also need help finding a,b,c,d,e,f
Exercise 18.2 (Algo) Calculating Equivalent Units (LO18-2, LO18-3) Galaxy Quest produces telescopes in a single processing department. All direct materials used in the production of telescopes are added at the beginning of the process. Conversion costs (labor and overhead) are incurred evenly thereafter, as each unit is assembled, adjusted, and tested. The company uses process costing and has provided the following production information for January and February. The units remaining in work in process at the end of January were approximately 70 percent complete with respect to their conversion costs. During the month of February, all of the beginning work in process units were completed and the units remaining in work in process at the end of the month were approximately 75 percent complete with respect to their conversion costs. a. For the month of January. caiculate the equivalent units of input resources used for direct materials and conversion. b. For the month of February, calculate the equivalent units of input resources used for direct materials and conversion. Corner Suites began making high-quality office furniture in January. The company's executive desks are produced in two departments: Cutting and Finishing. Component kits are produced in the Cutting Department and then transferred to the Finishing Department for trimming and assembly. During its first month of operations, the Cutting Department started 18,000 executive desk kits. January direct materials costs in the Cutting Department totaled $936 , 000 , and conversion costs totaled $662 , 400 . Ending inventory on January 31 consisted of 6,000 partially processed component kits. These units were 100 percent complete with respect to direct materials, but only 30 percent complete with respect to conversion. Assume that on January 31 the Finishing Department of Corner Suites had 5.000 partially trimmed and assembled executive desks in ending inventory. These units were, of course, 100 percent complete with respect to components transferred in from the Cutting Department, but only 80 percent complete with respect to direct trim materials, and 75 percent complete with respect to conversion. During January, the Finishing Department incurred direct materials costs (for trim) of $220 , 000 , and conversion costs of $322 , 500 . a. Compute how many units were started in the Finishing Department during January. b. Compute the number of executive desks transferred out of the Finishing Department in January. c. Compute the equivalent units of input resources for the Finishing Department in January. d. Compute the cost per equivalent unit of input resource for the Finishing Department in January. e. Prepare the summary journal entry required to transfer the cost of executive desks from the Finishing Department's Work in Process Inventory to the company's Finished Goods Inventory in January. f. Compute the total cost assigned to the Finishing Department'.
Beyond the EU: DORA and NIS 2 Directive's Global Impact
also need help finding a-b-c-d-e-f Exercise 18-2 (Algo) Calculating.docx
1. also need help finding a,b,c,d,e,f
Exercise 18.2 (Algo) Calculating Equivalent Units (LO18-2, LO18-3) Galaxy Quest produces
telescopes in a single processing department. All direct materials used in the production of
telescopes are added at the beginning of the process. Conversion costs (labor and overhead) are
incurred evenly thereafter, as each unit is assembled, adjusted, and tested. The company uses
process costing and has provided the following production information for January and February.
The units remaining in work in process at the end of January were approximately 70 percent
complete with respect to their conversion costs. During the month of February, all of the
beginning work in process units were completed and the units remaining in work in process at
the end of the month were approximately 75 percent complete with respect to their conversion
costs. a. For the month of January. caiculate the equivalent units of input resources used for
direct materials and conversion. b. For the month of February, calculate the equivalent units of
input resources used for direct materials and conversion. Corner Suites began making high-
quality office furniture in January. The company's executive desks are produced in two
departments: Cutting and Finishing. Component kits are produced in the Cutting Department and
then transferred to the Finishing Department for trimming and assembly. During its first month
of operations, the Cutting Department started 18,000 executive desk kits. January direct
materials costs in the Cutting Department totaled $936 , 000 , and conversion costs totaled $662 ,
400 . Ending inventory on January 31 consisted of 6,000 partially processed component kits.
These units were 100 percent complete with respect to direct materials, but only 30 percent
complete with respect to conversion. Assume that on January 31 the Finishing Department of
Corner Suites had 5.000 partially trimmed and assembled executive desks in ending inventory.
These units were, of course, 100 percent complete with respect to components transferred in
from the Cutting Department, but only 80 percent complete with respect to direct trim materials,
and 75 percent complete with respect to conversion. During January, the Finishing Department
incurred direct materials costs (for trim) of $220 , 000 , and conversion costs of $322 , 500 . a.
Compute how many units were started in the Finishing Department during January. b. Compute
the number of executive desks transferred out of the Finishing Department in January. c.
Compute the equivalent units of input resources for the Finishing Department in January. d.
Compute the cost per equivalent unit of input resource for the Finishing Department in January.
e. Prepare the summary journal entry required to transfer the cost of executive desks from the
Finishing Department's Work in Process Inventory to the company's Finished Goods Inventory
in January. f. Compute the total cost assigned to the Finishing Department's ending inventory in
process on January 31. Complete this question by entering your answers in the tabs below.
Compute the equivalent units of input resources for the Finishing Department in January. a.
Lompute now many uns were started in tne rinisning vepartment dunng Jantuary. b. Compute the
number of executive desks transferred out of the Finishing Department in Ja c. Compute the
equivalent units of input resources for the Finishing Department in January. d. Compute the cost
per equivalent unit of input resource for the Finishing Department in Jar e. Prepare the summary
journal entry required to transfer the cost of executive desks from th in Process Inventory to the
company's Finished Goods Inventory in January. f. Compute the total cost assigned to the
Finishing Department's ending inventory in process Complete this question by entering your
answers in the tabs below. Compute the equivalent units of input resources for the Finishing
Department in January.