Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the answer for 4-8 4-9 4-10 LOS, LOU EXERCISE 4-8 Equivalent Units and Cost per Equivalent UnitWeighted Average Muthod [102, Helix Corporation produces
I need the answer for 4-8 4-9 4-10
LOS, LOU EXERCISE 4-8 Equivalent Units and Cost per Equivalent UnitWeighted Average Muthod [102, Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the begin ning of processing in that department. Data for Muy for the first production department follow Percent Completo Units Materials Conversion Work in process inventory, May 1 5,000 100% 40% Work in process inventory, May 31 10.000 100% 30% Materials cost in work in process inventory, May 1 $1,500 Conversion cost in work in process inventory, May 1 $4,000 Units started into production... 180,000 Units transferred to the next production department 175,000 Materials cost added during May $54.000 Conversion cost added during May $352.000 Required 1. Assume that the company uses the weighted average method of accounting for units and costs. Determine the equivalent units for May for the first process 2. Compute the costs per equivalent unit for May for the first process 3. Determine the total cost of ending work in process inventory and the total cost of units tram ferred to the next process in May, EXERCISE 4-9 Equivalent Units and Cost per Equivalent UnitWeighted Average Method |LOR, LOS Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labor Overhead Work in process inventory beginning. 5,000 $4.320 $1,040 51,790 Units started in process 45,000 Units transferred out 42,000 Work in process inventory, ending 8,000 Cost added during the month $52,800 $21.500 552.250 The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and SOS complete with respect to labor and overhead Required: Assume that the company uses the weighted average method of accounting for units and costs. 1. Compute the equivalent units for the month for the first department 2. Determine the costs per equivalent unit for the month EXERCISE 4-10 Equivalent Units-Weighted Average Method |L02 Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involved Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Percent Completed Pounds of Labor and Salmon Materials Overhead Work in process inventory, July 1 20.000 100% 30% Work in process inventory, July 31 25,000 100% 60% A total of 380,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department Required Compute the equivalent units for July for both materials and labor and overhead assuming that the company uses the weighted average method of accounting for units Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started