Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
14th Edition
ISBN: 9781337541398
Author: Carl Warren; James M. Reeve; Jonathan Duchac
Publisher: Cengage Learning
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Chapter 3, Problem 13E

Errors in equivalent unit computation

Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were ⅗ completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department, all were completed except 5,200 units that were ⅕ completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows:

Chapter 3, Problem 13E, Errors in equivalent unit computation Napco Refining Company processes gasoline. On June 1 of the

List the errors in the computation of equivalent units for conversion costs for the Blending Department for June.

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Errors in Equivalent Unit Computation Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were 3⁄5 completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department, all were completed except 5,200 units that were 1⁄5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows:
Errors in Equivalent Unit Computation Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were 3/5 completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department, all were completed except 5,200 units that were 1/5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows: Equivalent units of production in June: To process units in inventory on June 1: 6,400 x 3/5 To process units started and completed in June: 55,000 - 6,400 To process units in inventory on June 30: 5,200 x 1/5 Equivalent units of production 3,840 To process units in inventory on June 1 To process units started and completed in June To process units in inventory on June 30 Equivalent units of production 48,600 1,040 53,480 Enter the correct…
Errors in Equivalent Unit Computation Napco Refining Company processes gasoline. On June 1 of the current year, 4,800 units were 3/5 completed in the Blending Department. During June, 43,200 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 43,200 units entering the department, all were completed except 5,800 units that were 1/5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows: Equivalent units of production in June:      To process units in inventory on June 1: 4,800 × 3/5 2,880    To process units started and completed in June : 43,200 – 4,800 38,400    To process units in inventory on June 30: 5,800 × 1/5 1,160    Equivalent units of production 42,440   Enter the correct amounts in the computation of equivalent units for conversion costs for the Blending Department for June. To process units in…

Chapter 3 Solutions

Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only

Ch. 3 - Prob. 2BECh. 3 - Prob. 3BECh. 3 - Equivalent units of conversion costs The Rolling...Ch. 3 - Prob. 5BECh. 3 - Prob. 6BECh. 3 - Prob. 7BECh. 3 - Prob. 8BECh. 3 - Entries for materials cost flows in a process cost...Ch. 3 - Flowchart of accounts related to service and...Ch. 3 - Entries for flow of factory costs for process cost...Ch. 3 - Prob. 4ECh. 3 - Equivalent units of production The Converting...Ch. 3 - Prob. 6ECh. 3 - Prob. 7ECh. 3 - Prob. 8ECh. 3 - Prob. 9ECh. 3 - Costs per equivalent unit Georgia Products Inc....Ch. 3 - Prob. 11ECh. 3 - Prob. 12ECh. 3 - Errors in equivalent unit computation Napco...Ch. 3 - Cost per equivalent unit The following information...Ch. 3 - Costs per equivalent unit and production costs...Ch. 3 - Cost of production report The debits to Work in...Ch. 3 - Cost of Production report The Cutting Department...Ch. 3 - Prob. 18ECh. 3 - Prob. 19ECh. 3 - Prob. 20ECh. 3 - Lean manufacturing The following are some quotes...Ch. 3 - The Converting Department of Tender Soft Tissue...Ch. 3 - Prob. 23ECh. 3 - Prob. 24ECh. 3 - Prob. 25ECh. 3 - Prob. 26ECh. 3 - Prob. 27ECh. 3 - Prob. 28ECh. 3 - Entries for process cost system Port Ormond Carpet...Ch. 3 - Cost of production report Hana Coffee Company...Ch. 3 - Equivalent units and related costs; cost of...Ch. 3 - Work in process account data for two months; cost...Ch. 3 - Sunrise Coffee Company roasts and packs coffee...Ch. 3 - Entries for process cost system Preston Grover...Ch. 3 - Cost of production report Bavarian Chocolate...Ch. 3 - Equivalent units and related costs; cost of...Ch. 3 - Work in process account data for two months; cost...Ch. 3 - Prob. 5PBCh. 3 - Analyzing process cost elements across product...Ch. 3 - Analyzing process cost elements over time Pix...Ch. 3 - Determining cost relationships Midst ate...Ch. 3 - Ethics in Action You are the Cookie division...Ch. 3 - Communications Jamarcus Bradshaw, plant manager of...
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