4. On April 1, 2021, KAKAYANIN Company had 6,000 units of Work in Process in Department B, the second and last stage of their production cycle. The costs attached to these 6,000 units were Php 12,000 of cost transferred in from Department A, Php 2,500 of material cost added in Department B and Php 2,000 conversion cost added in Department B. Materials are added in the beginning of the process in Department B. Conversion was 50% complete on April 1, 2021. During April, 14,000 units were transferred in from Department A at a cost of Php 27,000; and material cost of Php 3,500 and conversion cost of Php 3,000 were added in Department B. On April 30, Department B had 5,000 units of work in process 60% incomplete as to conversion costs. The costs attached to these 5,000 units were Php 10,500 of cost transferred in from Department A, Php 1,800 of material cost added in Department B and Php 800 of conversion costs added in Department B. a. Using weighted average method, what is the unit cost per transferred-in? b. Using weighted average method, what is the unit cost per materials? c. Using weighted average method, what is the unit cost per conversion costs?

4. On April 1, 2021, KAKAYANIN Company had 6,000 units of Work in Process in Department B, the second and last stage of their production cycle. The costs attached to these 6,000 units were Php 12,000 of cost transferred in from Department A, Php 2,500 of material cost added in Department B and Php 2,000 conversion cost added in Department B. Materials are added in the beginning of the process in Department B. Conversion was 50% complete on April 1, 2021. During April, 14,000 units were transferred in from Department A at a cost of Php 27,000; and material cost of Php 3,500 and conversion cost of Php 3,000 were added in Department B. On April 30, Department B had 5,000 units of work in process 60% incomplete as to conversion costs. The costs attached to these 5,000 units were Php 10,500 of cost transferred in from Department A, Php 1,800 of material cost added in Department B and Php 800 of conversion costs added in Department B. a. Using weighted average method, what is the unit cost per transferred-in? b. Using weighted average method, what is the unit cost per materials? c. Using weighted average method, what is the unit cost per conversion costs?

Name: 4. On April 1, 2021, KAKAYANIN Company had 6,000 units of Work in Pro
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: 4. On April 1, 2021, KAKAYANIN Company had 6,000 units of Work in Process in DepartmentB, the second and last stage of their production cycle. The costs attached to these 6,000 unitswere Php 12,000 of cost transferred in from Department A, Php 2,500

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...

See similar textbooks

Similar questions

A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?
During the month of March, 2018 the following costs were incurred in department No. 2 of MianPaints Industry: Materials cost Rs.9,000, Labour cost Rs.4,250, F.O.H cost Rs : 5,100.During the month 20,000 units with a total cost of Rs.38,000 were transferred into department 2 fromDepartment No, 1. Of these 15,000 units were completed and transferred to department No. 3 and4,000 units were in process on 31 st March being 3/4 complete as to materials, 1/2 complete as tolabour and factory overhead.Required: A cost of production report of department 2 for the month of March, 2018.
Tuxedo Company has several processing departments. Costs charged to the AssemblyDepartment for October 2019 totaled $1,298,400 as follows. Work in process, October 1 Materials $29,000Conversion costs 16,500 $ 45,500 Materials added 1,006,000Labor 138,900Overhead 108,000 Production records show that 25,000 units were in beginning work in process 40% completeas to conversion cost, 435,000 units were started into production, and 35,000 units were inending work in process 40% complete as to conversion costs. Materials are entered at thebeginning of each process. Instructions:a) Determine the equivalent units of production and the unit production costs for theAssembly Department.b) Determine the assignment of costs to goods transferred out and in process.c) Prepare a…
During June, 30,000 units were transferred in from Department A at a cost of Rs. 69,000. Materials cost of Rs. 15,000 and conversion cost of Rs. 12,780 were added in Department B. on June 30, Department B had 8,000 units of work in process 80% complete as to conversion cost. Materials are added in the beginning of process in Department B. Calculate unit cost with respect to all component of costs (Hint: material and conversion)?
A production department within a company received materials of $8,000 and conversion costs of $11,000 from the prior department. It added material of $23,280 and conversion costs of $42,550. The equivalent units are 17,000 for material and 15,300 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials $ Conversion $
The cost of direct materials transferred into the Rolling Department of Jabari Company is $520, 800. The conversion cost for the period in the Rolling Department is $281,300. The total equivalent units for direct materials and conversion are 2, 800 tons and 4, 850 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: fill in the blank 1 of 2$ per ton Conversion cost per equivalent unit: fill in the blank 2 of 2$ per ton
1. Gena Company has several processing departments. Costs charged to Department A or January 2020 were as follows. Work in process, January 1: Materials =$37,000 Conversion costs =$18,000 Costs added during the month: Materials $1,462,600 Labor $392,000 Overhead $127,240 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 435,000 units were started into production, and 40,000 units were in ending work in process, 100% complete as to materials, and 60% complete as to conversion costs. Instructions: • Determine the physical and equivalent units of production • Determine the cost per equivalent unit for Department A • Determine the assignment of costs to goods transferred out and in ending work in process • Do a cost reconciliation. • Prepare the journal entry necessary to transfer the cost of the completed units from Department A to Department B.
J & G Distilleries makes one of its products by way of three separate stages. Details ofproduction for the month ending 31st January were as follows:ProcessFermenting Distilling BottlingInput material: 65,000 litres $780,000 - -Material added - $89,000 -Direct Labour cost $114,600 $153,500 $225,600Manufacturing Overhead $122,000 $126,000 $193,100Normal losses 8% 5% 5%Output 55,000 litres 53,000 litres 48,000 litresScrap value of losses - $18.00/litre $30.00/litreThe nature of the process requires equipment to be cleaned at the end of each month; hencethere is no opening or closing stock of product in process.Required:i) The process account for each process: andii) The abnormal loss/gain account(s) showing J & G’s true loss/gain
During September, 30,000 units were transferred in from Department A at a cost of Rs. 69,000. Materials cost of Rs. 15,000 and conversion cost of Rs. 12,780 were added in Department B. on September 30, Department B had 8,000 units of work in process 80% complete as to conversion cost. Materials are added in the beginning of process in Department B. The cost of units transferred out from Department A during the month was:
Compute the unit cost for materials when beginning work in process is $965, current period costs are $12,835, and equivalent units for the department are 4,000. a. $3.45 b. $3.21 c. $0.24 d. $34.50
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $1,000,500. The conversion cost for the period in the Bottling Department is $648,000. The total equivalent units for direct materials and conversion are 34,500 liters and 7,200 liters, respectively. Determine the direct materials and conversion cost equivalent unit. Cost per equivalent unit of materials Cost per equivalent unit of conversion
The cost of direct materials transferred into the Bottling Department of Mountain Springs Water Company is $27,225. The conversion cost for the period in the Bottling Department is $7,596. The total equivalent units for direct materials and conversion are 60,500 and 63,300, respectively. Determine the direct materials and conversion cost per equivalent unit. Round your answers to the nearest cent. Materials Cost per Equivalent Unit: $ Conversion Cost per Equivalent Unit: $