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Please provide solutions to the following problems. Please attach spreadsheet. *Exercise 16-11 (Part Level Submission) The Polishing Department of Harbin Company has the following production

Please provide solutions to the following problems. Please attach spreadsheet.

image text in transcribed *Exercise 16-11 (Part Level Submission) The Polishing Department of Harbin Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,800 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 37,000; ending inventory of 6,300 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,650 of materials and $45,590 of conversion costs; materials costs added in Polishing during the month, $184,990; labor and overhead applied in Polishing during the month, $126,950 and $258,150, respectively. *(a) Compute the equivalent units of production for materials and conversion costs for the month of September. The equivalent units of production Materials Conversion Costs Attempts: 0 of 3 used *(b) The parts of this question must be completed in order. This part will be available when you complete the part above. *(c) The parts of this question must be completed in order. This part will be available when you complete the part above. Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. *Exercise 16-3 The ledger of Custer Company has the following work in process account. Work in ProcessPainting 5/1 Balance 3,730 5/31 Labor 3,830 5/31 5/31 5/31 Materials Overhead Balance 6,210 5/31 Transferred out ? 1,350 ? Production records show that there were 480 units in the beginning inventory, 30% complete, 1,580 units started, and 1,540 units transferred out. The beginning work in process had materials cost of $2,920 and conversion costs of $1,650. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. (a) How many units are in process at May 31? Work in process, May 31 units (b) What is the unit materials cost for May? (Round unit cost to 3 decimal places, e.g. 2.257.) The unit materials cost for May $ (c) What is the unit conversion cost for May? (Round unit cost to 3 decimal places, e.g. 2.257.) The unit conversion cost for May $ (a) What is the total cost of units transferred out in May? (Round answer to 0 decimal places, e.g. 1,225.) The total cost of units transferred out in May $ (b) What is the cost of the May 31 inventory? (Round answer to 0 decimal places, e.g. 1,225.) Work in process $ Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. Question Attempts: 0 of 3 used *Exercise 16-4 Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,420, Work in ProcessCutting $3,590, work in ProcessAssembly $11,600, and Finished Goods $32,160. During July, the following transactions occurred. 1. Purchased $62,960 of raw materials on account. 3. Incurred $71,480 of manufacturing overhead; $42,970 was paid and the remainder is unpaid. 2. 4. 5. 6. 7. 8. 9. Incurred $61,710 of factory labor. (Credit Wages Payable.) Requisitioned materials for Cutting $16,450 and Assembly $9,470. Used factory labor for Cutting $34,070 and Assembly $27,640. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1,720 and Assembly 1,760. Transferred goods costing $68,790 from the Cutting Department to the Assembly Department. Transferred goods costing $135,250 from Assembly to Finished Goods. Sold goods costing $152,300 for $201,920 on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3. 4. 5. 6. Debit Credit 7. 8. 9. (To record the cost of goods sold.) (To record the sale.) Question Attempts: 0 of 3 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. *Exercise 16-6 The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Costs Transferred out 12,800 units. Beginning work in process complete as to conversion Labor Started 4,700 units that are 60% costs and 100% complete as to materials at July 31. $0 Materials 59,500 Manufacturing overhead 19,790 14,574 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. (a) Determine the equivalent units of production for (1) materials and (2) conversion costs. Total equivalent units of production Materials Conversion Costs (b) Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials $ Conversion costs $ Prepare a cost reconciliation schedule. Cost Reconciliation Costs accounted for Transferred out $ Work in process, July 31 Materials Conversion costs Total costs $ $ Question Attempts: 0 of 3 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. Exercise 16-3 A) Work in process, May 31 520 Units B) The Unit Material Cost for May $ 3.930 C) The Unit Conversion Cost for May $ 2.486 a) The total cost of units transferred out in May $ 9,881 b) Work in process $ 2,561 Exercise 16-4 No 1 Account Titles and Explanations Raw Material Inventory Accounts Payable Debit $ 62,960 2 Factory Labor Wages payable $ 61,710 3 Manufacturing Overhead Bank Accounts payable $ 71,480 4 Work in process - Cutting Work in process - Assembly Raw Material $ $ 16,450 9,470 5 Work in process - Cutting Work in process - Assembly Factory labor $ $ 34,070 27,640 6 Work in process - Cutting Work in process - Assembly Manufacturing Overhead $ $ 34,400 35,200 7 Work in process - Assembly Work in process - Cutting $ 68,790 8 Finished Goods inventory Work in process - Assembly $ 135,250 9 Cost of goods sold Finished Goods inventory (To Record the cost of goods sold) Accounts receivable Sales (To record the sale) $ 152,300 $ 201,920 Credit $ 62,960 $ 61,710 $ $ 42,970 28,510 $ 25,920 $ 61,710 $ 69,600 $ 68,790 $ 135,250 $ 152,300 $ 201,920 Exercise 16-6 Material A) Total Equivalent units of production 17,500 B) Compute Unit cost Materials Conversion Cost Cost Reconciliation Cost accounted for Transferred Out Work in process, July 31 Materials Conversion Costs Total Costs $ $ 3.40 2.20 $ $ 15,980.00 6,204.00 Conversion Cost 15,620 $ 71,680.00 $ $ 22,184.00 93,864.00 Exercise 16-11 Material A) Total Equivalent units of production 37,000 Conversion Cost 31,330

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