Question: Work in Process Inventory, August 1 20,000 units Direct materials: 100% complete $80,000 24,000 104,000 45,000 Conversion: 20% complete Balance in work in process, August

Work in Process Inventory, August 1 20,000 units Direct materials: 100%

Work in Process Inventory, August 1 20,000 units Direct materials: 100% complete $80,000 24,000 104,000 45,000 Conversion: 20% complete Balance in work in process, August 1 $ Units started during August Units completed and transferred in August work in process (70% complete), August 31 Costs charged to Work in Process in 57,000 7 August 166,000 Direct materials Conversion costs Direct labor Overhead applied 104,000 142,000 246,000 Total conversion Assume materials are added at the start of processing Instructions a. Calculate the equivalent units for the Forming Department for the month of August. rect Conversion Materials Equivalent units b. Find the cost per equivalent unit of input resource. (Round your answers to 2 decimal places.) rect Conversion Materials Cost per equivalent unit

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 Finance Questions!

\\Is division A produces soft drinks in standard sizes . Set out below is information* for the month of January :" Work- in- process inventory , 1 January 4, 000 units Direct materials : 100%...

Solex Company produces a high-quality insulation material that passes through two production processes. Data for June for the first process follow: Work in process inventory, June 1 60 000 units...

Search Chapter 3 Homework - Process Cost Cj . Excel Revea View Help Aucbat Invert Page Layout . Formulas Data Up Wrap Teat Conditional B 1 4 - 1 - 4 - A- Formatting Alignment Number Fort C D E F G...

The following data pertain to a production center of Navajo Company, a manufacturer of garbage bins. NAVAJO COMPANY DATA FOR PRODUCTION FOR MONTH OF AUGUST Work in Process Inventory, August 1: (80%...

B D E F G H Problem A The following data refer to a production center of Sipp-Fizz, a soft drink bottler: 57 points Work in process inventory, August 1, 4,000 units (units equal 12-bottle cases):...

Process costing: number of units completed and transfered, total equivalent units of production, cost per equivalent unit, total costs of units completed and transfered, ending work-in-process. We...

Process costing: number of units completed and transfered, total equivalent units of production, cost per equivalent unit, total costs of units completed and transfered, ending work-in-process. This...

The attached data pertain to a production center of Chippewa Company, a manufacturer of garbage bins, for the month of August. The ending inventory consisted of 6,000 units which were 80% complete as...

Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material...

You are offered a court settlement in the following terms: you will receive 4 equal payments of $7,958 each every year, with the first payment being made 3 years from now. The current annual interest...

DRS Corporation changed the way it depreciates its computers from the sum-of-the-year's-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual...

3. What operations are performed by the INT 9h service routine?

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...