Arboles Company manufactures pencils and has the following information available for the month of July: Work...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Arboles Company manufactures pencils and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 60% for conversion) Direct materials Conversion cost Number of units started July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) S $ 75,100 units 5,100 17,600 100,100 units 6,600 S $ 24,100 70,100 units Required: Using the weighted-average method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate cost per equivalent unit 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Units Beginning Units Units Started Total Units Units Completed Ending Units Total Units Physical Units Arboles Company manufactures pencils and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 60% for conversion) Direct materials Conversion cost Number of units started July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) S $ 75,100 units 5,100 17,600 100,100 units 6,600 S $ 24,100 70,100 units Required: Using the weighted-average method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate cost per equivalent unit 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Units Beginning Units Units Started Total Units Units Completed Ending Units Total Units Physical Units
Expert Answer:
Answer rating: 100% (QA)
Step 1 Reconcile the number of physical units worked on during the period Beginning Units 75100 units Units Completed 100100 units Ending Units 70100 ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
Students also viewed these accounting questions
-
Arboles Company manufactures pencils and has the following information available for the month of July: Required: Using the weighted-average method of process costing, complete each of the following...
-
Legacy Company manufactures umbrellas and has the following information available for the month of May: Work in process, May 1 (100% complete for materials, 87% for conversion) 76,000 units Direct...
-
Company A has the following information available for years ending December 31, 2020, 2019, and 2018: 2020 2019 2018 Revenues $20,000,000 $28,000,000 $26,000,000 Cost of Goods Sold 11,800,000...
-
Harpo Marks Corporation produces and sells forklift trucks. Model 17A (the Chico) has a list price of $ 70,000. The production cost for the 20 finished Chicos in inventory at the end of 20X4 was $...
-
Montana Jeans Inc. manufactures blue jeans for distribution to several major retail chains. The following costs are incurred in the production and sale of blue jeans: a. Brass buttons b. Janitorial...
-
According to a study done by Wakeeld Research, the proportion of Americans who can order a meal in a foreign language is 0.47. (a) Suppose a random sample of 200 Americans is asked to disclose...
-
Find the z-score that corresponds to each value. The scores for the reading portion of the ACT test are normally distributed. In a recent year, the mean test score was 21.2 and the standard deviation...
-
Martinez Company has decided to introduce a new product. The new product can be manufactured by either a capital-intensive method or a labor-intensive method. The manufacturing method will not affect...
-
Question 14 3.25 pts Mulan's Accessory Shop started the month of June 2022 with total assets of $210,000 and total liabilities of $120,000. During June, the business recorded $330,000 in revenues,...
-
Consider the following portions of two different programs running at the same time on four processors in a symmetric multicore processor (SMP). Assume that before this code is run, both x and y are...
-
What management structures and technology are required to ensure brand consistency of a global brand when there is a need to accommodate cultural diversity across its many markets?
-
Select a recent promotional campaign carried out by a company and discuss the ethical implications of the campaign. How does the company ensure that its promotional strategies adhere to ethical...
-
Assume that TDW Corporation (calendar-year-end) has 2023 taxable income of $682,000 for purposes of computing the 179 expense. The company acquired the following assets during 2023: (Use MACRS Table...
-
New concepts Multi-dimensional arrays Description This lab is intended to make you more familiar with 2-dimensional array. You are going to create a very simple matrix class. a matrix (plural...
-
As end A of the slender bar is pulled to the right with the velocity v, the bar slides on the surface of the fixed half- cylinder. Determine the angular velocity @ of the bar in terms of x.
-
Present your answer as ex. 1000 FAVORABLE OR 1000 UNFAVORABLE if applicable. MARINA Bottlers Inc, a leading softdrinks company is producing their bottle requirements. For each case of 24 eight-ounce...
-
Discuss the role of finance in business. What is the purpose of financial management? Describe the kinds of activities that financial management involves. What kind of tools do financial managers...
-
31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...
-
What will happen to a companys break-even point if the product mix shifts to favor a product with a lower contribution margin per unit?
-
Explain how centralized and decentralized companies differ. What are the advantages and disadvantages of each?
-
How is a year-over-year percentage calculated?
-
You are Br erired: with the following information relating to Plott plc for the year to 31 March 2011: Additional information: 1. The above information has been obtained after the compilation of the...
-
The following information has been extracted from the books of Quire plc as at 30 September 2011. The following additional information is to be taken into account: 1. Stocks at 30 September 2011 were...
-
The following trial balance has been extracted from the books of Patt plc as at 31 March 2010: Additional information: 1. Following the preparation of the above trial balance, the following...
Study smarter with the SolutionInn App