DriveTrain, Incorporated instituted a new process in October 2023. During October, 10,800 units were started in Department A. Of the units started, 8,200 were transferred to Department B, and 2,600 remained in Work-in-Process at October 31, 2023. The Work-in-Process at October 31, 2023, was 100% complete as to material costs and 50% complete as to conversion costs. Material costs of $29,160 and conversion costs of $38,000 were charged to Department A in October. What were the total costs transferred to Department B assuming Department A uses weighted-average process costing?

DriveTrain, Incorporated instituted a new process in October 2023. During October, 10,800 units were started in Department A. Of the units started, 8,200 were transferred to Department B, and 2,600 remained in Work-in-Process at October 31, 2023. The Work-in-Process at October 31, 2023, was 100% complete as to material costs and 50% complete as to conversion costs. Material costs of $29,160 and conversion costs of $38,000 were charged to Department A in October. What were the total costs transferred to Department B assuming Department A uses weighted-average process costing?

Name: DriveTrain, Incorporated instituted a new process in October 2023. Dur
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: DriveTrain, Incorporated instituted a new process in October 2023. During October, 10,800 units were started in Department A. Of the units started, 8,200 were transferred to Department B, and 2,600 remained in Work-in-Process at October 31, 2023. The

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....

See similar textbooks

Similar questions

Tuxedo Company has several processing departments. Costs charged to the AssemblyDepartment for October 2019 totaled $1,298,400 as follows. Work in process, October 1 Materials $29,000Conversion costs 16,500 $ 45,500 Materials added 1,006,000Labor 138,900Overhead 108,000 Production records show that 25,000 units were in beginning work in process 40% completeas to conversion cost, 435,000 units were started into production, and 35,000 units were inending work in process 40% complete as to conversion costs. Materials are entered at thebeginning of each process. Instructions:a) Determine the equivalent units of production and the unit production costs for theAssembly Department.b) Determine the assignment of costs to goods transferred out and in process.c) Prepare a…
The sanding department of Blossom Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 10,200 units completed and transferred out; 4,280 units in ending work in process are 100% complete in terms of materials and 25% complete in terms of conversion costs. Manufacturing costs: materials $47,784; labour $40,100; overhead $34,282. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 15.25.)
A textile mill completes their production in four process, spinning, dyeing, weaving and finishing. Direct materials are added last, then conversion costs are added incrementally throughout. The information below relates to the dyeing process for October 2022. Beginning work in process 25,000 units - Degree of completion; Transferred in costs 100%, Direct material 0% and Conversion costs 80%. During October 2022, 1,00,000 were transferred in and 105,000 units were completed and transferred out. Ending work in progress xxxx units - Degree of completion; Transferred in costs 100%, Direct material 0% and Conversion costs 40%. Required: Determine equivalent units using a) weighted average method and b) FIFO method.
Valor Company instituted a new process in October. During this month, 20,000 units were started in Department A. Of the units started, 2,000 were lost in the process which was considered normal. 14,000 units were transferred to Department B and 4,000 remained in WIP on October 31. The WIP on October 31 was 100% complete as to material costs and 50% complete as to conversion costs. Material costs of P 54,000 and conversion costs of P 80,000 was charged to Department A in October. What were the total costs transferred to Department B?
Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,268,894 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $78,800 48,800 $127,600 1,581,280 225,000 335,014 Production records show that 35,400 units were in beginning work in process 30% complete as to conversion costs, 656,300 units were started into production, and 25,400 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.
Whilewells Ltd had at the beginning of 2019 a work in progress of 5,000 units. During 2019, 65,000 additional units were started into production. Ending work in progress on 31st December, 2019, was 12,000 units. The beginning work in progress was 100% complete as to direct materials and 50% complete as to conversion costs. The ending work in progress was 100% complete as to direct materials and 80% complete as to conversion costs. Total direct materials put into work in progress cost £77,500. Total conversion costs put into process costs were £105,375. Beginning work in progress cost £33,500, of which £20,250 was for materials and £13,250 for conversion. All materials are added at the start of the production process, and conversion costs are incurred uniformly throughout manufacturing. Whilewells Ltd uses a weighted-average process cost system. What is the total cost assigned to Whilewells Ltd’s ending work in progress inventory at the end of 2019? a. £33,619 b. £33,100…
Whilewells Ltd had at the beginning of 2019 a work in progress of 5,000 units. During 2019, 65,000 additional units were started into production. Ending work in progress on 31st December, 2019, was 12,000 units. The beginning work in progress was 100% complete as to direct materials and 50% complete as to conversion costs. The ending work in progress was 100% complete as to direct materials and 80% complete as to conversion costs. Total direct materials put into work in progress cost £77,500. Total conversion costs put into process costs were £105,375. Beginning work in progress cost £33,500, of which £20,250 was for materials and £13,250 for conversion. All materials are added at the start of the production process, and conversion costs are incurred uniformly throughout manufacturing. Whilewells Ltd uses a weighted-average process cost system. The cost per equivalent unit for direct materials costs and the cost per equivalent unit for conversion costs for 2019 were?
The cost of direct materials transferred into the Rolling Department of Kraus Company is $3,087,000. The conversion cost for the period in the Rolling Department is $124,600. The total equivalent units for direct materials and conversion are 4,200 tons and 890 tons, respectively. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the direct materials and conversion costs per equivalent unit. Round your answers to the nearest dollar. Direct materials cost per equivalent unit: $fill in the blank 2 per ton Conversion cost per equivalent unit: $fill in the blank 3 per ton
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation.Production: 6,020 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs.Manufacturing costs: Materials $29,315; labor $20,600; overhead $31,367.Prepare a production cost report.
For the month of January 2022, PBB Company reported the following production data for Finishing Department. The company is in the first year of operation and uses WAM.Transferred in   75,000Transferred out to Finished Goods 59,250In process, end (1/3 converted)   15,750All raw materials are added in the 1st Department while packaging materials are added at the end of the process in this department. Cost data for the Finishing Department this period are as follows:Transferred in unit cost   P12.70Direct materials unit costs per EUP P8.50Labor costs, this department   P41,280Applied overhead, 120% of labor costsThe total costs to account in the Finishing Department amounted to:
For the month of January 2022, PBB Company reported the following production data for Finishing Department. The company is in the first year of operation and uses WAM.Transferred in   75,000Transferred out to Finished Goods 59,250In process, end (1/3 converted)   15,750All raw materials are added in the 1st Department while packaging materials are added at the end of the process in this department. Cost data for the Finishing Department this period are as follows:Transferred in unit cost   P12.70Direct materials unit costs per EUP P8.50Labor costs, this department   P41,280Applied overhead, 120% of labor costs Question: If FIFO Method is used, the costs of goods manufactured amounted to:
For the month of January 2022, PBB Company reported the following production data for Finishing Department. The company is in the first year of operation and uses WAM.Transferred in   75,000Transferred out to Finished Goods 59,250In process, end (1/3 converted)   15,750All raw materials are added in the 1st Department while packaging materials are added at the end of the process in this department. Cost data for the Finishing Department this period are as follows:Transferred in unit cost   P12.70Direct materials unit costs per EUP P8.50Labor costs, this department   P41,280Applied overhead, 120% of labor costs1.) The total costs to account in the Finishing Department amounted to: 2.) If FIFO Method is used, the costs of goods manufactured amounted to: