Timberline Associates uses the weighted-average method in its process costing system. The following data are for the first processing department for a recent month:
Work in process, beginning:
Units in processâ¦â¦â¦â¦â¦.2,400
Percent complete with respect to materialsâ¦â¦â¦â¦.. 75%
Percent complete with respect to conversion â¦â¦â¦.. 50%
Costs in the beginning inventory:
Materials cost â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦.. $8,400
Conversion costâ¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦.. $7,200
Units started into production during the monthâ¦â¦â¦.. 20,800
Units completed and transferred out â¦â¦â¦â¦â¦â¦â¦â¦â¦ 22,200
Costs added to production during the month:
Materials cost â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦.. $97,400
Conversion costâ¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦.. $129,600
Work in process, ending:
Units in processâ¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦.. 1,000
Percent complete with respect to materialsâ¦â¦â¦â¦.. 80%
Percent complete with respect to conversion â¦â¦â¦.. 60%
Required:
a. Determine the equivalent units of production.
b. Determine the costs per equivalent unit.
c. Determine the cost of ending work in process inventory.
d. Determine the cost of the units transferred to the next department.
Sample Solution
strong concerns regarding the individualâs privacy. When there are cameras everywhere, individuals will be continually watched. This possible violation of privacy creates fear in people. Another point that raises fear, is that the data of facial recognition can be misused. There is always tension between the need for privacy and what this loss of privacy can bring us (security). Is it acceptable to use facial recognition technologies in all situations? That is what will be discussed in this paragraph. A reason why facial recognition technologies should be used is because of its contribution to security. There is belief that these technologies can offer solutions, it can for example help by the identification of suspects and thus help prevent crimes. With these systems there is a broader intelligence and security infrastructure [13]. But are the technologies safe enough? There is one big ethical issue, that is the right to privacy. Misuse of data and the problem of error are related to this. i. Privacy Every person has the right to have privacy and protection of his or her personal data. Facial recognition systems are a threat to the individualâs privacy. It can lead to a society in which the government knows everything about an individual. The law should protect individuals against the dangers facial recognition technologies entail. The privacy law in Europe, the GDPR, is as follows: âthe use of biometric data for identification is in principle prohibited (Art. 9.1). Article 9.2 GDPR however contains many exceptions to the proh>
strong concerns regarding the individualâs privacy. When there are cameras everywhere, individuals will be continually watched. This possible violation of privacy creates fear in people. Another point that raises fear, is that the data of facial recognition can be misused. There is always tension between the need for privacy and what this loss of privacy can bring us (security). Is it acceptable to use facial recognition technologies in all situations? That is what will be discussed in this paragraph. A reason why facial recognition technologies should be used is because of its contribution to security. There is belief that these technologies can offer solutions, it can for example help by the identification of suspects and thus help prevent crimes. With these systems there is a broader intelligence and security infrastructure [13]. But are the technologies safe enough? There is one big ethical issue, that is the right to privacy. Misuse of data and the problem of error are related to this. i. Privacy Every person has the right to have privacy and protection of his or her personal data. Facial recognition systems are a threat to the individualâs privacy. It can lead to a society in which the government knows everything about an individual. The law should protect individuals against the dangers facial recognition technologies entail. The privacy law in Europe, the GDPR, is as follows: âthe use of biometric data for identification is in principle prohibited (Art. 9.1). Article 9.2 GDPR however contains many exceptions to the proh>