Question

The Lumbar Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production...

The Lumbar Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 140,000 chairs. During the month, the firm completed 180,000 chairs and transferred them to the Finishing Department. The Assembly Department ended the month with 25,000 chairs in process. All direct materials costs are added at the beginning of the production cycle. Conversion costs are incurred uniformly over the production cycle. Weighted-average costing is used by Lumbar. How many of the chairs that were started were also completed during February?

115,000 chairs

155,000 chairs

180,000 chairs

132,000 chairs

None of the answers listed are correct

205,000 chairs

125,000 chairs

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Correct Option A i.e. $115,000 Chairs
Actual Units
Calculation of Physical UNITS:
Units in beginning inventory 65000 (Balancing Figure)
Units started during the period 140000
Units to be accounted for 205000
Actual Units
Units Completed and Transferred 180000
Units in ending inventory 25000
Total accounted for 205000
Total Units Completed 180000
Less: Units in the beginning of inventory -65000
chairs that were started were also completed during February 115000
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
The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production...
The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 145,000 chairs. During the month, the firm completed 175,000 chairs and transferred them to the Finishing Department. The firm ended the month with 18,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are incurred uniformly over the production cycle. How many chairs were in inventory at the beginning of the month?...
Comfort chair company manufacturers a standard recliner. During​ February, the​ firm's Assembly Department started production of...
Comfort chair company manufacturers a standard recliner. During​ February, the​ firm's Assembly Department started production of 73,600 chairs. During the​ month, the firm completed 78,700 ​chairs, and transferred them to the Finishing Department. The firm ended the month with 10,700 chairs in ending inventory. There were 15,800 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing...
Answer the following questions using the information below: The Recliner Company manufacturers a standard massage chair....
Answer the following questions using the information below: The Recliner Company manufacturers a standard massage chair. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used byRecliner. Conversion costs are incurred uniformly over the production cycle....
Use the following information for questions 21-24. The Gomez company manufactures a standard recliner. During February,...
Use the following information for questions 21-24. The Gomez company manufactures a standard recliner. During February, the firm's Assembly Department started production of 275 chairs. During the month, the firm completed 400 chairs, and transferred them to the Finishing Department. The firm ended the month with 100 chairs in ending inventory. There were 225 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production...
The Morgan Models company manufacturers replica plastic airplane and motorized vehicle models. During October, the firm's...
The Morgan Models company manufacturers replica plastic airplane and motorized vehicle models. During October, the firm's Assembly Department started production of 60,000 models. During the month, the firm completed 66,000 models, and transferred them to the Finishing Department. The firm ended the month with 22,000 models in ending inventory. There were 28,000 models in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The...
Ramsha Industries makes rocking chairs. The chairs are assembled in the Assembly Department and stained and...
Ramsha Industries makes rocking chairs. The chairs are assembled in the Assembly Department and stained and sealed in the Finishing Department. Chairs are tested for quality in the Assembly Department before being transferred to Finishing. Normal spoilage (defective chairs) averages 1% of good units in the Assembly Department. Ramsha uses the FIFO cost method of process costing. Activity during February in the Assembly Department: Production activity: Material Conversion Work in process, beginning inventory 1,000 90% 50% Started in February 6,000...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,100 units during...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,100 units during November. The following production activity unit and cost information refers to the assembly department’s November production activities. Assembly Department Units Percent of Direct Materials Percent of Conversion Beginning work in process 3,500 60 % 40 % Units transferred out 10,500 100 % 100 % Ending work in process 5,100 80 % 30 % Beginning work in process inventory—Assembly dept $ 3,359 (consists of $1,902...
Carver Corporation uses the FIFO method in its process costing system. The Assembly Department started the...
Carver Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 2700 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 73,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 9700 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion...
Carver Corporation uses the FIFO method in its process costing system. The Assembly Department started the...
Carver Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 3,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 76,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 10,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion...
Roberts Company manufactures phones in a two-department process that involves Assembly and Finishing. The Assembly Department...
Roberts Company manufactures phones in a two-department process that involves Assembly and Finishing. The Assembly Department reported the follow data for the past month: Direct materials added                             $336,000 Direct labor                                                  460,800 Factory overhead                                        230,400 Total costs to account for                      $1,027,200 Units started                                                   80,000 Units completed and transferred                67,200 Units not complete                                        12,800 Units in beginning inventory                               0 The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT