting
Macroeconomics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Micro Economics For Today
Understanding Management (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
