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QUESTION 5 The Townson Manufacturing Company has gathered the following information for the month of September 6,000 units in the beginning Work in Process Inventory
QUESTION 5 The Townson Manufacturing Company has gathered the following information for the month of September 6,000 units in the beginning Work in Process Inventory (75% complete as to materials, 1/3 complete with respect to the conversion costs). 60,000 units were started into production. 50,000 units were completed and transferred to the next department. The ending Work in Process Inventory is complete as to materials but only 3/8 complete with respect to conversion costs. What are the total equivalent units of production (EUPs) of materials in the September beginning inventory? 66000 QUESTION 6 The Townson Manufacturing Company has gathered the following information for the month of September 6,000 units in the beginning Work in Process Inventory (75% complete as to materials, 1/3 complete with respect to the conversion costs). 60,000 units were started into production. 50,000 units were completed and transferred to the next department. The ending Work in Process Inventory is complete as to materials but only 3/8 complete with respect to conversion costs. What are the total equivalent units of production (EUPS) for materials in the month of September? QUESTION 7 The Lakeside Company uses a weighted average process costing system. The following data are available: Beginning inventory 1,000 units (100% complete as to materials and 50% complete as to labor and overhead); Units started in production 19,000; Units finished during the period 16,000; Units in process at the end of the period (100% complete as to materials and 25% complete as to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the weighted average value of materials in ending Work in Process Inventory for the period? Round to the nearest $1.00. QUESTION 8 The Lakeside Company uses a weighted average process costing system. The following data are available: Beginning inventory 1,000 units (100% complete as to materials and 50% complete as to labor and overhead): Units started in production 19,000; Units finished during the period 16,000; Units in process at the end of the period (100% complete as to materials and 25% complete as to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the weighted average cost per EUP of materials for the period? Round to the nearest $.001
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