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 DepartmentWinding DepartmentWork in process,

Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing DepartmentWinding DepartmentWork in process, June 17,900 units, 50% completed2,800 units, 60% completedCompleted and transferred to next processing department during June108,200 units107,200 unitsWork in process, June 306,000 units, 70% completed3,800 units, 10% completedProduction begins in the Drawing Department and finishes in the Winding Department.Question Content Areaa. 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".Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor JuneWhole UnitsDirect Materials Equivalent UnitsConversion Equivalent UnitsInventory in process, June 1fill in the blank ea9dde059ff2056_1fill in the blank ea9dde059ff2056_2fill in the blank ea9dde059ff2056_3Started and completed in Junefill in the blank ea9dde059ff2056_4fill in the blank ea9dde059ff2056_5fill in the blank ea9dde059ff2056_6Transferred to Winding Department in Junefill in the blank ea9dde059ff2056_7fill in the blank ea9dde059ff2056_8fill in the blank ea9dde059ff2056_9Inventory in process, June 30fill in the blank ea9dde059ff2056_10fill in the blank ea9dde059ff2056_11fill in the blank ea9dde059ff2056_12Totalfill in the blank ea9dde059ff2056_13fill in the blank ea9dde059ff2056_14fill in the blank ea9dde059ff2056_15Question Content Areab. 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".Winding DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor JuneWhole UnitsDirect MaterialsEquivalent UnitsConversion Equivalent UnitsInventory in process, June 1fill in the blank 5a319202bfe1056_1fill in the blank 5a319202bfe1056_2fill in the blank 5a319202bfe1056_3Started and completed in Junefill in the blank 5a319202bfe1056_4fill in the blank 5a319202bfe1056_5fill in the blank 5a319202bfe1056_6Transferred to finished goods in Junefill in the blank 5a319202bfe1056_7fill in the blank 5a319202bfe1056_8fill in the blank 5a319202bfe1056_9Inventory in process, June 30fill in the blank 5a319202bfe1056_10fill in the blank 5a319202bfe1056_11fill in the blank 5a319202bfe1056_12Totalfill in the blank 5a319202bfe1056_13fill in the blank 5a319202bfe1056_14fill in the blank 5a319202bfe1056_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_2

Step: 3

blur-text-image_3

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 And Financial Management For Construction Project Managers

Authors: Len Holm

1st Edition

1138550655, 978-1138550650

More Books

Students also viewed these Accounting questions

Question

Aware of differences in the role of employees unions.

Answered: 1 week ago