In procedure costing, a separate occupational in procedure account is retained for each:individual order.equivalent unit.processing department.cost classification (i.e., materials, counter cost).

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Which of the following journal entries would certainly be supplied to record straight labor expenses in a agency having two processing departments (Department A and also Department B)?Work in ProcessXXX Salaries and also Wages Payable XXX Salaries and Wages ExpenseXXX Salaries and also Wages Payable XXX work-related in Process-Department AXXX job-related in Process-Department BXXX Salaries and Wages Payable XXX Salaries and Wages PayableXXX work-related in process XXX
Assume there was no start work in process inventory and also the ending work in process inventory is 70% finish with respect to conversion costs. Under the weighted-average method, the number of equivalent devices of manufacturing with respect come conversion expenses would be:the same as the devices completed.less than the units completed.the same as the units started throughout the period.less than the devices started during the period.
Malcolm company uses a weighted-average process costing system. All materials at Malcolm are included at the beginning of the manufacturing process. The equivalent units for materials at Malcolm would certainly be the sum of:units in finishing work in procedure and the systems started.units in start work in procedure and the devices started.units in finishing work in procedure and the units started and completed.units in start work in procedure and the units started and completed.
When computer the cost per indistinguishable unit, the weighted-average technique of procedure costing considers:costs incurred during the current period only.costs incurred throughout the current period plus cost of ending work in procedure inventory.costs incurred throughout the current duration plus cost of beginning work in process inventory.costs incurred throughout the current period less expense of start work in procedure inventory.
Under the weighted-average method, the price of units transferred out that a department is computed as follows for a expense category:Costs added during the period + cost of beginning work in process inventoryUnits moved to the following department × price per equivalent unitUnits in finishing work in process inventory × price per identical unitCost of finishing work in process inventory − price of start work in process inventory
In the expense reconciliation report under the weighted-average method, the "Total cost accounted for" equals:Cost of beginning work in process inventory + cost of units transferred outCost of start work in procedure inventory + price of units moved inCost of finishing work in process inventory + price of units transferred outCost of finishing work in procedure inventory + Cost added to production during the period
In the cost reconciliation report under the weighted-average method, the "Costs come be accounted for" section contains which that the following items?Cost of start work in procedure inventoryCost of finishing work in procedure inventoryCost the units moved outCost of ending finished items inventory
All of the following statements room correct once referring to procedure costing except:Process costing would be suitable for a jeweler who renders custom jewelry to order.A procedure costing system has actually the same simple purposes as a job-order costing system.Units created are tantamount from every other.Costs are accumulated by department.
A procedure costing device is employed in those instances where:many different products, jobs, or batches of manufacturing are being created each period.where manufacturing entails a single, homogeneous product that flows evenly through the production process on a consistent basis.a organization is carry out such as in a law firm or an bookkeeping firm.full or absorb cost technique is no employed.
where manufacturing requires a single, homogeneous product the flows evenly through the production process on a continuous basis.
Which the the following species of carriers would generally use procedure costing rather than job-order costing?A small appliance fix shop.A manufacturer of advertising passenger aircraft.A specialty devices manufacturer.A breakfast cereal manufacturer.
The Werner Corporation supplies the weighted-average technique in its procedure costing system. The firm recorded 24,400 identical units because that conversion costs for November in a details department. There to be 4,000 units in the finishing work in process inventory ~ above November 30 which were 60% complete with respect to conversion costs. The November 1 work-related in procedure inventory consisted of 5,000 systems which to be 40% finish with respect come conversion costs. A full of 22,000 systems were completed and also transferred the end of the department during the month. The number of units started during November in the department was:22,000 units17,000 units26,000 units21,000 units
21,000 unitsBeginning work-related in process inventory + systems started right into production = finishing work in process inventory + devices completed and transferred outUnits started right into production = finishing work in procedure inventory + units completed and also transferred the end - beginning work in process inventoryUnits started into production = 4,000 + 22,000 - 5,000 = 21,000
Jared Beverage Corporation offers a process costing system to collect prices related come the production of the celery flavored cola. The cola is very first processed in a mixing Department and also is then moved out and also finished increase in the Bottling Department. The finished cases of cola are then transferred to Finished products Inventory. The complying with information relates come the company"s 2 departments for the month of January:Mixing BottlingCases of cola in occupational in process, January 1 10,000 5,000 instances of cola completed/transferred out throughout January 65,000 ? situations of cola in work in process, January 31 4,000 7,000How many situations of cola were completed and also transferred to Finished products Inventory during January?70,00063,00058,00077,000
63,000Units completed and also transferred out = units in beginning work in procedure inventory + units started right into production or moved in - devices in ending work in procedure inventoryUnits completed and also transferred out = 5,000 + 65,000 - 7,000 = 63,000
The Assembly Department started the month through 24,000 units in its start work in procedure inventory. Second 309,000 devices were moved in from the former department throughout the month to begin processing in the Assembly Department. There were 29,000 units in the finishing work in process inventory that the Assembly Department. How numerous units were moved to the next processing department during the month?333,000362,000304,000314,000
304,000Units completed and transferred out = devices in start work in procedure inventory + units started into production or transferred in - systems in ending work in procedure inventoryUnits completed and also transferred the end = 24,000 + 309,000 - 29,000 = 304,000
Jersey Corporation has actually a procedure costing device in i m sorry it uses the weighted-average method. The indistinguishable units for conversion expenses for the month were 47,500 units. The beginning work in process inventory consisted of 15,000 units, 60% complete with respect come conversion costs. The finishing work in process inventory included 10,000 units, 75% finish with respect come conversion costs. The variety of units started throughout the month was:25,000 units34,000 units35,000 units40,000 units
35,000 unitsWeighted-average methodEquivalent systems of production = Units moved to the next department or come finished items + tantamount units in ending work in process inventory47,500 = Units moved to the following department or to finished items + 10,000 × 75%Units transferred to the following department or come finished items = 47,500 − 10,000 × 75% = 40,000Units in start work in procedure inventory + units started right into production or moved in = devices in ending work in procedure inventory + devices completed and transferred out15,000 + units started into production or transferred in = 10,000 + 40,000Units started right into production or moved in = 10,000 + 40,000 - 15,000 = 35,000
Bims Corporation offers the weighted-average method in its process costing system. The Assembly Department started the month through 2,000 units in its beginning work in process inventory that were 70% finish with respect to conversion costs. Second 61,000 devices were transferred in from the front department during the month to begin processing in the Assembly Department. There were 18,000 units in the ending work in procedure inventory that the Assembly Department the were 60% complete with respect come conversion costs.What to be the tantamount units for conversion costs in the Assembly Department because that the month?45,00077,00054,40055,800
55,800Weighted-average methodUnits transferred to the following department = units in start work in process + devices started right into production - systems in finishing work in procedure = 2,000 + 61,000 - 18,000 = 45,000ConversionUnits transferred to the next department 45,000 ending work in process:Conversion: 18,000 units × 60% 10,800 indistinguishable units of production 55,800
Inacio Corporation provides the weighted-average technique in its procedure costing system. Data worrying the very first processing department because that the many recent month are detailed below:Beginning job-related in procedure inventory: devices in start work in procedure inventory 800 products costs$12,900 conversion costs$5,000 Percent complete with respect to materials 75%Percent complete with respect come conversion 20%Units started into production throughout the month 9,500 Units transferred to the following department during the month 8,400 products costs added during the month$172,000 conversion costs added during the month$240,200 ending work in process inventory: systems in finishing work in process inventory 1,900 Percent finish with respect to materials 90%Percent complete with respect to conversion 30%What are the indistinguishable units because that conversion prices for the month in the first processing department?8,4008,97057010,300
8,970Weighted-average methodConversionUnits moved to the following department 8,400 finishing work in process:Conversion: 1,900 systems × 30% 570 tantamount units of production 8,970
Inacio Corporation supplies the weighted-average method in its process costing system. Data concerning the very first processing department because that the most recent month are listed below:Beginning occupational in procedure inventory: units in start work in procedure inventory 800 materials costs$12,900 conversion costs$5,000 Percent complete with respect to products 75%Percent complete with respect come conversion 20%Units started right into production throughout the month 9,500 Units moved to the next department during the month 8,400 materials costs included during the month$172,000 conversion costs added during the month$240,200 ending work in procedure inventory: devices in finishing work in procedure inventory 1,900 Percent complete with respect to materials 90%Percent complete with respect come conversion 30%The cost per indistinguishable unit for materials for the month in the very first processing department is closest to:$17.01$17.95$16.70$18.29
$18.29Weighted-average methodMaterialsUnits transferred to the following department 8,400 finishing work in process:Materials: 1,900 devices × 90% 1,710 indistinguishable units of manufacturing 10,110MaterialsCost of start work in procedure inventory$12,900 Costs included during the duration 172,000 total cost (a)$184,900 tantamount units of manufacturing (b) 10,110 expense per tantamount unit (a) ÷ (b)$18.29
Quality Brick firm produces bricks in two processing departments—Molding and also Firing. Information relating come the company"s operations in in march follows:Raw materials used in production: Molding Department, $23,000; and also Firing Department, $8,000.Direct labor costs incurred: Molding Department, $12,000; and Firing Department, $7,000.Manufacturing overhead was applied: Molding Department, $25,000; and also Firing Department, $37,000.Unfired, molded bricks were moved from the Molding department to the shoot Department. Follow to the company"s process costing system, the price of the unfired, molded bricks was $57,000.Finished bricks were moved from the Firing department to the finished products warehouse. According to the company"s process costing system, the price of the finished bricks to be $103,000.Finished bricks were offered to customers. Follow to the company"s procedure costing system, the expense of the perfect bricks offered was $101,000.Required:Prepare newspaper entries to document items (a) through (f) above. (If no entry is compelled for a transaction/event, pick "No journal entry required" in the first account field.)
a WIPm 23,000 WIPf 8,000 RM 31,000 b WIPm 12,000 WIPf 7,000 wages Pay 19,000 c WIPm 25,000 WIPf 37,000 male Over 62,000 d WIPf 57,000 WIPm 57,000 e perfect G 103,000 WIPf 103,000 f COGS 101,000 finished G 101,000
Clonex Labs, Inc., supplies the weighted-average an approach in its procedure costing system. The following data are available for one department for October:Percent perfect UnitsMaterialsConversionWork in process, October 130,00065%30%Work in process, October 3115,00080%40%The department started 175,000 units into production throughout the month and also transferred 190,000 completed devices to the following department.Required:Compute the tantamount units of manufacturing for October.
materials 202,000conversion 196,000Weighted-Average Method:Equivalent devices of production MaterialsConversionUnits moved out190,000190,000Equivalent units in finishing work in process inventory: 15,000 units × 80%12,000 15,000 systems × 40% 6,000Equivalent units of production202,000 196,000
Superior Micro products uses the weighted-average method in its process costing system. Data because that the Assembly Department for May appear below:MaterialsLaborOverheadWork in process, may 1$18,000$5,500$27,500Cost included during May$238,900$80,300$401,500Equivalent systems of production 35,000 33,000 33,000Required:Compute the expense per equivalent unit because that materials, labor, overhead, and also in total. (Round your answers come 2 decimal places.)
cost per unit materials:7.34 labor:2.60 overhead:13.00 total:22.94Cost of start work in process inventory$18,000$5,500$27,500Cost included during the period 238,900 80,300 401,500Total expense (a)$256,900$85,800$429,000Equivalent systems of production (b) 35,000 33,000 33,000Cost per indistinguishable unit (a) ÷ (b)$7.34$2.60$13.00Materials$7.34Labor 2.60Overhead 13.00Total price per tantamount unit$22.94
Data concerning a recent period"s activity in the prepare Department, the first processing department in a agency that uses process costing, appear below:MaterialsConversionEquivalent systems in finishing work in process inventory 2,000 800 cost per equivalent unit$13.86 $4.43A full of 20,100 devices were completed and transferred come the following processing department throughout the period.Required:1. Compute the cost of ending work in procedure inventory for materials, conversion, and in total.2. Compute the expense of the devices completed and also transferred the end for materials, conversion, and in total.

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cost of finish WIP products 27,720.00 counter 3,544.00 total31,264.00 price of devices out materials278,586.00 conversion89,043.00 complete 367,629.001.MaterialsConversionTotalEnding work in process inventory: indistinguishable units 2,000 800 expense per equivalent unit$13.86 $4.43 price of finishing work in process inventory$27,720 $3,544 $31,2642.MaterialsConversionTotalUnits completed and also transferred out: Units moved to the next department 20,100 20,100 price per equivalent unit$13.86 $4.43 cost of units transferred out$278,586 $89,043 $367,629
Maria am Corporation offers the weighted-average technique in its procedure costing system. The Baking Department is among the processing departments in that is strudel manufacturing facility. In June in the Baking Department, the cost of start work in process inventory was $3,570, the price of finishing work in process inventory was $2,860, and also the cost included to manufacturing was $43,120.Required:Prepare a expense reconciliation report for the Baking Department for June.
costs to be accounted for expense beg WIP 3,570 cost added to prod throughout 43,120 total cost to it is in accounted for 46,690 costs accounted for as follows price end WIP 2,860 cost units compl and also trans 43,830 complete cost accounted for 46,690Cost of start work in process inventory+Costs included to production during the period=Cost of finishing work in process inventory+Cost of units completed and transferred the end $3,570 + $43,120=$2,860+Cost of devices completed and transferred out expense of devices completed and transferred out=$3,570 + $43,120 − $2,860 cost of devices completed and also transferred out=$43,830
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