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Please answer all parts of these questions. 1. Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data
Please answer all parts of these questions.
1.
Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Percent Completed Tons of Direct Salmon Materials Conversion Work-in-process inventory, May 1 1, 240 80% 70% Work-in-Process inventory, May 31 2, 760 50% 30% Started processing during May 7, 150 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of tons completed and transferred out during the month. Units completed and transferred out McElroy, Incorporated produces a single model ofa popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: Direct materials 5 245,?00 Conversion costs 193,450 5 439,150 The assembly department has no beginning WorkinProcess Inventory. During the month, it started 39,000 cell phones, but only 34,000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 5,000 cell phones, but only 50% of the conversion had been completed. The company uses the weightedaverage method of process costing to accumulate product costs. Required: 1. Compute the equivalent units and costs per equivalent unit for March in the assembly department. 2. Compute the cost of units completed and transferred to the testing depa rtment. 3. Compute the cost of the ending WorkinProcess. Complete this question by entering your answers in the labs below. I Required 1 Required 2 Required 3 Compute the equivalent units and costs per equivalent unit for March in the assembly department. (Round "Costs per equivalent unit" to 2 decimal places.) Equivalent units Costs per equivalent unil Required 2 > Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August Norkinprocess inventory, ugust 1 Conversion: ?6% complete 3?,666 units Norkinprocess inventory, August 31 Conversion: 56% complete 36,666 units Units started 63,666 Units completed and transferred out ? Costs 'nlork-in-process inventory, August 1 Material X $ 58,166 Material Y 84,666 Conversion 118,126 Costs added during August Material X 151,566 Material Y 146,466 Conversion 1?7,686 Material X is added at the beginning ofwork in the mixing department. Material Y is also added in the mixing department, but not until units are 60% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weightedaverage cost method. Required: 1. 8i 2. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. 3. Calculate the cost of units transferred out. 4. Calculate the cost of the ending WorkinProcess Inventory. Complete this question by entering your answers in the labs below. Reqlancl2 Req3 Req4 Calculate the equivalent units and costs per equivalent unit of material X, material Y, and oonversion for the mixing department. [Round I'Cost per Equivalent Unit" answers to 2 decimal places.) Required information [The following information applies to the questions displayed below.] The T. L. Lin Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The following data in Chinese currency called yuan (CNY) pertain to the month of October. Work- in-Process Inventory, October 1 40, 900 units Direct materials: 50% complete 55, 160 yuan Conversion: 25% complete 67, 030 yuan Costs incurred during October Direct materials 897, 500 yuan Conversion 967, 120 yuan During October, 200,000 units were completed and transferred out. At the end of the month, 30,000 units (direct materials 60% and conversion 50% complete) remain in Work-in-Process Inventory. Required: Calculate each of the following amounts using weighted-average process costing. 1. Equivalent units of direct materials and conversion. 2. Costs per equivalent unit for direct materials and conversion. 3. Cost of goods completed and transferred out during October. 4. Cost of the Work-in-Process Inventory at October 31. (Round "WTAVG Cost per EU" answers to 2 decimal places.) 1. Equivalent units Direct materials Conversion 2. Costs per equivalent unit: Direct materials CNY Conversion CNY Total CNY 3. Cost of goods completed and transferred out CNY 4 Cost of work-in-process 10/31: Direct materials CNY Conversion CNY Total CNYStep by Step Solution
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