Question: Please complete part (c) - The 3rd picture Assume that beginning work in process consists of 1,100 units valued at $ 10,302 ($ 4,500 are

 Please complete part (c) - The 3rd picture Assume that beginningwork in process consists of 1,100 units valued at $ 10,302 ($4,500 are materials). The units are 40% complete as to conversion costs.

Please complete part (c) - The 3rd picture

Assume that beginning work in process consists of 1,100 units valued at $ 10,302 ($ 4,500 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $ 115,410 and manufacturing overhead costs are $ 53,500. Determine the equivalent units of production for materials and conversion costs.

the other 2 parts are complete

The Sanding Department of Kaiden Company has the following production and cost data for November. Production 1. Started and completed 9,800 units. 2. Started 2,800 units that are 80% completed at November 30. Costs Beginning work in process $-0- Materials 61,740 Labor 132,440 Manufacturing Overhead 48,160 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Kaiden Company uses the FIFO method to compute equivalent units. (a) Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Equivalent Units Materials 12600 Conversion costs 12040 Your answer is correct. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round answers to 2 decimal places, e.g. 15.25.) Material costs $ 4.90 Conversion costs $ 15.00 Total unit costs $ 19.90 Kaiden Company Cost Reconciliation Schedule Costs accounted for: Transferred out $ 195020 Work in process, November 30th Materials $ 13720 Conversion costs 33600 47320 Total costs $ 242340 Assume that beginning work in process consists of 1,100 units valued at $ 10,302 ($ 4,500 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $ 115,410 and manufacturing overhead costs are $ 53,500. Determine the equivalent units of production for materials and conversion costs. Equivalent Units Materials Conversion costs Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit costs to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, eg. 125.) Material costs $ Conversion costs $ Total unit costs $ Kaiden Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials $ Conversion Costs $ ansferred out Work in process, November 30th Materials $ Conversion Costs Total costs $

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!