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1. Ex Company produces a single product. Material A is added atthe start of the production process and packaging material B isadded at the end of the process. Conversion costs are incurreduniformly throughout the process. Production data for 2007 was asfollows:

Beginning work-in-process inventory (60% complete in conversion) 1,000 units

Units started 17,000 units

Unitscompleted ?

Ending work-in-process inventory (50% complete in conversion) 2,000 units

Using a first-in, first-out (FIFO) process costing system, theequivalent units in 2007 are

Material A

Material B

Conversion

a.

18,000

16,000

16,800

b.

16,000

16,000

16,400

c.

16,000

16,000

16,000

d.

17,000

16,000

16,400

e. None of the above

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Answer the following 2 questions using the informationbelow:

The Townsend Tractor Company manufactures small garden tractorson a highly automated assembly line. Its costing system uses twocost categories, direct materials and conversion costs. Eachtractor must pass through the Assembly Department and the TestingDepartment. Direct materials are added at the beginning of theproduction process. Conversion costs are allocated evenlythroughout production. Townsend Tractor uses weighted-averagecosting.

Data for the Assembly Department for April 2008 are:

Work in process, beginning inventory:

400 units

===Direct materials (100% complete)

===Conversion costs (40% complete)

Units started during April

1,200 units

Work in process, ending inventory:

250 units

===Direct materials (100% complete)

===Conversion costs (80% complete

Costs for April 2008:

Work in process, beginning inventory:

===Direct materials

$100,000

===Conversion costs

$300,000

Direct materials costs added during April

$700,000

Conversion costs added during April

$1,250,000

2. What amount of direct materials costs are assigned to theending Work-in-Process account for April?

3. What amount of direct materials cost are assigned to thetransferred out units for April?

SHOW YOUR CALCULATIONS

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Beverley Smith
Beverley SmithLv2
28 Sep 2019

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Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost​ categories, direct materials, and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weightedβˆ’average costing.

Data for the Assembly Department for June 2017 are​:      

Work in​ process, beginning inventory 380 units           
Direct materials​ (100% complete)           
Conversion costs ​(60​% ​complete)      
Units started during June 950 units      
Work in​ process, ending​ inventory: 150 units           
Direct materials​ (100% complete)           
Conversion costs ​(80​% ​complete)

Costs for June 2017​:      
Work in​ process, beginning​ inventory:           
Direct materials $91,000           
Conversion costs $137,500      
Direct materials cost added during June $604,000      
Conversion costs added during June $401,000

What are the equivalent units for direct materials and conversion​ costs, respectively, for​ June? (Round final answers to the nearest​ unit.)

Please only answer if you're 100% on the answer and can fully complete. Thank you.

USE FIRST-IN, FIRST-OUT COSTING

Sulu Company produces its finished product in two processing departments--Assembly and Packaging.

The following information is available for the month of July:

Assembly Department:

The beginning work-in-process inventory was $5,755 ($4,815 direct materials and $940 conversion costs) and consisted of 350 units that were 10% complete as to conversion costs.

During July, an additional 4,500 units were started into production.

A total of 4,650 units were completed and transferred out to the Packaging Department.

The ending work-in-process inventory consisted of 200 units which were 35% complete as to conversion costs.

The following costs were incurred during July: direct materials $73,800; direct labor $86,300; and overhead $40,195.

Direct materials are added at the beginning of the process in the Assembly Department and conversion costs are incurred evenly throughout the production process.

Packaging Department:

The beginning work in process inventory was $29,631 ($18,606 transferred-in costs and $11,025 conversion costs) and consisted of 450 units that were 70% complete as to conversion costs.

During July, a total of 4,800 units were completed and transferred out to Finished Goods Inventory.

The ending work in process inventory consisted of 300 units which were 60% complete as to conversion costs.

The following costs were incurred during July: direct materials $132,480; direct labor $60,000; and overhead costs $105,141.

Direct materials are added at the end of the process in the Packaging Department and conversion costs are incurred evenly throughout the production process.

REQUIRED:

A. Prepare a production report for July for the Assembly Department.

B. Give the general journal entry to record the transfer of the completed units from the Assembly Department to the Packaging Department for July.

C. Prepare a production report for July for the Packaging Department.

Darver Inc. uses the FIFO method in its process costing system.The following data concern the operations of the company's firstprocessing department for a recent month.

Work in process, beginning:

Units in process....................... 100

Percent complete with respect to material............... 80%

Percent complete with respect to conversion .......... 60%

Costs in the beginning inventory:

Materialscost....................... $376

Conversion cost................... $2376

Units started into production during the month.........21000

Units completed and transferred out............. 20400

Costs added to production during the month:

Materials cost ................. $93,645

Conversion cost ............ $825,531

Work in process, during

Units in process ............ 700

Percent complete with respect to materials ................70%

Percent complete with respect to conversion .............50%

Using the FIFO method:

a. Determine the equivalent units of production for materialsand conversion costs.

b. Determine the cost per equivalent unit for materials andconcersion costs.

c. Determine the cost of ending work in process inventory.

d. Determine the cost of units transferred out of the departmentduring the month.

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