Question: Company C uses Process Costing system. Data about Company C is given below: Data for November Shaping Department Insertion Department Units: Beginning Work in Process

Company C uses Process Costing system. Data about Company C is given below:

Data for November Shaping Department Insertion Department
Units:
Beginning Work in Process ---------------------- 25.000 units
Production started 60.000 units
Transfer in From Previous Department --------------------- ?
Completed Goods Inv. 50.000 units 60.000 units
Ending WIP Inv. 10.000 units 15.000 units
Comp. as to Direct Material 80% 50%
Comp. as to Convers. Work 50% 60%
Costs:
Beginning Work in Process --------------------- $112.500
Transferred in from Previous Department --------------------- ?
Direct Materials Added $145.000 $135.000
Conversion Costs Added $110.000 $103.500

Calculate WIP Inventory-Shaping, WIP Inventory-Insertion and Finished Goods Inventory.

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!

Q:

From the income statement, determine the income tax expense for the year ended February 1, 2020. Tie that number to the second table in Disclosure Note 18, Provision for Income Taxes, and prepare a...

Q:

Company C uses Process Costing system. Data about Company C is given below: Data for November Shaping Department Insertion Department Units: Beginning Work in Process ---------------------- 25.000...

Q:

4. Company C uses Process Costing system. Data about Company C is given below: Data for November Shaping Department Insertion Department Units: Beginning Work in Process 50.000 units Production...

Q:

Luster Company uses process costing system. Operating data for the first processing department for the month of June appear below: Units Beginning work in process inventory .............. 13,000...

Q:

1. Company ATS uses Process Costing system. Data about Company ATS is given below: Data for December Beginning Work in Process Production sturted Transfened in Faom Previous Deparment Completed Goods...

Q:

1. Company ATS uses Process Costing system. Data about Company ATS is given below: Shaping Department . 200.000 units Assembly Department 20000 units - Required: Data for December Beginning Work in...

Q:

Question 1 : Company A produces X, Y and Z. In the current period Company A produced 100.000 X, 180.000 Y and 1 50.000 Z . Manufacturing requirements and unit costs are given below: Manufacturing...

Q:

Question 1: Company A produces X, Y and Z. In the current period Company A produced 100.000 X, 180.000 Y and 150.000 Z. Manufacturing requirements and unit costs are given below: Question 2:...

Q:

Haffner Corporation uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are listed below. 547 Beginning work in...

Q:

9 Haffner Corporation uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: 02.01.19 Beginning...

Q:

Question 2: Calculate Costs of Ending WIP Inventory-Shaping, Ending WIP Inventory-Insertion and Finished Goods Inventory (45 pts) Data for December Shaping Department Insertion Department Units:...

Q:

Mr. Fahd the general director of this company implemented the concept of decentralization, whereby all authorization and responsibilities were delegated to the heads of departments to set transfer...

Q:

Assuming Solar Company has paid no dividends, what are the noncontrolling interests share of the subsidiarys income and the ending balance of the noncontrolling interest in the subsidiary? a. $26,000...

Q:

Item 3 Part 3 of 3 0 . 1 1 points eBook Print References Item 3 Required information Required information Learning Objective 1 1 - C 1 : Identify characteristics of corporations and their...

Q:

On September 15, Bell Accessories purchases P100,000 worth of merchandise worth of damage goods were returned to Clang Supplies. Full payment was from Clang Supplies on account, terms 2/10, n/30. On...