ALS is using a process costing system for the production of apple cakes that it sells...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ALS is using a process costing system for the production of apple cakes that it sells to retail stores. At the start of January, there were 9,000 units as beginning work in process in the Baking Department. During the month, the company began production of 210,000 units. At the end of January, the Ending Work in Process Inventory consisted of 5,000 units that were 100 percent complete with respect to material and 40 percent complete with respect to conversion (labor and overhead). Costs for the Baking Department are as follows for January: a. b. Beginning Work in Process Costs incurred during $ 72,000 85,000 71,000 $228.000 month Direct material Direct labor Manufacturing overhead Total Calculate the cost per equivalent unit for materials and conversion costs for January. Calculate the cost of units completed in January and the cost of ending Work in Process for January. $7,500 3,000 7,000 $17.500 ALS is using a process costing system for the production of apple cakes that it sells to retail stores. At the start of January, there were 9,000 units as beginning work in process in the Baking Department. During the month, the company began production of 210,000 units. At the end of January, the Ending Work in Process Inventory consisted of 5,000 units that were 100 percent complete with respect to material and 40 percent complete with respect to conversion (labor and overhead). Costs for the Baking Department are as follows for January: a. b. Beginning Work in Process Costs incurred during $ 72,000 85,000 71,000 $228.000 month Direct material Direct labor Manufacturing overhead Total Calculate the cost per equivalent unit for materials and conversion costs for January. Calculate the cost of units completed in January and the cost of ending Work in Process for January. $7,500 3,000 7,000 $17.500
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The Jacksonville Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and...
-
The Savannah Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and then...
-
Regal Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 10,000 units in process that were 100 percent complete with respect to...
-
Multi-Star, Inc., had sales of $890,000, cost of sales and operating expenses of $450,000 and $200,000, respectively, and 10,000 shares of common stock outstanding. Calculate the amount of earnings...
-
The specific gravity of the dam shown in Figure P8.3.4 is 2.63, and the coefficient of friction between the dam and the foundation is 0.53. The depth of the water is 2 7.5 m when the reservoir is...
-
Brian looked up prices of thirteen used Chevrolet HHR "retro" trucks in the classified ads and found these prices: $8,500, $8,500, $8,500, $9,900, $10,800, $10,800, $11,000, $12,500, $12,500,...
-
Discuss the employment-at-will doctrine.
-
Refer to the budgets prepared in Exercise E22- 25. Determine the cost per kit to manufacture the model airplane kits. Grady projects sales of 325, 400, 475, and 525 kits per quarter. Prepare a cost...
-
A production department reports the following conversion costs. Equivalent units of production for conversion total 436,000 units this period. Calculate the cost per equivalent unit of production for...
-
Dixie Showtime Movie Theaters, Inc., owns and operates a chain of cinemas in several markets in the southern United States. The owners would like to estimate weekly gross revenue as a function of...
-
We have a decoder with three inputs, a, b, and c, and eight active low outputs, labeled 0 through 7. In addition, there is an active low enable input EN'. We wish to implement the following function...
-
Which country is known for agricultural, mining, and manufacturing? A) Brazil B) Germany C) India D) China
-
Describe at least 3 organizations that support cultural diversity standards in healthcare including how each will help improve cultural diversity standards.
-
Managers analyzing factors associated with the decision situation is called: A) Escalating Commitment B) Ambiguity C) Diagnosis D) Scenario Building
-
You have just finished giving a sales presentation to a company executive. You were sure you would close this sale. After the presentation the company executive tells you that earlier that morning he...
-
this idea proposed at the constitutional convention included a three branch government with a legislative brand including two houses with one based on population and the other on equality a . the...
-
What is happening to market size, growth, geographical distribution, and profits of Amazon? What are the major market segments?
-
Per Bag Direct materials: 25 pounds of CWhiz-2000 @ $0.08/lb. = $ 2.00 Direct labor: 0.05 hour @ $32.00/hr. = $ 1.60 The company manufactured 100,000 bags of Cheese-Be-Good in December and used...
-
Kaplan gives several examples of the need to clearly explain the cafs purpose and goals. Identify specific assumptions or misconceptions that their audience may have. Why is managing or countering...
-
What organizations are you personally in contact with that rely on grants for all or part of their budget? Are you ever the in a position to make requests for funding? Do you ever receive those...
-
What incentives do digital tools provide to circulate more rather than fewer paper documents? What incentives do companies have to reduce their use of paper? What tradeoffs or conflicts between these...
Study smarter with the SolutionInn App