Question

Dan Company manufactures a product that goes through two processing departments. Information relating to the activity...

Dan Company manufactures a product that goes through two processing departments. Information relating to the activity in the first department during May is given below:
Units Materials Conversion
Work in process, May 1:        40,000 90% 70%
Work in process, May 31:        25,000 80% 40%
The department started 120,000 units into production during the month and transferred 135,000 completed units to the next department.
Compute the equivalent units of production for conversion in May for the first department using the FIFO method.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
(TCO B) The Florida Company manufactures a product that goes through three processing departments. Information relating...
(TCO B) The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 160,000 75% 65% Work in process, Jun 30 130,000 65% 45% The department started 650,000 units into production during the month and transferred 680,000 completed units to the next department. Required: Compute the equivalent units of production for the first department for June,...
(TCO B) The Alabama Company manufactures a product that goes through three processing departments. Information relating...
(TCO B) The Alabama Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 75,000 75% 70% Work in process, Jun 30 72,500 65% 45% The department started 237,500 units into production during the month and transferred 240,000 completed units to the next department. Required: Compute the equivalent units of production for the first department for June,...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department   Inventory, May 1 174,720 Completed and transferred to the Mixing Department ?   Materials 465,510   Conversion 217,470   Inventory, May 31 ? The May 1 work in process inventory consisted of 91,000 pounds with...
Brady Products manufactures a silicone paste wax that goes through three processing departments—Cracking, Blending, and Packing....
Brady Products manufactures a silicone paste wax that goes through three processing departments—Cracking, Blending, and Packing. All of the raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for May follows: Work in Process—Cracking Department   Inventory, May 1 (42,000 kilograms,     conversion 4/5 complete) 102,900 Completed and transferred to Blending (   ?    kilograms)      ?        May costs added:      Raw materials (341,000 kilograms) 640,980      Conversion costs 281,787   Inventory, May 31...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 116,640 Completed and transferred to the Mixing Department ? Materials 575,380 Conversion 221,220 Inventory, May 31 ? The May 1 work in process inventory consisted of 81,000 pounds with...
Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion....
Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:   Production data:    Pounds in process, May 1; materials       100% complete; conversion 90% complete 80,000        Pounds started into production during May 450,000        Pounds completed and transferred out ?        Pounds in process, May 31:       materials 60% complete; conversion 40% complete 40,000      Cost data:     Work in process inventory, May 1:...
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials...
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process—Mixing Department June 1 balance 40,000 Completed and transferred to Finished Goods ? Materials 131,680 Direct labor 85,500 Overhead 103,000 June 30 balance ?...
O'Leary Company manufactures Product Z in a two-stage production cycle in Departments A and B. Materials...
O'Leary Company manufactures Product Z in a two-stage production cycle in Departments A and B. Materials are added at the beginning of the process in Department B. O'Leary uses the weighted-average method. Conversion costs for Department B were 40% complete as to the 27,500 units in the beginning work-in-process (WIP) inventory and 50% complete as to the 38,500 units in the ending work-in-process inventory. 55,000 units were completed and transferred out of Department B during October. An analysis of the...
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials...
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process—Mixing Department June 1 balance 27,000 Completed and transferred to Finished Goods ? Materials 151,100 Direct labor 95,500 Overhead 113,000 June 30 balance ?...
Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The...
Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The following data pertains to the Mixing Department for September. Work-in-process Inventory Sept. 1 27,000unitsConversion complete 70%Work-in-process inventory Sept. 30 18,000unitsConversion complete 50%Units started into production in Sept. 80,000 Units completed and transferred out ?unitsCosts Work-in-process inventory Sept.1 Material P$133,000 Material Q 122,000 Conversion 133,000 Costs added in September Material P$199,000 Material Q 183,000 Conversion 392,800 Material P is added at the beginning of work...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT