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Help Save & Exit Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production
Help Save & Exit Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Respect to Units Conversion Beginning work in process inventory 5, 200 70% Transferred in from the prior department during January 59, 100 Completed and transferred to the next department during January 56, 900 Ending work in process inventory 7, 400 40% The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,658 and a total of $559,354 in conversion costs were incurred in the department dung January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: Multiple ChoiceRaider Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Respect to Units Conversion Beginning work in process inventory 7, 700 10% Transferred in from the prior department during January 64, 000 Completed and transferred to the next department during January 63, 800 Ending work in process inventory 7, 900 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Multiple Choiceamination Saved Help Save & Exit In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing department to be coated with sealant. Arona uses a weighted-average process cost system to collect costs in both departments. All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 30 canoes in process that were 20% complete with respect to conversion cost. On July 31, Fabrication had 20 canoes in process that were 40% complete with respect to conversion cost. During July, the Fabrication Department completed 70 canoes and transferred them to the Waterproofing Department. What are the Fabrication Department's equivalent units of production related to conversion costs for July?Accabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September. Percent Complete Units Materials Conversion 2:42 Work in process, September 1 800 55% 10% Units started into production during September 8, 200 Units completed during September and transferred to the next department 7, 300 Work in process, September 30 1, 700 75% 25% Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the veighted-average method.Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 74,000 direct labor-hours, total fixed manufacturing overhead cost of $74,000, and a variable manufacturing overhead rate of $3.10 per direct labor-hour. Recently Job X387 was completed and required 210 direct labor-hours. Required: Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.) Overhead applied to Job X387
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