Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department Work

Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:

Drawing Department Winding Department
Work in process, June 1 5,000 units, 20% completed 2,000 units, 70% completed
Completed and transferred to next processing department during June 68,500 units 67,800 units
Work in process, June 30 3,800 units, 80% completed 2,700 units, 30% completed

Production begins in the Drawing Department and finishes in the Winding Department.

Question Content Area

a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0".

Whole Units Direct Materials Equivalent Units Conversion Equivalent Units
Inventory in process, June 1 fill in the blank 7b0e3a07c078030_1 fill in the blank 7b0e3a07c078030_2 fill in the blank 7b0e3a07c078030_3
Started and completed in June fill in the blank 7b0e3a07c078030_4 fill in the blank 7b0e3a07c078030_5 fill in the blank 7b0e3a07c078030_6
Transferred to Winding Department in June fill in the blank 7b0e3a07c078030_7 fill in the blank 7b0e3a07c078030_8 fill in the blank 7b0e3a07c078030_9
Inventory in process, June 30 fill in the blank 7b0e3a07c078030_10 fill in the blank 7b0e3a07c078030_11 fill in the blank 7b0e3a07c078030_12
Total fill in the blank 7b0e3a07c078030_13 fill in the blank 7b0e3a07c078030_14 fill in the blank 7b0e3a07c078030_15

Feedback Area

Feedback

When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in ending work in process inventory with respect to materials and conversion?

Question Content Area

b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Winding Department. If an amount is zero, enter in "0".

Whole Units Direct Materials Equivalent Units Conversion Equivalent Units
Inventory in process, June 1 fill in the blank d351d9fc8fd9fbc_1 fill in the blank d351d9fc8fd9fbc_2 fill in the blank d351d9fc8fd9fbc_3
Started and completed in June fill in the blank d351d9fc8fd9fbc_4 fill in the blank d351d9fc8fd9fbc_5 fill in the blank d351d9fc8fd9fbc_6
Transferred to finished goods in June fill in the blank d351d9fc8fd9fbc_7 fill in the blank d351d9fc8fd9fbc_8 fill in the blank d351d9fc8fd9fbc_9
Inventory in process, June 30 fill in the blank d351d9fc8fd9fbc_10 fill in the blank d351d9fc8fd9fbc_11 fill in the blank d351d9fc8fd9fbc_12
Total fill in the blank d351d9fc8fd9fbc_13 fill in the blank d351d9fc8fd9fbc_14 fill in the blank d351d9fc8fd9fbc_15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Managers Financial Accounting

Authors: Morusu Sivasankar

1st Edition

6200624909, 978-6200624901

More Books

Students also viewed these Accounting questions

Question

3. How has e-commerce transformed marketing?

Answered: 1 week ago