A company has 1,400 units in ending work in process that are 20% complete after transferring out 11,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $8 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? Cost of units transferred out $4 Ending work in process inventory $
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- My Home CengageNOWv2| Online te... eBook The packaging department began the month with 500 units that were 100% complete with regard to material and conversion. It received 9,300 units from the processing department and ended the month with 850 units that were 100% complete with regard to materials and 30% complete with regard to conversion. With a $4 per unit cost for conversion and a $4 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory? Units transferred out Ending inventoryV2.cengagenow.com Course Homepage-79574.201940 CengageNOWv2 | Online teaching and learning resource from Cengage Le Calculator Print Item Equivalent Units of Production: Average Cost Method The Converting Department of Tender Soft Tissue Company uses the average cost method and had 3,800 units in work in process that were 70% complete at the beginning of the period. During the period, 47,900 units were completed and transferred to the Packing Department. There were 2,100 units in process that were 20% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. units b. Determine the number of equivalent units of production for the period. unitseNOWv2 | Online teach akeAssignment/takeAssignm IMain.do?invoker 8takeAssignmentSessionLocator-8inprogress-false en genera... 21. Homepage South... CengageNOWv2 |. MindEdge Other bookmarks E eBook Show Me How Equivalent Units of Production The Converting Department of Worley Company had 720 units in work in process at the beginning of the period, which were 40% complete. During the period, 15,200 units were completed and transferred to the Packing Department. There were 800 units in process at the end of the period, which were 70% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0" Worley Company Number of Equivalent Units of Production Direct Materials Equivalent Units Equivalent Units Whole Units Conversion Inventory in process, beginning 720 432. Started and completed x Transferred to Packing Department…
- References My Questio Business an ndenccinstructure.com/courses/3788/assignments/35967?module iten id-8 1 Bramble Company's Assembly Department has materials cost at $5 per unit and conversion cost at $8 per unit. There are 29800 units in ending work in process, all of which are 60% complete as to conversion costs. Materials are added at the beginning of the process. How much are total costs to be assigned to inventory? $387400. O $292040. $149000. $143040. e Textbook and Mediay Questions | bartleby How many units must be in... My Home CengageNOWv2| Online te... eBook Show Me How Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year's production: Units to Account For Units Materials Conversion Beginning work in process inventory 600 600 250 Started 21,400 Total units to accounted for 22,000 Ending inventory was 100% complete as to materials and 70% complete as to conversion, and the total materials cost is $59,840 and the total conversion cost is $37,648. Using the weighted-average method, what are the unit costs if the company transferred out 18,000 units? If required, round final answers to two decimal places. Cost per unit Materials %24 Conversion $ Using the weighted-average method, what is the value of the inventory transferred out and the value of the ending WIP inventory? Inventory…estions | bartleby G How many units must be in... My Home CengageNOWv2| Online te... eВook Narwhal Swimwear has a beginning work in process inventory of 14,500 units and transferred in 120,000 units before ending the month with 15,000 units that were 100% complete with regard to materials and 40% complete with regard to conversion costs. The cost per unit of material is $6.00 and the cost per unit for conversion is $7.80. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the month? Material cost Conversion cost $ +
- uestions | bartleby G How many units must be in... My Home CengageNOWv2| Online te.. eBook Show Me How A production department within a company received materials of $10,000 and conversion costs of $8,000 from the prior department. It added material of $36,500 and conversion costs of $70,750. The equivalent units are 25,000 for material and 22,500 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials Conversion $ + %24keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3D&inprogress%3Dfalse # To еВook Show Me How Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $556,500. The conversion cost for the period in the Rolling Department is $116,400 ($69,000 factory overhead applied and $47,400 direct labor). The total cost transferred to Finished Goods for the period was $530,000. The Rolling Department had a beginning inventory of $27,400. a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank. a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank. a3. Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it blank. b. Determine the balance of Work in Process-Rolling at the end of the period. Check My Work 2 more Check My Work…CengageNOWv2 | Online teachin x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession. E * Ch 20.2 Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $1.75 and $1.85, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,800 Started and completed during the period 46,000 46,000 Transferred out of Filling (completed) 46,000 48,800 Inventory in process, end of period 3,000 1,500 Total units to be assigned costs 49,000 50,300 The beginning work in process inventory had a cost of $1,570. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar. Completed and transferred out of production Inventory in process, ending 8,025 Feedback V…
- com/lrn/takeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogress-false eBook Show Me How Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $506,200. The conversion.cost for the period in the Rolling Department is $114,200 ($65,300 factory overhead applied and $48,900 direct labor). The total cost transferred to Finished Goods for the period was $520,000. The Rolling Department had a beginning inventory of $24,300. a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank. 88 a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank. a3. Journalize the costs transferred out to Finished Goods: If an amount box does not require an entry, leave it blank. b. Determine the balance of Work in Process-Rolling at the end of the period. MAR 1081/1 CengageNOWv2 | Online teachirn X now.com/ilrn/takeAssignment/takeAssignmentMaruo?invoker=&itakeAssignmentSessionLocator=&inprogress3Dfalse eBook Prepare the journal entry to record the transfer of 2,500 units from the packaging department to finished goods if the material cost per unit is $2 and the conversion cost per unit is $5.60. If an amount box does not require an entry, leave it blank. 88bMy Questions | bartleb https//camoenccinstructure.com/courses/3788/assignments/35966?module_iten id-88692 o Busimess and inandat The Kirkland Department of Delta Company began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units transferred out are 10,000 units. Ending work in process contains 8,000 units that are 100 % complete as to materials and 60% complete as to conversion costs. Compute the equivalent units of production for materials and conversion costs for the month of December. Equivalent Units QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for Work in process, December 1 Started into production Total units Units accounted for Transferred out Work in process, December 31 3 Total units eTextbook and Media