The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (37% completed) 5,800 units Completed units during June 57,000 units Ending inventory (56% complete) 4,200 units The number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories, is Oa. 2,352 units b. 51,200 units c. 61,200 units d. 55,400 units Previous Next > Submit Test for Grading All work saved. Calculator Department Bhad 3,000 units in Work in Process that were 25% completed at the beginning of the period at a cost of $12,500, 13,700 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 1,700 units were 95% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for materials, if the first-in, first-out method is used to cost inventories, was a. 12,000 Ob. 13,700 Oc. 16,700 Od. 1,700 Previous Next > Submit Test for Gracing All work saved. Calculator In a process cost system, the amount of work in process inventory is valued by a. finding the sum of all completed jobs Ob. allocating departmental costs between completed and partially completed units c. finding the sum of all open job costs Od. multiplying units in ending inventory by the direct materials cost per unit Previous Next > All work saved. Submit Test for Grading Calculator The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 66.7% completed Materials added during May, 10,000 units Conversion costs during May Goods finished during May, 11,500 units May 31 work in process, 1,500 units, 50% completed $8,700 5,000 26,900 30,600 0 All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is $3.06 $2.34 $2.69 $3.93 Previous Next > All work saved Bit Instructor Submit Test for Grading Calculator 03,000 Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 units at $8) 83,200 Direct labor Factory overhead 25,000 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 3,600 units of beginning inventory which were completed during the period (round unit cost calculations to four decimal places) is Oa. $40,000 Ob. $16,163 Oc. $19,275 Od. $62,206 Previous Next E s tructor Submit Test for Grading Calculator Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of the $12,500, $8,000 was for material and $4,500 was for conversion costs, 14,000 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. If the weighted average method is used, the materials cost per unit (rounded to the nearest cent) would be OD. $2.04 Ob. $1.91 Oc. $2.00 d. $1.59 Previous Next All work saved. mall instructor Submit Test for Grading Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1 (37% completed) 5,800 units Completed units during June 57,000 units Ending inventory (56% complete) 4,200 units The number of conversion equivalent units of production in the June 30 Finishing Department Inventory, assuming that the first in, first-out method is used to cost inventories, is a. 2,352 units Ob. 51,200 units c. 61,200 units Od. 55,400 units Previous Next Submit Test for Grading All work savo Department B had 3,000 units in Work in Process that were 25% completed at the beginning of the period at a cost of $12,500, 13,700 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 1,700 units were 95% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for materials, if the first-in, first-out method is used to cost inventories, was Ca. 12,000 Ob. 13,700 c. 16,700 d. 1,700 Previous Next Submit Test for Grading All work saved In a process cost system, the amount of work in process inventory is valued by Oa. finding the sum of all completed jobs Ob. allocating departmental costs between completed and partially completed units c. finding the sum of all open job costs d. multiplying units in ending inventory by the direct materials cost per unit Previous Next Soon Test for Grading Calculator The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $8,700 Conversion costs, 3,000 units, 66.7% completed 5,000 Materials added during May, 10,000 units 26,900 Conversion costs during May 30,600 Goods finished during May, 11,500 units May 31 work in process, 1,500 units, 50% completed All direct materials are placed in process at the beginning of the process and the first in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is $3.06 $2.34 $2.69 $3.93 Previous Next > W Submit Test for Gradins takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Sinprogress-false Calculator Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period: 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 units at $8) 83,200 Direct labor 63,000 Factory overhead 25,000 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 3,600 units of beginning inventory which were completed during the period (round unit cost calculations to four decimal places) is Oa. $40,000 Ob. $16,163 Oc. $19,275 Od. $62,206 Previous Next > Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of the $12,500, $8,000 was for material and $4,500 was for conversion costs, 14,000 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period. and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32.450 and factory overhead was $18,710. If the weighted average method is used, the materials cost per unit (rounded to the nearest cent) would be a. $2.04 Ob. $1.91 c. $2.00 d. $1.59 Previous Next > All work saved i nstructor Submit Test for Grading The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (37% completed) 5,800 units Completed units during June 57,000 units Ending inventory (56% complete) 4,200 units The number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories, is Oa. 2,352 units b. 51,200 units c. 61,200 units d. 55,400 units Previous Next > Submit Test for Grading All work saved. Calculator Department Bhad 3,000 units in Work in Process that were 25% completed at the beginning of the period at a cost of $12,500, 13,700 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 1,700 units were 95% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for materials, if the first-in, first-out method is used to cost inventories, was a. 12,000 Ob. 13,700 Oc. 16,700 Od. 1,700 Previous Next > Submit Test for Gracing All work saved. Calculator In a process cost system, the amount of work in process inventory is valued by a. finding the sum of all completed jobs Ob. allocating departmental costs between completed and partially completed units c. finding the sum of all open job costs Od. multiplying units in ending inventory by the direct materials cost per unit Previous Next > All work saved. Submit Test for Grading Calculator The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 66.7% completed Materials added during May, 10,000 units Conversion costs during May Goods finished during May, 11,500 units May 31 work in process, 1,500 units, 50% completed $8,700 5,000 26,900 30,600 0 All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is $3.06 $2.34 $2.69 $3.93 Previous Next > All work saved Bit Instructor Submit Test for Grading Calculator 03,000 Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 units at $8) 83,200 Direct labor Factory overhead 25,000 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 3,600 units of beginning inventory which were completed during the period (round unit cost calculations to four decimal places) is Oa. $40,000 Ob. $16,163 Oc. $19,275 Od. $62,206 Previous Next E s tructor Submit Test for Grading Calculator Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of the $12,500, $8,000 was for material and $4,500 was for conversion costs, 14,000 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. If the weighted average method is used, the materials cost per unit (rounded to the nearest cent) would be OD. $2.04 Ob. $1.91 Oc. $2.00 d. $1.59 Previous Next All work saved. mall instructor Submit Test for Grading Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1 (37% completed) 5,800 units Completed units during June 57,000 units Ending inventory (56% complete) 4,200 units The number of conversion equivalent units of production in the June 30 Finishing Department Inventory, assuming that the first in, first-out method is used to cost inventories, is a. 2,352 units Ob. 51,200 units c. 61,200 units Od. 55,400 units Previous Next Submit Test for Grading All work savo Department B had 3,000 units in Work in Process that were 25% completed at the beginning of the period at a cost of $12,500, 13,700 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 1,700 units were 95% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for materials, if the first-in, first-out method is used to cost inventories, was Ca. 12,000 Ob. 13,700 c. 16,700 d. 1,700 Previous Next Submit Test for Grading All work saved In a process cost system, the amount of work in process inventory is valued by Oa. finding the sum of all completed jobs Ob. allocating departmental costs between completed and partially completed units c. finding the sum of all open job costs d. multiplying units in ending inventory by the direct materials cost per unit Previous Next Soon Test for Grading Calculator The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $8,700 Conversion costs, 3,000 units, 66.7% completed 5,000 Materials added during May, 10,000 units 26,900 Conversion costs during May 30,600 Goods finished during May, 11,500 units May 31 work in process, 1,500 units, 50% completed All direct materials are placed in process at the beginning of the process and the first in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is $3.06 $2.34 $2.69 $3.93 Previous Next > W Submit Test for Gradins takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Sinprogress-false Calculator Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period: 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 units at $8) 83,200 Direct labor 63,000 Factory overhead 25,000 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 3,600 units of beginning inventory which were completed during the period (round unit cost calculations to four decimal places) is Oa. $40,000 Ob. $16,163 Oc. $19,275 Od. $62,206 Previous Next > Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of the $12,500, $8,000 was for material and $4,500 was for conversion costs, 14,000 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period. and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32.450 and factory overhead was $18,710. If the weighted average method is used, the materials cost per unit (rounded to the nearest cent) would be a. $2.04 Ob. $1.91 c. $2.00 d. $1.59 Previous Next > All work saved i nstructor Submit Test for Grading