quiz 5 solution - Question 1 XYZ Company operates two...

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Question 1XYZ Company operates two departments, the assembly department and the finishingdepartment. During June, the assembly department reported the following information:units% complete DM% complete conversionwork in process, June 124,00075%units completed during June50,000work in process, June 3037,00080%The cost of beginning work in process and the costs added during June were as follows:DMConversionTotal costwork in process, June 1$ 43,360$ 70,000$113,360costs incurred during June529,760234,220763,980total costs$573,120$304,220$877,340Calculate theequivalent unitswith respect toconversion costsusing theweightedaverageprocess costing method.40%20%
Question 2XYZ Company operates two departments, the assembly department and the finishingdepartment. During June, the assembly department reported the following information:units% complete DM% complete conversionwork in process, June 124,00075%units completed during June50,000work in process, June 3037,00080%The cost of beginning work in process and the costs added during June were as follows:DMConversionTotal costwork in process, June 1$ 43,360$ 70,000$113,360costs incurred during June529,760234,220763,980total costs$573,120$304,220$877,340Calculate theequivalent unitswith respect todirect materialsusing theFIFOprocesscosting method.40%20%
Question 3XYZ Company operates two departments, the assembly department and the finishingdepartment. During June, the assembly department reported the following information:units% complete DM% complete conversionwork in process, June 124,00075%units completed during June50,000work in process, June 3037,00080%The cost of beginning work in process and the costs added during June were as follows:DMConversionTotal costwork in process, June 1$ 43,360$ 70,000$113,360costs incurred during June529,760234,220763,980total costs$573,120$304,220$877,340Calculate thetotal cost of the assembly department's work in process inventory at June30using theFIFOprocess costing method.40%20%

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Term
Spring
Professor
TeriZiegler
Tags
XYZ Company

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