Question
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s...
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Department for the month of December.
| Materials | Conversion | |||
| Work in process, December 1 | $ | 8,430 | $ | 9,428 |
| Cost added to production in the Mixing | ||||
| Department during December | $ | 226,800 | $ | 284,532 |
| Equivalent units of production for December | 10,200 | 9,700 | ||
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)
|
Homework Answers
Answer #1
The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.
Not the answer you're looking for?
Similar Questions
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s...
Holling Inc. uses the weighted-average method in its process
costing. The following data concern the company’s Mixing Department
for the month of December.
Materials
Conversion
Work in process, December 1
$
8,730
$
9,728
Cost added to production in the Mixing
Department during December
$
227,100
$
284,832
Equivalent units of production for December
10,500
10,000
Required:
Compute the cost per equivalent unit for materials and
conversion for the Mixing Department in December. (Round
your answers to 2 decimal places.)...
Jeoffroy Inc. uses the weighted-average method in its process costing. The following data concern the company's...
Jeoffroy Inc. uses the weighted-average method in its process
costing. The following data concern the company's Assembly
Department for the month of November.
Materials
Conversion
Work in process, November 1
$
15,600
$
6,100
Cost added to production in the assembly
department during November
$
183,470
$
167,576
Equivalent units of production for November
7,880
7,060
Required:
Compute the costs per equivalent unit for the Assembly
Department for November. (Round...
Process costing system. Bakel Inc. uses the weighted-average method in its process costing system. The following...
Process costing system.
Bakel Inc. uses the weighted-average method in its process
costing system. The following data concern the operations of the
company’s first processing department for a recent month.
Work in process, beginning:
Units in process............300
Stage of completion with respect to materials..........60%
Stage of completion with respect to conversion...........60%
Cost in the beginning inventory:
Materials cost ...........$1,314
Conversion cost ..........$ 6,102
Units started into production during the month .........
22,000
Units completed and transferred out........21,800
Costs added to...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October:
Percent Completed
Units
Materials
Conversion
Work in process, October 1
45,000
90
%
60
%
Work in process, October 31
30,000
66
%
55
%
The department started 393,000 units into production during the
month and transferred 408,000 completed units to the next
department.
Required:
Compute the equivalent units of production for October.
Materials
Conversion
Equivalent units of...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October:
Percent Completed
Units
Materials
Conversion
Work in process, October 1
54,000
95
%
60
%
Work in process, October 31
29,000
66
%
50
%
The department started 388,000 units into production during the
month and transferred 413,000 completed units to the next
department.
Required:
Compute the equivalent units of production for October.
Materials:
Conversion:
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October:
Percent Completed
Units
Materials
Conversion
Work in process, October 1
48,000
95
%
65
%
Work in process, October 31
40,000
69
%
50
%
The department started 399,000 units into production during the
month and transferred 407,000 completed units to the next
department.
Required:
Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October:
Percent Completed
Units
Materials
Conversion
Work in process,
October 1
46,000
90
%
55
%
Work in process, October 31
40,000
74
%
51
%
The department started 399,000 units into production during the
month and transferred 405,000 completed units to the next
department.
Required:
Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October: Percent Completed Units Materials
Conversion Work in process, October 1 55,000 90 % 55 % Work in
process, October 31 38,000 72 % 50 % The department started 394,000
units into production during the month and transferred 411,000
completed units to the next department. Required: Compute the
equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October:
Percent Completed
Units
Materials
Conversion
Work in process, October 1
51,000
95
%
65
%
Work in process, October 31
27,000
71
%
49
%
The department started 383,000 units into production during the
month and transferred 407,000 completed units to the next
department.
Required:
Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October: Percent Completed Units Materials
Conversion Work in process, October 1 47,000 90 % 60 % Work in
process, October 31 36,000 72 % 52 % The department started 395,000
units into production during the month and transferred 406,000
completed units to the next department.
Required: Compute the equivalent units of production for
October.
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 5 minutes ago
asked 5 minutes ago
asked 40 minutes ago
asked 43 minutes ago
asked 48 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago