ORIE_350_Homework__9_2008 - ORIE 350 Homework #9 Due April...

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ORIE 350 Homework #9 Due April 2, 2008 1. Societe Clemeau is a cement company in Lyons. They use FIFO process costing for their cement manufacturing business. The company uses two cost categories for process costing, materials and conversion. November data from the Mixing Department follows. Work in Process, Nov. 1 80,000 units Started into Production during November 300,000 units Work in Process, Nov. 30 50,000 units On Nov. 1, the WIP was 80% complete for materials, 20% complete for conversion On Nov. 30, the WIP was 40% complete for materials, 10% for conversion. a) Find the equivalent units of production for November. b) Find the units transferred out of the mixing department during November. 2. Black Diamond skis uses FIFO process costing. They had the following activity in the Shaping and Milling Department in May: WIP, May 1: 200 units (55% complete for materials, 30% complete for conversion) Started in production: 5,000 units WIP, May 31: 400 units (40% complete for materials, 25% complete for conversion) WIP, May 1: $9,600 materials, $5,575 conversion
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This note was uploaded on 04/05/2009 for the course ORIE 350 taught by Professor Callister during the Summer '08 term at Cornell University (Engineering School).

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ORIE_350_Homework__9_2008 - ORIE 350 Homework #9 Due April...

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