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I attached a word document files that have the 5 questions that i need help with so would you please help me with that ?
I attached a word document files that have the 5 questions that i need help with so would you please help me with that ? thanks
Question NUmber 1 Missouri Corporation shows the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 60,100 units. Transferred out, 50,000 units. Ending inventory, 19,400 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: (a) Compute the equivalent units for materials using the weighted-average method. Equivalent Unites: (b) Compute the equivalent units for conversion costs using the weighted-average method. Equivalent Unites: Question number 2: Missouri Corporation shows the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete). Started this month, 60,000 units. Transferred out, 50,300 units. Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 17 percent complete). Required: (a) Compute the equivalent units for materials using FIFO. Equivalent Unites: (b) Compute the equivalent units for conversion costs using FIFO. Equivalent Unites: Question Number 3 Assume that El Paso Corporation provides you with the following information for one of its department's operations for September (no new material is added in Department B): WIP inventoryDepartment B Beginning inventory (8,200 units, 20% complete with respect to Department B costs) Transferred-in costs (from Department A) $ 35,830 Department B conversion costs 8,930 Current work (18,900 units started) Prior department costs 88,830 Department B costs 167,020 The ending inventory has 3,200 units, which are 50 percent complete with respect to Department B costs and 100 percent complete for prior department costs. Required: Use a production cost report using FIFO. (Round your amounts to the nearest whole unit/dollar except for "cost per equivalent unit" which should be rounded to two decimal places.) Physical Units Equivalent Units Prior Department Department B Flow of units: Units to be accounted for: Beginning WIP inventory Units started this period Total units to account for Units accounted for: Completed and transferred out From beginning WIP inventory Prior department Department B Started and completed currently Units in ending WIP inventory Prior department Department B Total units accounted for 0 Total Prior department Department B Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department Department B Costs accounted for: Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Prior department Department B Current costs of units started and completed: Prior department Department B Total costs transferred out Cost of ending WIP inventory Prior department Department B Total costs accounted for $0 $0 $0 $0 $0 $0 $0 $0 $0 Question Number 4 Douglas Toys is a manufacturer that uses FIFO costing method to account for costs of production. It produces a plastic toy in three separate departments: Molding, Assembling, and Finishing. The following information was obtained for the Assembling Department for the month of September. Work in process on September 1 had 107,000 units made up of the following: Amount Prior department costs transferred in from the Molding Department Costs added by the Assembling Department $ 145,520 Degree of Completion 100% Direct materials Direct labor Manufacturing overhead $ $ 151,481 $ Work in process, September 1 96,300 36,169 19,012 100% 70% 50% 297,001 During September, 507,000 units were transferred in from the Molding Department at a cost of $689,520. The Assembling Department added the following costs: Direct materials $ Direct labor Manufacturing overhead Total costs added 437,670 164,241 74,808 $ 676,719 Assembling finished 407,000 units and transferred them to the Finishing Department. At September 30, 207,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at September 30 was as follows: Direct materials Direct labor Manufacturing overhead 90% 80 30 Required: (a) Prepare a production cost report using FIFO. (Round your answer to 2 decimal places.) DOUGLAS TOYS Assembling Department Production Cost ReportFIFO Flow of Production Units COMPUTE EQUIVALENT UNITS Prior Department Costs Physical Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for Materials Manufacturing Overhead Labor 0 0 0 0 0 0 Costs DETAILS Total Costs Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted Cost per equivalent unit: Prior department costs Materials Labor Manufacturing overhead $0 Prior Department Materials Costs $0 $0 Labor $0 Manufacturing Overhead $0 DETAILS Prior Manufacturing Total Costs Department Materials Labor Overhead Costs Costs accounted for: Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed: Prior department costs Materials Labor Manufacturing overhead Total costs of units started and completed Total costs of units transferred out Costs assigned to ending WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory $0 $0 $0 $0 Total costs accounted for $0 $0 $0 $0 $0 Question Number 5 Washington, Inc., makes three models of motorized carts for vacation resorts, X-10, X-20, and X-40. Washington manufactures the carts in two assembly departments: Department A and Department B. All three models are processed initially in Department A, where all material is assembled. The X-10 model is then transferred to finished goods. After processing in Department A, the X-20 and X-40 models are transferred to Department B for final assembly, and then transferred to finished goods. There were no beginning work-in-process inventories on April 1. Data for April are shown in the following table. Ending work in process is 20 percent complete in Department A and 60 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. Total Units started Units completed in Department A Units completed in Department B Materials Conversion costs: Department A Department B Total $ 274,800 41,600 $ 316,400 X-40 300 250 180 230 390,750 X-20 330 440 $ X-10 470 165 $35,250 $115,500 $ 240,00 0 conversion costs Required: (a) What is the unit cost of each model transferred to finished goods in April? (Do not round intermediate calculations. Round final answers to the nearest dollar amounts and units.) (b) What is the balance of work-in-process inventory on April 30 for Department A? Department B? (Do not round intermediate calculations. Round final answers to the nearest dollar amounts and units.) Department A Department B Balance of work-in-process ending inventoryStep by Step Solution
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