1. Work in process, September 1 Units started during September Units completed during September Work in process, September 30 2. Work in process, February 1 Units started during February Units completed during February Work in process, February 28 3. Work in process, January 1 Units started during the year Units completed during the year Work in process, December 31 9,000 tons tons 19,000 tons 2,000 tons + 13,000 kilograms 1,500 kilograms 9,200 kilograms kilograms 100,000 gallons 850,000 gallons gallons 200,000 gallons

1. Work in process, September 1 Units started during September Units completed during September Work in process, September 30 2. Work in process, February 1 Units started during February Units completed during February Work in process, February 28 3. Work in process, January 1 Units started during the year Units completed during the year Work in process, December 31 9,000 tons tons 19,000 tons 2,000 tons + 13,000 kilograms 1,500 kilograms 9,200 kilograms kilograms 100,000 gallons 850,000 gallons gallons 200,000 gallons

Name: In each case below, fill in the missing amount.1. Work in process, Se
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Description: In each case below, fill in the missing amount.1. Work in process, September 1Units started during SeptemberUnits completed during SeptemberWork in process, September 302. Work in process, February 1Units started during FebruaryUnits completed durin

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 7E: The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units...

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Elmo has the following information for the month of October, its first month of operations Work in Progress October 0 Units completed and transferred in october 120,000 Work in process October 30 32,000 100% completed for matrials 80% completed for conversion costsCosts added in October Materials $145,900 Direct Labor $96,000 Overheads $108,000Requireda) Determine the equivalent units of production for October. b) Determine the cost of the ending work-in-process. c) Determine the cost of goods completed. d) What is meant by the term equivalent full units?
Elmoe has the following information for the month of October, its first month of operations: Work in Process October 1 Units completed & transferred out in October Work in process October 30 100% completed for materials 80% completed for conversion costs 120,000 32,000 Costs added in October S145,900 $96,000 Materials Direct Labor Overhead S108,000 Required a) Determine the equivalent units of production for October. b) Determine the cost of the ending work-in-process. c) Determine the cost of goods completed. d) What is meant by the term equivalent full units?
Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. Beginning Work in Process Ending Work in Process Conversion Conversion Complete Complete (percent) (percent) Month February June September December Units 2,000 4,700 3,800 48 66 27 39 Units Started 23,900 26,400 22,900 Units Completed 23 36 59 76 Units Started and Completed
The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000 units one-half completed at a cost of 1,250 for materials, 675 for labor, and 950 for overhead. Production costs for the monthmaterials, 99,150; labor, 54,925; factory overhead, 75,050. Units completed and transferred to stock38,500. Work in process, end of month3,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost.
a. Based upon the data in Exercise 17-7, determine the following for December: 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during December 4. Cost of units started and completed during December 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in December?
Elmo has the following information for the month of October, its first month of operations Work in Process October 1 0 Units completed and transferred out in October 120, 000 Work in Process, October 30 32,000 100% completed for materials 80% completed for conversion costs Costs added in October Materials $145, 900 Direct labor $96,000 Overheads $108,000 Required:(1.) Determine the equivalent units of production for October. 2.) Determine the cost of the ending work-in-process.(3.) Determine the cost of goods completed.(4) What is meant by the term equivalent full units?
The work-in-process account for Department #2 for the month of December of the current year is presented below: Work in Process - Department #2 Beginning (1,200 units, 1⁄4 completed) - P1,200 Transferred out (6,200 units) ??? Transferred in from Department #1 (6,000 units) - 3,600 Direct labor - 8,000 Factory overhead - 4,800 Ending (1,000 units, 1⁄2 completed) - ??? No additional direct materials are added in Department #2. The department uses FIFO method. How much is the cost of goods transferred out?12,80017,66016,00013,000 How much is the cost of ending work in process?1,6006002,6001,000
Goode Company has the following production data for selected months. Ending Work in Process Beginning Work in Process Units % Complete as to Conversion Cost Month Transferred Out Units January 36,500 10,600 44 % March 41,000 8,200 73 July 50,800 18,300 24 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.
What is the missing amount in this physical flow of units? Work in process, August 1 Units started in August Units completed during August Work in process, August 31 Multiple Choice O ) 10,000 tons 12,000 tons 8,000 tons 30,000 tons 9,000 tons ? 19,000 2,000 tons
Goode Company has the following production data for selected months. EndingWork in Process Month BeginningWork in Process UnitsTransferred Out Units % Complete as toConversion Cost January –0– 40,300 10,300 42 % March –0– 41,800 9,000 75 July –0– 48,800 20,700 21 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July