Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for lune of the current fiscal year are as follows: Drawing

image text in transcribed
image text in transcribed
Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for lune of the current fiscal year are as follows: Drawing Department Winding Department Work in process, June 1 10,000 units, 38% completed 4,000 units, 35% completed Completed and transferred to next processing department during June 60,000 units 60,500 units Work in process, June 30 11,500 units, 70% completed 3,500 units, 60% completed Production begins in the Drawing Department and finishes in the Winding Department 1. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for Juna for the Drawing Department. If an amount is zero, enter in "O" Drawing Department Direct Materials and conversion Equivalent Units of Production For June Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 Total 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 Sune for the Winding Department. If an amount is zero, enter in Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 Total 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 lune for the Winding Department. If an amount is zero, enter in "O". Winding Department Direct Materials and conversion Equivalent Units of Production For June Whole Units Direct Materials Conversion Equivalent Units Equivalent Units Inventory in process, June 1 Started and completed in June Transferred to finished goods in June Inventory in process, June 30 Total

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

Students also viewed these Accounting questions