Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Times New... v 11 BIU X X A Parag'doh Styles Dictate 1 Department K had 2,000 units, 55% completed with respect to work-in-process at the

image text in transcribed
Times New... v 11 BIU X X A Parag'doh Styles Dictate 1 Department K had 2,000 units, 55% completed with respect to work-in-process at the beginning of the period, 15,000 units were completed during the period. All materials were added at the beginning of process. 1,200 units were 80% completed at the end of the period. Required: (a) Using the first-in-first-out method, determine the equivalent units of production for materials and conversion cost. (b) Using the weighted average process cost method, determine the equivalent units of production for materials and conversion cost. 2. Department L had 2,500 units in work-in-process at the beginning with 45% conversion and 100% materials completed. 15,000 units were started and completed during the period. 1,200 units were 40% completed at the end of the period. All materials were added at the beginning of process. Required: a) Using the first-in-first-out method, determine the equivalent units of production for materials and conversion cost. b) Using the weighted average process cost method, determine the equivalent units of production for materials and conversion cost. I Department M had 4,000 units in beginning work in process, which was 40% Conversion cost and 60% material completed. 20,000 units were added this period. 14,000 units were completed and transferred during the period and work in process at the end of the period was 40% conversion cost and 35% material completed. 3. Required: (c) Using the first-in-first-out method, determine the equivalent units of production for material and conversion cost. (d) Using the weighted average process cost method, determine the equivalent units of production for material and conversion cost. Department N had 5,000 units in beginning work in process, which was 40% Conversion cost and 60% materials completed. 25.000 units were added this period. 13,000 units were in the work in process at the end of the period and were 30% conversion cost and 40% material completed. Required: (e) Using the first-in-first-out method, determine the equivalent units of production for material and conversion cost 1215 words Focus 8 Page 1 of 6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

QS 9000 Handbook A Guide To Registration And Audit

Authors: Jayanta Bandyopadhyay

1st Edition

157444011X, 978-1574440119

More Books

Students also viewed these Accounting questions