The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $0.45 and $0.12, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 3,500 Started and completed during the period 57,000 57,000 Transferred out of Bottling (completed) 57,000 60,500 Inventory in process, end of period 3,500 1,800 Total units and costs to be assigned 60,500 62,300 The beginning work in process inventory had a cost of $2,200. Determine the cost of completed and transferred out production and the ending work in process inventory. Round answers to nearest whole dollar. Completed and transferred out production $ Inventory in process, ending The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $0.45 and $0.12, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 3,500 Started and completed during the period 57,000 57,000 Transferred out of Bottling (completed) 57,000 60,500 Inventory in process, end of period 3,500 1,800 Total units and costs to be assigned 60,500 62,300 The beginning work in process inventory had a cost of $2,200. Determine the cost of completed and transferred out production and the ending work in process inventory. Round answers to nearest whole dollar. Completed and transferred out production $ Inventory in process, ending
Expert Answer:
Answer rating: 100% (QA)
Determine the cost of completed and transferred out production as shown below Pa... View the full answer
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
Students also viewed these accounting questions
-
The cost per equivalent unit of direct materials and conversion in the Rolling Department of Mohawk Valley Steel Company is $58.50 and $11.60, respectively. The equivalent units to be assigned costs...
-
The cost per equivalent unit of direct materials and conversion in the Filling Department of Keystone Personal Care Company is $0.32 and $0.16, respectively. The equivalent units to be assigned costs...
-
The costs per equivalent unit of direct materials and conversion in the Filling Department of Savannah Lotion Company are $ 0.35 and $ 0.08, respectively. The equivalent units to be assigned costs...
-
On December 1, 2016, Masipag sold land in exchange for a P180,000 non-interest, 1-year promissory note. The 10% interest rate was going market rate for similar notes. Masipag had paid P66,000 to...
-
Check the Excel output for the models created in Exercises 6, 7, and 8 above for outliers. If you had access to the original records for this data set, what would you do?
-
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean...
-
A sphere of radius \(R\) is rotating in an infinite fluid at an angular velocity of \(\Omega\). Derive the following expression for the velocity field: \[v_{\phi}=r \Omega \sin \theta...
-
Describe how you would go about analyzing the data storage needs of the Marc Schnieder Janitorial Supply Company. Would you trash the old system or just polish it up a bit? Discuss the implications...
-
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
-
a. Prepare a UML class diagram with classes, associations, and multiplicities. b. Using the preceding information and the following attributes list, prepare a listing of the relational tables...
-
A random sample of n = 25 individuals is selected from a population with u = 20, and treatment is administered to each individual in the sample. After treatment, the sample mean is found to be M =...
-
You observe the market prices of European options written on a non-dividend paying stock expiring in one month. Exercise Price X = $35 X = $45 C. Call Price C35 = $7.93 C45 = $2.71 Put Price P35 =...
-
Consider the matrix. ^= ( 148) a. Determine and plot the variation in condition number K for the matrix as a function of j as the ratio of Amax/min] for e= 10, where 1 j 10. Use the eig command to...
-
. An implicit finite difference scheme solves for an n x 1 vector x using an n x n coefficient matrix A and an n x 1 force vector b. The governing equation is Ax = b and can be solved in MATLAB using...
-
Consider a heavily insulated roof on a hot day with temperature T. The roof gains heat from direct sunlight but loses heat to the surrounding air and surroundings. The governing equation is. aG=h(Ts...
-
and w 3? You must justify your answer. If it is not, then find another vector w3 such that it is a linear combination of w, 2 and 3. Is = a linear combination of w Consider the linear system CT Arb...
-
Canada faces a complex year ahead, with looming political tensions, geopolitical rivalries, and economic woes threatening to weaken the business climate. Already far outlasting the average for most...
-
Outline some of the major problems confronting an international advertiser.
-
Sparks Co. sold merchandise to Boyt Co. on account, $8,500, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $5,100. Sparks Co. paid transportation charges of $225 and later...
-
Project A requires an original investment of $35,000. The project will yield cash flows of $8,000 per year for seven years. Project B has a calculated net present value of $1,000 over a five-year...
-
The ledger and trial balance of Wainscot Services Co. as of March 31, 2008, the end of the first month of its current fiscal year, are presented in the working papers. Data needed to determine the...
-
Laura says she doesnt believe that humans were at one time chimpanzees or gorillas. Jeff says he doesnt believe it either. Explain why biologists also dont believe that humans are descended from...
-
Write a letter to Grandma telling her about drug resistance in living organisms. Explain to her why drug resistance is such a common phenomenonincluding why insects become more resistant to...
-
During a drought, the supply of seeds available to a finch population decreases. The smaller, softer seeds, which are easier to crack, are quickly eaten up. Finches with larger, stronger beaks are...
Study smarter with the SolutionInn App