managerial accounting

! Required information The following information applies to the questions displayed below! A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period of these units, 24,000 were in process at the beginning of the period. The other 56,000 units were started and completed during the period. At period-end, 16,000 units were in process Prepare the production departments, equivalent units of production for direct materials under each of three separate assumptions using the weighted average method for process costing Equivalent units of Production (EUP-Weighted Average Method 1. As direct materials are added to products when processing begins. Unit Materiale EUP-Materiale Units started this poned 24 000 24000 Units started this period 30.000 Total 00.000 2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs. Unit Materials EUP-Material Total 3. Beginning inventory is 60% complete as to materials and 40% completo as to conversion costs Ending Inventory is 30% complete as to materials and 60% complete as to conversion costa Unite Materials EUP-Materials Total Required information The following information applies to the questions displayed below) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,300 consisted of $44.800 of direct materials costs and $15,300 of conversion costs During the month, the forming department started 300,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 80% complete as to materials and 30% complete as to conversion Units completed in the forming department are transferred to the painting department Cost information for the forming department follows. Beginning work in process inventory Direct materials added during the month Conversion added during the month 60,100 1,231,200 096,700 1. Calculate the equivalent units of production for the forming department 2. Calculate the costs per equivalent unit of production for the forming department 3. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department Direct Materials Conversion Required 2 > [The following information applies to the questions displayed below) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Direct quivalent Units of Production Materials Conversion Units transferred out 32,000 EUP 32,000 EUR Onits of ending work in process 2.500 EUP 1.500 EUR Equivalent units of production 34,500 RUP 33,500 EUR Coata per EUP Coats of beginning work in process Coats incurred this period Total costa Direct Materials $ 18,550 357,500 $376,050 Conversion $2,280 188,670 $ 190,950 Units in beginning work in process (all completed during July) Units started this period Unita completed and transferred out Units in ending work in process 2,000 32,500 32,000 2,500 Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Coats Charged to Production Total costs to account for Total costs accounted for Difference due to rounding costunit Unit Reconciliation Units to account for Total units to account for Required information Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP). Weighted Average Method Units Materials EUP. Materials Conversion EUP. Conversion Equivalent units of production Gost per EUP Materials Conversion Costs EUP Costs EUP EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production Coul Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Cost per EUP Total cost ! Required information The following information applies to the questions displayed below) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Direct Iquivalent Unite of Production Materials conversion Units transferred out 32,000 RUP 32,000 EUR Units of ending work in process 2,500 HUP 1,500 RUP Equivalent units of production 34,500 EUR 33,500 EUP Coats per EUR Costs of beginning work in process Costs incurred this period Total coats Direct Materials $ 10,550 357,500 $376,050 Conversion $ 2,200 100, 670 $190,950 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in progess 2,000 32,500 32.000 2,500 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Total costs to account for Total costs accounted for Difference due to rounding costunit Unit reconciliation Required information Total accounted for Tenten UFO Unte Materials EUR, Maria Conversion EUP.Conversion Total Conven Costs Cost EUP EUP EUP Cost per EUP Total cost l costs Equivalent unit of production Cooper CUP rounded to 2 decima) Om and reconciliation Cost transferred out Cost of beginning work in process Cost to complete beginning work in process Die material Conversion Total cost to complete beginning work in process Cost of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Cost of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost EUP Cost per EUP Total cost ! Required information The following information applies to the questions displayed below! A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period of these units, 24,000 were in process at the beginning of the period. The other 56,000 units were started and completed during the period. At period-end, 16,000 units were in process Prepare the production departments, equivalent units of production for direct materials under each of three separate assumptions using the weighted average method for process costing Equivalent units of Production (EUP-Weighted Average Method 1. As direct materials are added to products when processing begins. Unit Materiale EUP-Materiale Units started this poned 24 000 24000 Units started this period 30.000 Total 00.000 2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs. Unit Materials EUP-Material Total 3. Beginning inventory is 60% complete as to materials and 40% completo as to conversion costs Ending Inventory is 30% complete as to materials and 60% complete as to conversion costa Unite Materials EUP-Materials Total Required information The following information applies to the questions displayed below) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,300 consisted of $44.800 of direct materials costs and $15,300 of conversion costs During the month, the forming department started 300,000 units. At the end of the month, the forming department had 30,000 units in ending inventory, 80% complete as to materials and 30% complete as to conversion Units completed in the forming department are transferred to the painting department Cost information for the forming department follows. Beginning work in process inventory Direct materials added during the month Conversion added during the month 60,100 1,231,200 096,700 1. Calculate the equivalent units of production for the forming department 2. Calculate the costs per equivalent unit of production for the forming department 3. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department Direct Materials Conversion Required 2 > [The following information applies to the questions displayed below) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Direct quivalent Units of Production Materials Conversion Units transferred out 32,000 EUP 32,000 EUR Onits of ending work in process 2.500 EUP 1.500 EUR Equivalent units of production 34,500 RUP 33,500 EUR Coata per EUP Coats of beginning work in process Coats incurred this period Total costa Direct Materials $ 18,550 357,500 $376,050 Conversion $2,280 188,670 $ 190,950 Units in beginning work in process (all completed during July) Units started this period Unita completed and transferred out Units in ending work in process 2,000 32,500 32,000 2,500 Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Coats Charged to Production Total costs to account for Total costs accounted for Difference due to rounding costunit Unit Reconciliation Units to account for Total units to account for Required information Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP). Weighted Average Method Units Materials EUP. Materials Conversion EUP. Conversion Equivalent units of production Gost per EUP Materials Conversion Costs EUP Costs EUP EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production Coul Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Cost per EUP Total cost ! Required information The following information applies to the questions displayed below) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Direct Iquivalent Unite of Production Materials conversion Units transferred out 32,000 RUP 32,000 EUR Units of ending work in process 2,500 HUP 1,500 RUP Equivalent units of production 34,500 EUR 33,500 EUP Coats per EUR Costs of beginning work in process Costs incurred this period Total coats Direct Materials $ 10,550 357,500 $376,050 Conversion $ 2,200 100, 670 $190,950 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in progess 2,000 32,500 32.000 2,500 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Total costs to account for Total costs accounted for Difference due to rounding costunit Unit reconciliation Required information Total accounted for Tenten UFO Unte Materials EUR, Maria Conversion EUP.Conversion Total Conven Costs Cost EUP EUP EUP Cost per EUP Total cost l costs Equivalent unit of production Cooper CUP rounded to 2 decima) Om and reconciliation Cost transferred out Cost of beginning work in process Cost to complete beginning work in process Die material Conversion Total cost to complete beginning work in process Cost of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Cost of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost EUP Cost per EUP Total cost