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c Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-inprocess in December follows:
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Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-inprocess in December follows: - Beginning inventory, 48,000 partially complete units, 10 percent complete with respect to conversion costs. - Units started in December, 109,000 units. - Units transferred out in December, 105,000 units. - Ending inventory, 52,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion costs for December using the FIFO method. Patton Dyes manutactures colorings, primarily for textiles, Information on the work in process follows: - Beginning inventory, 125,000 partially complete liters. - Ending inventory, 95.000 itters; units are 25 percent complete with respect to materials ond 60 percent complete with respect to comersion costs. - Started this month, 692,000 iters. Requited: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for comersion costs using the weighted-average method. Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows: - Beginning inventory, 165,000 partially complete liters. - Ending inventory, 135,000 liters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs. - Started this month, 700,000 liters. Assume that beginiing inventory is 20 percent complete with respect to materials and 40 percent complete with respect to conversion costs. Required: a. Compute the equivalent units for materials using FiFO. b. Compute the equivalent units for conversion costs using FIFO. Kronk, incorporated provides the following information concerning the work in process ot its piant: - Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 10 percent complete). - Started this month, 66,000 units - Transferred out, 63,000 units - Ending inventory, 31,500 units (moterials are 100 percent complete; conversion costs are 60 percent complete). Requited: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method Required information The following information spplies to the questions displayed below] Arinin Laboratories uses the weighted-average method to account for its work-in-process imventories, The accounting tecords show the following information for February: Quantity information is obtained from the manufacturing records and includes the following: Pequired: a. Compute the equivalent units for the matertais and conversion cost calculations. b. Compute the cost per equivalent unit for difect materials and converslon costs Complete this question by entering your answers in the tabs below, Required information [The following information applies to the questions displayed below.] Annin Laboratories uses the welghted-average method to account for its work-in-process inventories. The accounting records show the following information for February? Quantity information is obtained from the manufacturing records and includes the following: Compute the cost of goods transferred out and the ending inventory for February using the weighted-average method. Note: Do not round intermediate calculations. Greckenridge Corporation manufactures a part in a single production process in Department B. The company reports the following nformation about conversion costs for June: Work-in-process ending inventory was 58 percent complete with respect to conversion costs. Breckenridge uses FlFO for product costing Required: a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. a-3. What was the converslon cost of work-in-process inventory in Department 8 on June 30 ? b. What were the conversion costs per equivalent unit produced last period and this period, respectively? Complete this question by entering your answers in the tabs below. Compute the equivalent units for conversion costs Step by Step Solution
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