Question

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.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Number of units completed and transferred out During march = Beginning work in process+fresh Units Added - Ending work in process

= 600+6000-400

Units completed and transferred out in March= 6200 Units

For company's haveing opening/closeing work in progress calculation of cost per unit under equivalent method (lifo/fifo)So Process costing system can easily use and flexible accounting system so company using process costing system.

Job Costing isued for unique product but processing costing is used for indentical and similar products and

Product cost assigned to jobs in job costing in process costing product cost assigned to process or departments

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
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.
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...
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...
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...
CallahanCallahan Company uses the? weighted-average method in its process costing system. The Packaging Department started the...
CallahanCallahan Company uses the? weighted-average method in its process costing system. The Packaging Department started the month with 290290 units in process that were 8080?% ?complete, received 1 comma 4901,490 units from the Finishing? Department, and had 140140 units in process at the end of the period. All materials are added at the beginning of the? process, and conversion costs are incurred uniformly. The units in process at the end of the month are 1010?% complete with respect to conversion...
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...
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?
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...
1) Bethesda Company's April 1, 2019 beginning work in process was 550 units. During April an...
1) Bethesda Company's April 1, 2019 beginning work in process was 550 units. During April an additional 2,300 units were put into production. At the end of April all units were completed except for 525 units. Use this information to determine number of units completed. 2) On March 1, 2019, Baltimore Company's beginning work in process inventory had 9,500 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials...
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