{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T02:12:41-04:00", "answer_date": "2024-06-29 02:12:41", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4446390", "url": "\/study-help\/questions\/current-attempt-in-progress-concord-paints-makes-various-interior-and-4446390", "question_creation_date_js": "2024-06-29T02:12:41-04:00", "question_creation_date": "Jun 29, 2024 02:12 AM", "meta_title": "[Solved] Current Attempt in Progress Concord Paint | SolutionInn", "meta_description": "Answer of - Current Attempt in Progress Concord Paints makes various interior and exterior paints for its customers, but its curre | SolutionInn", "meta_keywords": "current,attempt,progress,concord,paints,makes,various,interior,exterior,customers,focus,top-sel", "question_title_h1": "Current Attempt in Progress Concord Paints makes various interior and exterior paints for its customers, but its current focus is on its top-sel ling interior", "question_title": "Current Attempt in Progress Concord Paints makes various interior and exterior paints", "question_title_for_js_snippet": "Current Attempt in Progress Concord Paints makes various interior and exterior paints for its customers, but its current focus is on its top sel ling interior brand Concord produces the paint in its mixing department and then transfers the paint to the canning department The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process One unit is one gallon of paint Units Transferred In DM Conversion Costs Units in beginning WI P Inventory 1 500 Beginning WIP Inventory degree of completion 100 100 60 Costs in beginning WI P Inventory $11,960 $1,840 $1,780 New units started 41,100 Costs added to WI P Inventory this period $365,790 $52,390 $82,280 Units completed 41,800 Units in ending WIP Inventory 800 Ending WIP Inventory degree of completion 100 0 30 a (a) Complete Steps 15 of the template for the canning department of Concord Paints this year using the FIFO method of process costing, clearly labeling the following Round cost per equivalent unltanswers to 2decimal places 2 3 15 25 ) I Equivalent units of production for all three cost categories transferrediin, DM, and conversion costs I The cost per equivalent unit for all three cost categories transferred in DM, and conversion costs II The total cost of units completed and the total cost of units in ending WIP Inventory Transferred in DM Conversion Cost Total equivalent units of work done Cost per equivalent unit $ $ $ Total cost of units completed $ Cost of units in ending WIP Inventory $", "question_description": "
\"image\"image<\/div><\/div><\/div><\/figure> Current Attempt in Progress Concord Paints makes various interior and exterior paints for its customers, but its current focus is on its top-sel ling interior brand. Concord produces the paint in its mixing department and then transfers the paint to the canning department. The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process. One unit is one gallon of paint. Units Transferred-In DM Conversion Costs Units in beginning WI P Inventory 1.500 Beginning WIP Inventory degree of completion 100% 100% 60% Costs in beginning WI P Inventory $11,960 $1,840 $1,780 New units started 41,100 Costs added to WI P Inventory this period $365,790 $52,390 $82,280 Units completed 41,800 Units in ending WIP Inventory 800 Ending WIP Inventory degree of completion 100% 0% 30% {a} (a) Complete Steps 15 of the template for the canning department of Concord Paints this year using the FIFO method of process costing, clearly labeling the following. {Round cost per equivalent unltanswers to 2decimal places. 2.3. 15.25.) I Equivalent units of production for all three cost categories: transferrediin, DM, and conversion costs. I The cost per equivalent unit for all three cost categories: transferred-in. DM, and conversion costs. II The total cost of units completed and the total cost of units in ending WIP Inventory. Transferred-in DM Conversion Cost Total equivalent units of work done Cost per equivalent unit $ $ $ Total cost of units completed $ Cost of units in ending WIP Inventory $", "transcribed_text": "", "related_book": { "title": "Principles Of Finance", "isbn": "979-8439388899", "edition": "1st Edition", "authors": "Julie Dahlquist, Rainford Knight", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6290aa2348f9a_11251.jpg", "uri": "\/textbooks\/principles-of-finance-1st-edition-9798439388899", "see_more_uri": "" }, "free_related_book": { "isbn": "0521360463", "uri": "\/textbooks\/analogue-electronic-circuits-and-systems-1st-edition-9780521360463", "name": "Analogue Electronic Circuits And Systems", "edition": "1st Edition" }, "question_posted": "2024-06-29 02:12:41", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/one-means-of-enriching-uranium-is-by-diffusion-of-the", "description": "One means of enriching uranium is by diffusion of the gas UF6. 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