compute the good unit alone The following data, in physical units, describe a grinding process for June: Spoiled Units 12,000 Good Units Completed & Transferred Out 128,000 Work-in-Process, Ending 24.700 Total Units Accounted For 164,700 Inspection occurs at the 100 % completion stage. Normal spoilage is 4% of the good units passing inspection.
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- The following data were taken from the records of Winner Company for the month of October:Work in process, October 1 10,000 unitsStarted during October 40,000 unitsCompleted and transferred to next department 33,000 unitsAbnormal spoilage incurred 2,000 unitsWork in process, October 31 15,000 unitsMaterials are added after quality control inspection at the end of the process. As to conversion cost, the beginning work in process was 70% complete while the ending work in process is 40% complete.Using the FIFO method, the equivalent units of production for materials was:Using the weighted average method, the equivalent units of production for conversion was:The following data were taken from the records of Winner Company for the month of October:Work in process, October 1 10,000 unitsStarted during October 40,000 unitsCompleted and transferred to next department 33,000 unitsAbnormal spoilage incurred 2,000 unitsWork in process, October 31 15,000 unitsMaterials are added after quality control inspection at the end of the process. As to conversion cost, the beginning work in process was 70% complete while the ending work in process is 40% complete.Using the weighted average method, the equivalent units of production for conversion was?The following data were taken from the records of Winner Company for the month of October:Work in process, October 1 10,000 unitsStarted during October 40,000 unitsCompleted and transferred to next department 33,000 unitsAbnormal spoilage incurred 2,000 unitsWork in process, October 31 15,000 unitsMaterials are added after quality control inspection at the end of the process. As to conversion cost, the beginning work in process was 70% complete while the ending work in process is 40% complete. Question: Using (a) the FIFO method, and using (b) the weighted average method, the equivalent units of production for conversion was:
- Watkins Company had the following production for the month: Units Work-in-process, beginning 6,000 Started during the month 24,000 Completed and transferred to finished goods 18,000 Spoilage incurred 3,000 Work-in-process, ending 9,000 Materials are added at the beginning of the process. As to conversion cost, work-in-process was 20% complete at the beginning and 70% complete at the end of the month. Spoilage is detected at the end of the process. 1. Using the weighted-average method, the equivalent units for the month, with respect to conversion cost, were: 2. Assume that the spoilage for the month included abnormal spoilage of 1,000 units, and that the total costs incurred to date for materials and conversion costs are $30,000 and $54,600, respectively. What is the amount…A firm uses a process costing st=ystem and inspects its goods at the end of manufacturing.the inspection as of june 30 revealed the following information for the month of june: Good units completed 24000 normal spoilage(units) 65 abnormal spoilage(units) 2000 units cost were materials $12.00 and conversion cost $9.50. the number of units that the firm would transfer its finished goods inventory and the realted cost of these units are: a) number of units? b) Cost?ABC Company has the following information for the current month: Units started 175,000 WIP beginning(65% to be done) 35,000 Total spoilage 14,875 Spoilage within tolerance level 6,125 WIP ending (20% incomplete) 25,375 Transferred out ? Beginning work in process costs: Material 46,250 Conversion 60,675 Current Costs: Material 170,625 Conversion 265,335 All materials are added at the start of the production process. ABC Corporation inspects goods at 100% completion as to conversion. Using the method…
- Cebu Company adds materials at the beginning of the process in Department 1. Data concerning the materials used in November 2021 production are as follows: Units WIP, March 1 Started during March Completed and transferred to next department during March Normal spoilage incurred WIP, March 31 16,000 34,000 36,000 4,000 10,000 1. The equivalent units for the materials unit cost calculation using FIFO is 2. The equivalent units for the materials unit cost calculation using weighted average isPlease show your computations using good accounting form through excel. Thank you! Problem: Normal Loss Materials are added at the start of the process in Department B. Units received from Department A cost P11.10 and in Department B, unit costs are P1 for materials and P1.22 for conversion cost. Quantity Data include: In process, July 1 at 8,000 units, 3/4 done; Received from Dept. A is 50,000 units; In process, July 31 is 10,000 units, 1/5 done. Normal loss at the end is 3,000 units. Estimated recovery from spoiled units is P3,000. What should be the accumulated cost of the July 31 work in process?Hawk Ltd. uses process costing in its Fabricating Department During December the records revealed the following; Beginning Work in Process(40% complete the process) 12,000 units Units started. 87,000 Good Units completed.... 89,000 Ending Work in Process(70% complete the process) 3,000 Spoiled Units. --.-.... 7,000 Beginning Work in Process- Direct Materials $36,800 Conversion Costs. 28,600 Direct Materials added during the month 280,000 Conversion costs added during the month 599.240 Direct materials are placed into production at the beginning of the process.
- Using FIFO, compute for the total cost transferred to finished goods if the losses were discovered at the end of process and were considered abnormal. Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50 % materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete Started in process 3,000.00 4,000.00 33,000.00 Completed and transferred Wip, end 40% to complete 30,000.00 25,000.00 5,000.00 6,000.00 Using average costing, compute for the ending balance of work in process that will be included in the statement of financial position if the losses were discovered at the end of process and were considered abnormal. Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY…Using FIFO, compute for the total cost transferred to finished goods if the losses were discovered at the end of process and were considered abnormal. Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete 3,000.00 4,000.00 Started in process 33,000.00 Completed and transferred 30,000.00 25,000.00 Wip, end 40% to complete 5,000.00 6,000.00M&M had the following production data for the month of July 2021: Work in process, beginning- 2,000 units Started during the period- 90,000 units Spoiled units- 8,000 units Work in Process, ending- 6,000 units Materials are added at the beginning of the process. As to conversion cost, the beginning WIP was 80% incomplete and ending Work In process was 70% completed. Spoilage is detected at the end of the process. What is the equivalent of units for July 2021 for conversion cost?