Accounting-Missouri Corporation shows the following information concerning

Question NUmber 1Missouri Corporation shows the following information concerning the work in process at its plant:• Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are59 percent complete).• Started this month, 60,100 units.• Transferred out, 50,000 units.• Ending inventory, 19,400 units (materials are 100 percent complete; conversion costs are 15 percentcomplete).Required:(a) Compute the equivalent units for materials using the weighted-average method.Equivalent Unites:(b) Compute the equivalent units for conversion costs using the weighted-average method.Equivalent Unites:Question number 2:Missouri Corporation shows the following information concerning the work in process at its plant:• Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are61 percent complete).• Started this month, 60,000 units.• Transferred out, 50,300 units.• Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 17 percentcomplete).Required:(a) Compute the equivalent units for materials using FIFO.Equivalent Unites:(b) Compute the equivalent units for conversion costs using FIFO.Equivalent Unites:Question Number 3Assume that El Paso Corporation provides you with the following information for one of itsdepartment’s operations for September (no new material is added in Department B):WIP inventory—Department BBeginning inventory (8,200 units, 20% complete withrespect to Department B costs)Transferred-in costs (from Department A)$ 35,830Department B conversion costs8,930Current work (18,900 units started)Prior department costs88,830Department B costs167,020The ending inventory has 3,200 units, which are 50 percent complete with respect to Department B costsand 100 percent complete for prior department costs.Required:Use a production cost report using FIFO. (Round your amounts to the nearest whole unit/dollarexcept for "cost per equivalent unit" which should be rounded to two decimal places.)Physical UnitsEquivalent UnitsPrior Department Department BFlow of units:Units to be accounted for:Beginning WIP inventoryUnits started this periodTotal units to account forUnits accounted for:Completed and transferred outFrom beginning WIP inventoryPrior departmentDepartment BStarted and completed currentlyUnits in ending WIP inventoryPrior departmentDepartment BTotal units accounted for0Total Prior department Department BFlow of costs:Costs to be accounted for:Costs in beginning WIP inventoryCurrent period costsTotal costs to be accounted forCost per equivalent unitPrior departmentDepartment BCosts accounted for:Costs assigned to units transferred out:Costs from beginning WIP inventoryCurrent costs added to complete beginningWIP inventoryPrior departmentDepartment BCurrent costs of units started and completed:Prior departmentDepartment BTotal costs transferred outCost of ending WIP inventoryPrior departmentDepartment BTotal costs accounted for$0$0$0$0$0$0$0$0$0Question Number 4Douglas Toys is a manufacturer that uses FIFO costing method to account for costs of production. Itproduces a plastic toy in three separate departments: Molding, Assembling, and Finishing. The followinginformation was obtained for the Assembling Department for the month of September.Work in process on September 1 had 107,000 units made up of the following:AmountPrior department costs transferred in from the MoldingDepartmentCosts added by the Assembling Department$145,520Degree ofCompletion100%Direct materialsDirect laborManufacturing overhead$$151,481$Work in process, September 196,30036,16919,012100%70%50%297,001During September, 507,000 units were transferred in from the Molding Department at a cost of$689,520. The Assembling Department added the following costs:Direct materials $Direct laborManufacturingoverheadTotal costsadded437,670164,24174,808$676,719Assembling finished 407,000 units and transferred them to the Finishing Department.At September 30, 207,000 units were still in work-in-process inventory. The degree of completion ofwork-in-process inventory at September 30 was as follows:Direct materialsDirect laborManufacturing overhead90%8030Required:(a) Prepare a production cost report using FIFO. (Round your answer to 2 decimal places.)DOUGLAS TOYSAssembling DepartmentProduction Cost Report—FIFOFlow ofProductionUnitsCOMPUTE EQUIVALENT UNITSPriorDepartmentCostsPhysicalUnitsUnits to beaccountedfor:BeginningWIPinventoryUnitsstarted thisperiodTotal units tobe accountedforUnitsaccountedfor:Unitscompletedandtransferredout:FrombeginninginventoryStartedandcompletedcurrentlyUnits inending WIPinventoryTotal unitsaccountedforMaterialsManufacturingOverheadLabor000000CostsDETAILSTotalCostsCosts to be accountedfor:Costs in beginningWIP inventoryCurrent period costsTotal costs to beaccountedCost per equivalentunit:Prior departmentcostsMaterialsLaborManufacturingoverhead$0PriorDepartment MaterialsCosts$0$0Labor$0ManufacturingOverhead$0DETAILSPriorManufacturingTotal Costs Department Materials LaborOverheadCostsCosts accounted for:Costs assigned tounits transferred out:Costs frombeginning WIPinventoryCurrent costs addedto complete beginningWIP inventory:Prior departmentcostsMaterialsLaborManufacturingoverheadTotal costs frombeginning inventoryCurrent costs of unitsstarted andcompleted:Prior departmentcostsMaterialsLaborManufacturingoverheadTotal costs of unitsstarted and completedTotal costs of unitstransferred outCosts assigned toending WIP inventory:Prior departmentcostsMaterialsLaborManufacturingoverheadTotal ending WIPinventory$0$0$0$0Total costs accountedfor$0$0$0$0$0Question Number 5Washington, Inc., makes three models of motorized carts for vacation resorts, X-10, X-20, and X-40.Washington manufactures the carts in two assembly departments: Department A and Department B. Allthree models are processed initially in Department A, where all material is assembled. The X-10 model isthen transferred to finished goods. After processing in Department A, the X-20 and X-40 models aretransferred to Department B for final assembly, and then transferred to finished goods.There were no beginning work-in-process inventories on April 1. Data for April are shown in thefollowing table. Ending work in process is 20 percent complete in Department A and 60 percent completein Department B. Conversion costs are allocated based on the number of equivalent units processed ineach department.TotalUnits startedUnitscompleted inDepartment AUnitscompleted inDepartment BMaterialsConversioncosts:DepartmentADepartmentBTotal$274,80041,600$316,400X-40300250180230390,750X-20330440$X-10470165$35,250 $115,500 $240,000conversioncostsRequired:(a) What is the unit cost of each model transferred to finished goods in April? (Do not roundintermediate calculations. Round final answers to the nearest dollar amounts and units.)(b) What is the balance of work-in-process inventory on April 30 for Department A? Department B? (Donot round intermediate calculations. Round final answers to the nearest dollar amounts andunits.)Department A Department BBalance of work-in-process ending inventory

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