05 X05 Standard Costing & Variance Analysis [134wry79d8n7] The standard quantity of material allowed per unit was 5 pounds at a standard cost of $2.50 per pound. 9,90,000 of conversion costs were incurred. Direct material 40% complete. PROCESS COSTING(QUIZ).docx - 1. The following information... The following information relates to September production: Number of units Percent complete with respect to conversion costs Work in process, September 1 20,000 . If there were 40,800 units of inventory on hand on December 31, 2010, how many units should be produced in January, 2011 in order for the company to meet its goals? Orange: Connect - Managerial Accounting Chapter 3 - Blogger During september 40000 units were produced the - Course Hero The company had 40,000 equivalent units of production for conversion costs. B. These were 100% complete as to materials and 25% complete as to conversion cost 1200 units were added to production during September, and these had materials costs of P168,000. We review their content and use your feedback to keep the quality high. , Started in April 40,000 18, Units completed 42, Ending work-in-process 12, All materials are added at the beginning of the process. Using the weighted-average method, the equivalent units of production with regard to direct labor were: Rashid . to conversion costs. Units started during September 28,500. ANS: At the end of April all units were completed except for 625 units. Required: At the end of September, the processors which have not been completed total 200 units which were 100% complete as to materials and 50% complete as to conversion cost.

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