QUESTION 2 XYZ Co., had 3,000 units of work in process on April 1 that were 60% complete. During April, 10,000 units were completed and as of April 30, 4,000 units that were 40% complete remained in production. How many units were started during April? 8,600. 9,800. 11,000. 12,200. None of these

QUESTION 2 XYZ Co., had 3,000 units of work in process on April 1 that were 60% complete. During April, 10,000 units were completed and as of April 30, 4,000 units that were 40% complete remained in production. How many units were started during April? 8,600. 9,800. 11,000. 12,200. None of these

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Description: Please don't provide answer in image format thank you QUESTION 2XYZ Co., had 3,000 units of work in process on April 1 that were 60% complete. During April, 10,000 units were completed and as of April 30, 4,000 units that were 40%complete remained in

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 4E: Norwood Co. had 200 units in work in process at the beginning of the month. During the month, 7,500...

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Norwood Co. had 200 units in work in process at the beginning of the month. During the month, 7,500 units were started in production, 6,800 of which, along with the beginning work in process, were completed by the end of the month. The uncompleted units were in ending inventory, one-half complete. What were the equivalent units of production for the month?
During the month of May, the grinding department produced and transferred out 2,300 units. EWIP had 500 units, 40% complete. There was no BWIP. The equivalent units of output for May are a. 2,000. b. 2,500. c. 2,300. d. 2,800. e. None of these.
AAA Appliances Inc. has two production departments. The nature of the process is such that no units remain in process in Finishing at the end of the period. At the beginning of the period, 10,000 units with a cost of 30,000 were transferred from Assembly to Finishing. Finishing incurred costs of 8,800 for materials, 7,200 for labor, and 8,800 for factory overhead, and finished 10,000 units during the month. a. Determine the unit cost for the month in Finishing. b. Determine the unit cost of the products transferred to finished goods.
AAA Appliances Inc. has two production departments. The nature of the process is such that no units remain in process in Finishing at the end of the period. At the beginning of the period, 10,000 units with a cost of 30,000 were transferred from Assembly to Finishing. Finishing incurred costs of 8,800 for materials, 7,200 for labor, and 8,800 for factory overhead, and finished 10,000 units during the month. Using the data in E5-9, prepare a statement of cost of goods manufactured for the month ended January 31, 2016, assuming that no further work was done in Assembly during January.
Comacho Chemical Co. recorded costs for the month of 18,900 for materials, 44,100 for labor, and 26,250 for factory overhead. There was no beginning work in process, 8,000 units were finished, and 3,000 units were in process at the end of the period, two-thirds completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
Bratton Corporation had 6,500 units of work in process on April 1. During April, 19,100 units were completed and as of April 30, 5,100 units remained in production. How many units were started during April? • None of the answers is correct. 11,600. 17,700. • 30,700. • 20,500
The cost of materials put into production in a department during the month totaled P188,400. By the end of the month, these materials had been used for 32,000 units, of which 29,000 were completed and transferred out and 3,000 were in process. 80% of materials were added to the units in process. What is the equivalent unit of production for materials? a. 31,400 b. 32,000 c. 29,600 d. 31,000 What is the cost per equivalent unit for materials? a. P5.89 b. P6.00 c. P6.36 d. P6.50
Leonardo Limited had 8,000 units of work in process on December 1. During December, 26,000 units were started and as of December 31, 7,500 units remained in ending work in process. How many units were completed during December? Question 5 options: 1) 16,100. 2) 26,500. 3) 27,100. 4) 42,800.
True or False. If 10,000 units that were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 were 20% completed at November 30, the number of equivalent units of production for November was 90,000. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
8. Ninety-five thousand units were started into production during the month. The production report shows 110,000 units to be accounted for. The number of units transferred were equal to 6 times the number of units in the beginning work in process inventory. The ending units in work in process were?
15. Ninety thousand units were started into production during the month. The production report shows 100,000 units to be accounted for. The number of units transferred were equal to 8 times the number of units in the beginning work in process inventory. Which of the following statements is true? A. 80,000 units were transferred and 15,000 were still in process B. the beginning and ending units were 10,000 and 20,000, respectively C. the beginning and ending units were 10,000 and 12,000, respectively D. 80,000 units were transferred and 10,000 units were still in process E. The number of units transferred was 100,000
2. In the month of January, 2,000 units were introduced into process 1. The norma loss was expected to be 5% on inputs. At the end of the month, 1,400 units had been produced and transferred to the next process. 460 units were uncompleted and 140 units had been scrapped. It was established that uncompleted units hac reached a stage in production as follows: Material 75% Labour 50% Overheads 50% The cost of 2000 units was GH¢7, 240.00 Direct wages amounted to GH¢3,340.00 Production overhead incurred was GH¢1,670.00 Units scrapped realized GH¢1.00 each The units scrapped have passed through the process, so were 100% completed as regards materials, labour and overheads. You are required to prepare: Statement of Equivalent Units ii. i. Statement of Cost ii. The process 1 account and the abnormal loss/gains account iv. Scrap a/c