Question

Marigold’s Manufacturing has 5800 units in beginning Work in Process, 15% complete as to conversion costs,...

Marigold’s Manufacturing has 5800 units in beginning Work in Process, 15% complete as to conversion costs, 14300 units transferred out to Finished Goods, and 2000 units in ending Work in Process 10% complete as to conversion costs. Materials are fully added at the beginning of the process. How much are equivalent units for conversion costs if the weighted-average method is used?

14970

14500

13630

13230

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Weighted average cost
Beggining units 5800 Transferred out 14,300
Started intro production 10500 Ending units 2,000
Units accounted for 16300 16300
Equivalent units Material Conversion cost
Units transferred                      A 14300 14300
Ending Units 2,000 2,000
Completion 100% 10%
B 2000 200
Total units 16300 14500

So correct answer is B 14500

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
In a process with 860 units of beginning Work in Process, the company completed and transferred...
In a process with 860 units of beginning Work in Process, the company completed and transferred out 11500 units during a period. There were 5300 units in the ending Work in Process that were 60% complete as to conversion costs. Materials are added 70% at the beginning of the process and 20% when the units are 80% complete. How much is equivalent units of production for the period for material costs if the weighted-average method is used? 14950 equivalent units...
Satina Corporation's Department A has the following information: % Completed Costs Beginning work in process: 6,000...
Satina Corporation's Department A has the following information: % Completed Costs Beginning work in process: 6,000 units Direct Materials 100 $ 43,708 Conversion 40 35,550 New Units Started: 28,000 units Direct Materials 112,000 Conversion 88,200 Ending work in process: 2,000 units Direct Materials 100 Conversion 50 Required: Complete the tables below using the weighted-average method Physical Units Weighted Average Equivalent Units Materials Conversion Beginning WIP Units started Total to account for Units Finished Ending WIP Total to account for Total...
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
Please show work: Bixby Carpet Manufacturing Inc. uses a process costing system and calculates per-unit costs...
Please show work: Bixby Carpet Manufacturing Inc. uses a process costing system and calculates per-unit costs using the weighted average method. The following data relates to the first production department (the Weaving Department) of its Rayon carpet brand for the month of November. Beginning Work in Process Inventory: 900 units, 40% complete Ending Work in Process Inventory: 1,200 units, 50% complete Units started: 15,600 units All direct materials are added at the beginning of the process, and conversion costs are...
A.  Mark Goodwin Ltd. has a beginning work in process inventory of 25,000 units, 40 percent complete....
A.  Mark Goodwin Ltd. has a beginning work in process inventory of 25,000 units, 40 percent complete. During the period, 100,000 units were transferred in from a preceding process. The ending work in process inventory was 20,000 units, 80 percent complete. What are the equivalent units for the conversion costs, assuming that the company uses the weighted average method? a. 106,000 b. 115,000 c. 121,000 d. 131,000 B.  Under which of the following conditions will the first-in, first-out method produce the same...
A Company manufactures small boats. Materials are added at the beginning of the process and conversion...
A Company manufactures small boats. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout the process. Data for April follows: Production Data Units Percent Complete Units in process, April 1 1000 60% Units started into production 4000 Units in process, April 30 1500 20% Cost Data Work in process, April 1: Costs added: Materials $25,500 Materials $90,000 Labor 3,000 Labor 12,000 Manufacturing overhead 6,000 Manufacturing overhead 18,900 Required: Using the weighted average method,...
In the month of September, a department had 20,000 units in beginning work in process that...
In the month of September, a department had 20,000 units in beginning work in process that were 50% complete. During September, 100,000 units were transferred into production from another department. At the end of September there were 10,000 units in ending work in process that were 60% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the process in September? In the month...
Sheridan Company has gathered the following information. Units in beginning work in process 20,900 Units started...
Sheridan Company has gathered the following information. Units in beginning work in process 20,900 Units started into production 249,100 Units in ending work in process 26,100 Percent complete in ending work in process:     Conversion costs 60 %     Materials 100 % Costs incurred:     Direct materials $108,000     Direct labor $580,202     Overhead $185,500 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production    Determine the unit costs of production. (Round unit costs to...
Overton Company has gathered the following information. Units in beginning work in process 21,700 Units started...
Overton Company has gathered the following information. Units in beginning work in process 21,700 Units started into production 228,300 Units in ending work in process 24,400 Percent complete in ending work in process:     Conversion costs 60 %     Materials 100 % Costs incurred:     Direct materials $100,000     Direct labor $366,352     Overhead $186,200 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2...
The production department in a process manufacturing system completed 90,000 units of product and transferred them...
The production department in a process manufacturing system completed 90,000 units of product and transferred them to finished goods during a recent period. Of these units, 36,000 were in process at the beginning of the period. The other 54,000 units were started and completed during the period. At period-end, 18,000 units were in process Part 1. Prepare the department’s equivalent units of production with respect to direct materials under each of three separate assumptions using the weighted-average method for process...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT