Case 2: Consider the following data for the Assembly Department of Sink Manufacturing Company:QuantityWork in process, May 1Started in MayCompleted during MayWork in process, May 3180500460120Stage of CompletionMaterialsWIP-Beg.90%40%WIP-End60%30%Conversion CostsCost Data:MaterialsP49,336322,000Conversion CostsWork in process, May 1Cost added during MayP9,104139,200The Assembly Department uses the average method of process costing. What are the equivalentunits of production for direct materials and conversion costs?5. FIFO METHOD -EUP AS TO MATERIALS:6. FIFO METHOD -EUP AS TO CC:

Name: Case 2: Consider the following data for the Assembly Department of Si
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Description: Case 2: Consider the following data for the Assembly Department of Sink Manufacturing Company:QuantityWork in process, May 1Started in MayCompleted during MayWork in process, May 3180500460120Stage of CompletionMaterialsWIP-Beg.90%40%WIP-End60%30%Co

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Case 2: Consider the following data for the Assembly Department of Sink Manufacturing Company: Quantity Work in process, May 1 Started in May Completed during May Work in process, May 31 80 500 460 120 Stage of Completion Materials Conversion Costs WIP-Beg. 90% 40% WIP-End 60% 30% Materials P49,336 322,000 Cost Data: Conversion Costs Work in process, May 1 Cost added during May Р9,104 139,200 The Assembly Department uses the average method of process costing. What are the equivalent units of production for direct materials and conversion costs? 5. FIFO METHOD -EUP AS TO MATERIALS: 6. FIFO METHOD -EUP AS TO C:

Case 2: Consider the following data for the Assembly Department of Sink Manufacturing Company: Quantity Work in process, May 1 Started in May Completed during May Work in process, May 31 80 500 460 120 Stage of Completion Materials Conversion Costs WIP-Beg. 90% 40% WIP-End 60% 30% Materials P49,336 322,000 Cost Data: Conversion Costs Work in process, May 1 Cost added during May Р9,104 139,200 The Assembly Department uses the average method of process costing. What are the equivalent units of production for direct materials and conversion costs? 5. FIFO METHOD -EUP AS TO MATERIALS: 6. FIFO METHOD -EUP AS TO C:

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 3BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...

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Assessment Consider the following data for the Assembly Department of Pink Manufacturing Company: Quantity: Work in Process - May 1 80 Started in May 202A 500 460 120 Completed during May 202A Work in Process - May 31, 202A Stage of Completion: Materials Conversion costs Cost Data Work in Process May 1 90% 40% P Materials 49,336 322,000 Work in Process May 31 60% 30% Conversion Cost P 9,104 139,200 Work in Process - May 1_ Cost added during May The Assembly department uses the average method of process costing. Required: Cost of production report for the month of May.
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1) A company uses process costing and provides the following information for the month of August: Physical Flow in August Cost Data for August Units in Process, Aug. 1 100 Materials Conversion Total Units Started in August 1100 Beg. WIP: $734 $1,547 $2,281 Units Completed in August 1120 Current Period: 12,708 $13,897 $26,605 Units in Process, Aug. 30 80 Total: $13,442 $15,444 $28,886 Units in process at the end of August were 30% complete with respect to materials and conversion costs. How much cost should be assigned to ending work-in-process inventory for the month of August? (Round all intermediate calculations and the final answer to the nearest dollar and cents.)2) A company uses process costing. The following information pertains to the Assembly Department for the month of June: Assembly Department physical inventory for June: 100 units completed and transferred out 20 units in ending work‐in‐process inventory Ending work-in-process inventory is 10% complete with respect to…
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