Managerial Accounting
17th Edition
ISBN: 9781260247787
Author: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Publisher: RENT MCG
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Chapter 4.A, Problem 1E
EXERCISE 4A-1 Computation of Equivalent
Refer to the data for Clones Labs, Inc., in Exercise 4-2.
Required:
Assuming the company uses the FIFO method, compute the equivalent units of production for materials and conversion for October.
Clones Labs, Inc, uses the weighted-average method in its
| Percent Completed | |||
| Units Materials | Conversion | ||
| Work in process, October 1 | 30,000 | 65% | 30% |
| Work in process, October 31 | 15,000 | 80% | 40% |
| The department started 175.000 units into production during the month and transferred 190.000 completed units to the next department. | |||
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Goode Company has the following production data for selected months.
EndingWork in Process
Month
BeginningWork in Process
UnitsTransferred Out
Units
% Complete as toConversion Cost
January
–0–
40,300
10,300
42
%
March
–0–
41,800
9,000
75
July
–0–
48,800
20,700
21
Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.
Materials
Conversion Costs
January
March
July
Case 6-20 Effect of Incorrect Costing across Departments-Weighted-Average Me
LO5]
Tavia Limited manufactures a plastic gasket that is used in automobile engines. The gaskets go through th
Mixing, Forming, and Stamping. The company's accountant (who is very inexperienced) has prepared a su
costs for the Forming Department for October, as follows:
Work in process inventory, October 1 (10,500 units;
materials 100% complete; conversion 7/8 complete)
Costs transferred in from the Mixing Department
Material added during October (added when processing is
50% complete in the Forming Department)
Conversion costs added during October
Total departmental costs
Forming Department costs assigned to:
Units completed and transferred to the Stamping Department (120,000 units at
$3.81451 each)
Work in process inventory, October 31 (5,500 units,
conversion 2/5 complete)
Total departmental costs assigned
$ 45,045*
148,130
Required:
56,880
207,686
$457,741
$457,741
0
$457,741
*Consists of cost transferred…
Equivalent Units of Production—Weighted-Average Method
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:
The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
Chapter 4 Solutions
Managerial Accounting
Ch. 4.A - EXERCISE 4A-1 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-2 Cost per Equivalent Unit-FIFO Method...Ch. 4.A - EXERCISE 4A-3 Assigning Costs to Units-FIFO Method...Ch. 4.A - EXERCISE 4A-4 Cost Reconciliation Report-EIFO...Ch. 4.A - EXERCISE 4A-5 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-6 Equivalent Units of Production-FIFO...Ch. 4.A - EXERCISE 4A-7 Equivalent Units of Production and...Ch. 4.A -
EXERCISE 4A-8 Equivalent Units of Production—FIFO...Ch. 4.A - EXERCISE 4A-9 Equivalent Units; Equivalent Units...Ch. 4.A - PROBLEM 4A-10 Equivalent Units of Production;...
Ch. 4.A - Prob. 11PCh. 4.A - Prob. 12CCh. 4.B - Prob. 1ECh. 4.B - EXERCISE 4B-2 Step-Down Method LO4-11 Madison Park...Ch. 4.B - Prob. 3ECh. 4.B - EXERCISE 4B-4 Direct Method LO4-10 Refer to the...Ch. 4.B - PROBLEM 4B-5 Step-Down Method L04-11 Woodbury...Ch. 4.B - Prob. 6CCh. 4 - Prob. 1QCh. 4 - In what ways are job-order and process costing...Ch. 4 - Why is cost accumulation simpler in a process...Ch. 4 - How many Work in Process accounts are maintained...Ch. 4 - Prob. 5QCh. 4 - Prob. 6QCh. 4 - Prob. 7QCh. 4 - Prob. 8QCh. 4 - Prob. 1AECh. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Prob. 10F15Ch. 4 - Prob. 11F15Ch. 4 - Prob. 12F15Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Prob. 14F15Ch. 4 - Prob. 15F15Ch. 4 - Prob. 1ECh. 4 - Prob. 2ECh. 4 - Prob. 3ECh. 4 - EXERCISE 4-4 Assigning Costs to...Ch. 4 - EXERCISE 4-5 Cost Reconciliation...Ch. 4 - Prob. 6ECh. 4 - Prob. 7ECh. 4 - Prob. 8ECh. 4 -
EXERCISE 4-9 Equivalent Units and Cost per...Ch. 4 - Prob. 10ECh. 4 - Prob. 11ECh. 4 - Prob. 12ECh. 4 - Prob. 13PCh. 4 - Prob. 14PCh. 4 - Prob. 15PCh. 4 - PROBLEM 4-16 Comprehensive...Ch. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Prob. 19CCh. 4 - (
CASE 4-20 Ethics and the Manager, Understanding...
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