Question: 12. Use the following information to answer both part A & b Beginning Work in Process Inventory: 300 units Materials: 40% complete $ 6,119 Conversion:

12. Use the following information to answer both part A &

12. Use the following information to answer both part A & b Beginning Work in Process Inventory: 300 units Materials: 40% complete $ 6,119 Conversion: 20% complete $ 3,920 Production started during June 6,000 units Production completed during June 5,400 units Costs added to production in June Materials cost $ 118,621 Conversion cost $ 81,130 900 units Ending Work in Process Inventory: Materials: 60% complete Conversion: 30% complete Under weighted average method A) Compute the Equivalent Units as for material & conversion B) Compute the Cost per Equivalent Unit as for material & conversion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The file Banks.csv includes data on a sample of 20 banks. The Financial Condition column records the judgment of an expert on the financial condition of each bank. This outcome variable takes one of...

Weighted average process costing; analysis of equivalent units; manufacturer TeleFone Ltd assembles various components used in the telecommunication industry. The company's major product, a relay...

Dante Carpet Manufacturing Inc. uses a process costing system and calculates per-unit costs using the weighted average method. The company has two sequential production departments, Extrusion and...

1) To decide the cost of a product, managers use information about past and projected product costing and customer preferences. (1pts) True False 2) The following data were taken from the accounting...

Dante Carpet Manufacturing Inc. uses a process costing system and calculates per-unit costs using the weighted average method. The company has two sequential production departments, Extrusion and...

Work Problem P20-33A using the FIFO method. The Mixing Department beginning work in process of 300 units is 40% complete as to both direct materials and conversion costs. Round equivalent unit of...

Please answer these! Thank you Which of the following formulas correctly calculates the number of units transferred out in cell D21? A B D E 1 Wild Company uses the weighted average method of process...

This exercise relates to the Double Diamond Skis' Shaping and Milling Department that was discussed earlier in the chapter. The Excel worksheet form that appears below consolidates data from Exhibits...

Paste ov Merge & Center $ % 98 -28 Conditional Format Cell Formatting as Table Styles Insert Delete Format C1 . B C 1 Chapter 4: Applying Excel Name: 2 3 Data 4 Beginning work in process inventory: 5...

Change all of the numbers in the Data area of your worksheet so that it looks like this: What is the cost of the units transferred out? What happens to the cost of the units transferred out in part...

Create the database and insert the data in the tables using either SQLServer, MySQL, or Oracle Show all necessary SQL statements to create the tables and insert the data in the tables. Choose the...

Suppose you borrow at a 4 percent risk-free rate an amount equal to your initial wealth and you invest it all in a portfolio with an expected return of 15 percent and a standard deviation of 30...

E21.13 (LO 1) (Change in PolicyLong-Term Contracts) Bryant Construction Company changed from the cost-recovery to the percentage-of-completion method of accounting for long-term construction...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

What are the challenges and opportunities, and strengths and weaknesses of the German approach to diversity? What are their blind-spots?

How did Baba Ramdev emerge as a leader, even though he does not possess the symbols of leadership which are usually employed?

Discuss the strategic choices exercised by Patanjalis leadership in dealing with the institutional environment?