Overton Company has gathered the following information.

Instructions

Compute equivalent units of production for materials and for conversion costs.
Determine the unit costs of production.
Show the assignment of costs to units transferred out and in process

Solution

Problems: Process Costing

Problem-01: Process Costing

Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process On October 1, 2020, inventories consisted...

Problem-02: Process Costing

Rosenthal Company manufactures bowling balls through two processes: Molding and packaging. In the molding Department, the urethane, rubber, and other materials are molded into bowling balls, In the packaging Department,...

Problem-03: Process Costing

Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion cost are incurred uniformly. Production and cost data for the...

Problem-04: Process Costing

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,280,000 as follows. Production records show that 35,000 units were in beginning work in...

Problem-05: Process Costing

Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020...

Problem-06: Process Costing

Hamilton processing Company uses a weighted average process cost system and manufactures a single product an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the...

Problem-07: Process Costing

Schultz Electronics manufactures two large-screen television models: the Royale which sells for $1,6000, and a new model, the Majestic, which sells for $1,300. the production cost computed per unit under...

Problem-08: Process Costing

Robert Wilkins has prepared the following list of statements about process cost accounting.Contact us for the solution

Problem-09: Process Costing

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April,...

Problem-10: Process Costing

The ledger of American Company has the following work in process account. Production records show that there were 400 units in the beginning inventory, 30% complete, 1,600 units started, and...

Problem-11: Process Costing

Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in process Cutting $2,900, Work in process Assembly $10,600, and Finished Goods $31,000....

Problem-12: Process Costing

In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its...

Problem-13: Process Costing

The Cutting Department of Cassel company has the following production and cost data for July.Contact us for the solution

Problem-14: Process Costing

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation.Contact us for the solution

Problem-15: Process Costing

The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1: Direct materials: 100% completeConversion costs: 20%...

Problem-16: Process Costing

Baden Company has gathered the following information. Instruction Compute equivalent units of production for materials and for conversion costs. Determine the unit costs of production. Show the assignment of costs...

Problem-17: Process Costing

Overton Company has gathered the following information. Instructions Compute equivalent units of production for materials and for conversion costs. Determine the unit costs of production. Show the assignment of costs...

Problem-18: Process Costing

The polishing Department of Major company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.Contact us for the solution

Problem-19: Process Costing

David Skaros has recently been promoted to production manager. He has just started to receive various material reports, including the production cost report that you prepared. It showed that this...

Problem-20: Process Costing

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process.Contact us for the...

Problem-21: Process Costing

Remington Inc. is contemplating the use of process costing to track the cost of its operations. The operation consists of three segments: Receiving, Shipping, and Delivery. Containers are received at...

Problem-22: Process Costing

Santana Mortgage Company uses a process cost system to accumulate cost in its Application Department. When an application is completed, it is forwarded to the Loan Department for final processing....

Problem-23: Process Costing

Major Instrument, Inc, manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 300 pressure gauges were produced, and overhead costs of $94,500 were...

Problem-24: Process Costing

Kowalski Company manufactures a number of specialized machine parts. Part Compo-24 uses $35 of direct materials and $15 of direct labor per unit. Kowalskis's estimated manufacturing overhead is as follows.Contact...

Process Costing

Problem-17: Process Costing

Instructions

Solution

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