In Huang Group, materials are entered at the beginning of each process. Work in process inventories, with

Question:

In Huang Group, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows.

Ending Work in Process Beginning Work in Process Units Conversion Conversion Transferred Out Month Units Cost% Units Cos

Instructions

a. Compute the physical units for January and May.

b. Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

See More Books

Question Posted: Jul 18, 2019 08:38 AM

See More Questions

Ramali Ltd. has gathered the following information. Units in beginning work in process 0 Units started into production 36,000 Units in ending work in process 6,000 Percent complete in ending work in...
Rivera SpA has several processing departments. Costs charged to the Assembly Department for November 2020 totaled 2,280,000 as follows. Production records show that 35,000 units were in beginning...
Monthly production costs in Paek Ltd. for two levels of production are as follows. Indicate which costs are variable, fixed, and mixed, and give the reason for each answer. Cost Indirect labor...
A jet is traveling westward with the sun directly overhead (the jet is on a line between the sun and the center of the Earth). How fast must the jet fly in order to keep the sun directly overhead?...
Let the function f (z) = u(x, y) + iv(x, y) be analytic in some domain D. State why the functions U(x, y) = eu(x,y) cos v(x, y), V (x, y) = eu(x,y) sin v(x, y) are harmonic in D and why V (x, y) is,...
In Exercises 15, graph the conic section with the given equation. For ellipses, find the foci. For hyperbolas, find the foci and give the equations of the asymptotes. For parabolas, find the vertex,...
Repeat Example 7.3 using $10 \mathrm{~kg} / \mathrm{h}$ of solvent in each stage. Data From Example 7.3:- The feed of Example 7.2 is extracted three times with pure chloroform at 298 K, using 8...
Meadowlands Design produces head covers for golf clubs. The company expects to generate a profit next year. It anticipates fixed manufacturing costs of $200,500 and fixed general and administrative...
Map the EER model of the following databases, to a relational model. Show all integrity types(Clarify your answer by underline the Primary key, and dotted line the Foreign Key). (a) International...
Consider the problem of placing k knights on an nn chessboard such that no two knights are attacking each other, where k is given and k n 2 . a. Choose a CSP formulation. In your formulation, what...
Lawrence plc has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials 4,200, Work in ProcessCutting 2,900, Work in ProcessAssembly 10,600, and Finished Goods 31,000....
The Cutting Department of Fontana SA has the following production and cost data for July. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the...
A survey of cars on a certain stretch of highway during morning commute hours showed that 70% had only one occupant, 15% had 2, 10% had 3, 3% had 4, and 2% had 5. Let X represents the number of...
This discussion is not likely related to your SEC 10-K project company, but you may find notations about customer credit risk and supplier financial issues. The risk from financial and legal issues...
What is the resource-based view and value chain for the "True Religion" case in the Internal Analysis?
From Wooldridge ( 2 0 2 0 ) : For this problem, you need the Excel file intdef _ data and the text document intdef _ description. The Excel file contains annual data for 1 9 4 8 - 2 0 0 3 on the...
Identify the market ( s ) that are more profitable and with available data, understand how it / ( they ) perform better than other markets. From the Financial statement of McDonalds of previous...
Exercises 1. For each equation, verify that Y=0 is a steady state. Determine if it is unstable or asymptotically stable. a) y=sin(1-e) c) y = -e sin(y) b) y' =y-3y+ y d) (1+) In(1+ y)
The adjusted trial balance for Aster Automobiles Inc. at December 31, 2017, is presented below. Aster's income tax rate is 25% and journal entries for income tax expense have not yet been prepared....
Explain why each of the following is either a private good or a public good: traffic lights, in line skates, a city park, a chicken salad sandwich, a tennis racket, national defense, a coastal...
Computer Associates International, Inc., the worlds leading business software company, delivers the end-to-end infrastructure to enable e-business through innovative technology, services, and...
Computer Associates International, Inc., the worlds leading business software company, delivers the end-to-end infrastructure to enable e-business through innovative technology, services, and...
Computer Associates International, Inc., the worlds leading business software company, delivers the end-to-end infrastructure to enable e-business through innovative technology, services, and...
In October 20X5, Pollock Company exchanged a used packaging machine having a book value of $240,000 for a new machine and paid a cash difference of $30,000. The market value of the used packaging...
Project managers should track the details of their projects to be transparent and manage risks as they arise. What is another benefit of tracking in project management?
During 2020, Nike disposed of a machine that had been acquired on January 1, 2014 for a purchase price of $20 million. The machine was being depreciated using the straight-line method, a $4 million...

In Huang Group, materials are entered at the beginning of each process. Work in process inventories, with

Question:

Ending Work in Process Beginning Work in Process Units Conversion Conversion Transferred Out Month Units Cost% Units Cost% 2,000 January March -0- 11,000 60 -0- 12,000 3,000 30 May July 7,000 14,000 80 -0- 10,000 1,500 40

Step by Step Answer:

a January May Units to be accounted for Beginning work in process Started into production Total ...View the full answer

Accounting Principles

Students also viewed these Business questions