Entries by mary WAMBUGU

Alpha Company uses the weighted-average process costing method. During the month of March the direct material equivalent unit cost was $10.00

September 6, 2019 in /by

Alpha Company uses the weighted-average process costing method. During the month of March the direct material equivalent unit cost was $10.00 and the conversion cost equivalent unit was $6.00. Alpha completed and transferred $96,000 of production to the finished goods inventory for the month of March. Use this information to determine the number of units […]

 

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Using weighted-average, total cost to account for in a process is $150,000, evenly divided between materials and conversion.

September 6, 2019 in /by

Using weighted-average, total cost to account for in a process is $150,000, evenly divided between materials and conversion.  Conversion consists of 75,000 equivalent units, divided one-fourth to work in process and three-fourths to completed units. Use this information to determine the conversion cost that will remain in the ending balance of the Work in Process.   Looking for […]

 

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October 1, 2017, Alpha Company started a new production operation using the weighted average method of process costing.

September 6, 2019 in /by

October 1, 2017, Alpha Company started a new production operation using the weighted average method of process costing.  During October, 9,000 units were started and 7,000 were transferred to finished goods. The October 31, work in process inventory was 100% completed as to material costs and 50% completed as to conversion costs.  Material costs for the month […]

 

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Alpha Company uses a process cost system. During 2017, Alpha had no beginning work in process inventory.

September 6, 2019 in /by

Alpha Company uses a process cost system.  During 2017, Alpha had no beginning work in process inventory.  During 2017, Alpha started 700 units. Alpha had 200 units in work in process at the end of 2017.  These units were 50% complete with respect to materials. Use this information to determine the equivalent units for direct materials. (Round & […]

 

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