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

image text in transcribed

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 8,800 units, 30% completed 3.800 units, 70% completed Completed and transferred to next 120,600 units 119,200 units processing department during June Work in proces, Tune 30 6,700 units, 45% completed 5,200 units, 30% completed Production begins in the Drawing Department and finishes in the Winding Department. 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 "o", Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Whole Units Direct Materials Conversion Equivalent Units Equivalent Units Inventory in process, Dune 1 R800 6160 Started and completed in June 111,800 111,800 111,800 Transferred to Winding Department in June 120.000 111 00 Inventory in process, June 30 6.700 6.200 3.015 Total 12/300 118.500 Freshark Chuck 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 ? > 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 "o". Winding Department Direct Materials and Conversion Equivalent units of Production For June Direct Materials whole Units Conversion Fquivalent Units Equivalent Units Inventory in process, June 1 3.800 0 Started and completed in June 115,400 115,400 115,400 Transferred to finished goods in June 119,200 Inventory in process, June 30 5,200 5.200 Total Feedback Chuck My W 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

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

Cost Accounting

Authors: James A. Cashin, Ralph S. Polimeni, Sheila Handy

3rd Edition

0070110263, 9780070110267

More Books

Students also viewed these Accounting questions

Question

Explain the principles of delegation

Answered: 1 week ago

Question

State the importance of motivation

Answered: 1 week ago

Question

Discuss the various steps involved in the process of planning

Answered: 1 week ago

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago

Question

What are the main differences between rigid and flexible pavements?

Answered: 1 week ago