Question

Abdurahman Company started 6,000 units during the month of March. 600 units were in the beginning...

Abdurahman Company started 6,000 units during the month of March. 600 units were in the beginning work in process inventory and 400 units in the ending work in process inventory. Compute the number of Units completed and transferred out during March?

Abdurahman Compagny is using process costing method. Discuss why the company is using process costing and discuss the difference between process costing and job costing.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Units completed and transferred out = Units started + beginning wip inventory - Ending wip inventory

=6000+600-400

=6,200 units

The company is using process costing as the products it produces may be identical and processed through multiple processes.

Process costing : Process costing is useful when the units are produced in high quantity and all the units are identical and similar

Job costing : Job costing is used for tracking the costs of each unique "job"

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Q 1     Process Costing          Abdurahman Company started 6,000 units during the month of March. 600 units...
Q 1     Process Costing          Abdurahman Company started 6,000 units during the month of March. 600 units were in the beginning work in process inventory and 400 units in the ending work in process inventory. Compute the number of Units completed and transferred out during March?                   Abdurahman Compagny is using process costing method. Discuss why the company is using process costing and discuss the difference between process costing and job costing.
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no beginning work in process, units started and completed 25,000, and ending work in process 6,000 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $6 and unit conversion cost is $15, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total...
If 6,500 units were in beginning inventory, 23,000 units were started, and 6,000 units were in...
If 6,500 units were in beginning inventory, 23,000 units were started, and 6,000 units were in the ending inventory, how many units were transferred out? Multiple Choice 22,500 units 23,500 units 35,500 units 23,000 units
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All...
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 40% complete with respect to conversion. For the month of March the following costs were...
Jones Company uses the FIFO method in its process costing system. The beginning work in process...
Jones Company uses the FIFO method in its process costing system. The beginning work in process inventory in a particular department consisted of 6,000 units, two-thirds complete with respect to conversion costs. During the month, 42,000 units were started and 40,000 units were completed and transferred out of the department. The company had 40,000 equivalent units for conversion costs. 1. Find the number of units in ending inventory in the department. 2. Find the percent completion of the units calculated...
A company started the month with 1,100 units in work in process inventory. It started 9,350...
A company started the month with 1,100 units in work in process inventory. It started 9,350 units and had an ending inventory of 4,950. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period?
Johnson Company uses a job-order costing system and started the month of March with three jobs...
Johnson Company uses a job-order costing system and started the month of March with three jobs in process. The cost of beginning work in process plus the costs added during March are shown below: Job #1 Job #2 Job #3 beginning work in process ..... $4,930 $4,970 $2,840 COSTS ADDED DURING MARCH: direct materials .............. $3,400 $4,200 $4,600 direct labor .................. $5,000 $4,000 ? Johnson applies overhead to jobs based on a percentage of direct materials used. During March, Johnson...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period $133,400 $81,400 Using the weighted average method for process costing what are the conversion equivalent units? 95,000 equivalent units 98,000 equivalent units 104,000 equivalent units 110,000 equivalent units
Dept. 1 started the month with no work in process. During the month, 10,000 units were...
Dept. 1 started the month with no work in process. During the month, 10,000 units were started and 8,000 units were completed and transferred to Dept. 2. The ending work in process units in Dept. 1 are 100% complete as to materials and 70% complete as to conversion costs. Equivalent units of production for Dept. 1 using weighted-average costing equals ______. a. 10,000 units for materials and 7,000 units for conversion costs b. 10,000 units for materials and 8,000 units...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 15,500 units. At the end of the month there were 11,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 50% complete with respect to conversion. For the month of March the following costs were...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT