Question: Refer to E3-12 for information regarding Arboles Company. Required: Complete all requirements for E3-12 using the FIFO method of process costing. 1. Reconcile the number

Refer to E3-12 for information regarding Arboles Company.

Required:
Complete all requirements for E3-12 using the FIFO method of process costing.
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, rounded to five decimal places.
4. Reconcile the total cost of work inprocess.

Work in process, July 1 (100% complete for materials, 60% for conversion) 75,000 units 5,000 $17,500 Direct materials Conversion cost Number of units started 100,000 units July costs Direct materials Conversion cost $6,500 $24,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 70,000 units

Step by Step Solution

★★★★★

3.52 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Req 1 Physical Units Physical Units Beginning Units 75000 Units Completed 105000 a Units Started 100... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

407-B-M-A-P-C (1837).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Solve the problems below using your HP-12c. Write down the calculator keystrokes, and clearly identify your answers. Answers alone will not receive full credit. 1. A prospective tenant is evaluating...

1. Complete Problem 17-36 using the FIFO method of process costing. In Problem 17-36, McKnight Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through...

1. Complete Problem 17-41 using the FIFO method of process costing. 2. If you did Problem 17-41, explain any difference between the cost of work completed and transferred out and the cost of ending...

1. Do Problem 17-36 using the FIFO method of process costing. Explain any difference between the cost per equivalent unit in the assembly department under the weighted-average method and the FIFO...

UI Work In Process (FIFO) Refer to E3-9 for information regarding Ridgecrest Company. Required: Complete all requirements for E3-9 using the FIFO method. E3-11 Calculating Equivalent Units, Cost per...

Refer to E3-12 for information regarding Hanson Company. Required: Complete all requirements for E3-12 using the FIFO method of process costing. Data from E3-12 Hanson Company manufactures handheld...

E20-6 Calculating Equivalent Units, Cost per Equivalent Unit, and Reconciling the Cost of Work in Process (Weighted Average) ( Supplement ) Refer to E20-5 for information regarding Raindrop Company....

DELAWARE COMPANY produces yarn made from imported wool. It is done in three processes: processing, spinning and finishing. Raw wool is processed, spun, and finished before being shipped out to...

Refer to E3-14 for information regarding Mirada Company. Required: Complete all requirements for E3-14 using the FIFO method of process costing. Work in process, July 1 (100% complete for materials,...

Stone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Stone adds all materials at the beginning of its manufacturing process. During the...

Refer to M3-4 for information regarding Bedford Company. Using the FIFO method, reconcile the number of physical units and calculate the number of equivalent units. Data from M3-4 Bedford Company...

1. Why does Culvers use a phrase like quick service rather than fast food to describe their food service? 2. Why is a high-level of customer service such an important part of Culvers business model?...

Make the following changes to the calibration variables: Return % Inv1 Inv2 Inv3 Inv4 Inv5 Average 7.85 10.35 12.85 15.68 18.38 Boom economy is 25% above Average and Bust economy is 35% below...

In a right triangle the two sides that are at 9 0 are 5 4 and 7 2 . What is the length of the hypothenuse? Just enter a number. Since we're checking your math on this one, make it accurate to 1 % or...

What are the important shortcomings of the real business cycle model?

Read each of the following research scenarios and then fill in the correct answer in each column of the table. Number of Number of Number of Number of independent experimental possible variables...

What is the minimum number of nodes in a wavl tree of height 7?

A significant percentage of U.S. corporations are closely held corporations, with the stock of such corporations often owned predominandy or exclusively by family members. Using die internet as your...

Scott Caldwell worked for UniFirst Corporation under an employment agreement with an arbitration clause. The agreement provided that either party could avoid arbitration by seeking an injunctionbut...

What is the essential difference between mixed methods research and simply using multiple methods in a study?

Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to...

Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involvedCleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during...

please answer ASAP Help Save & Bar Submit Suppose your earnings of $967.34 for the week represent 4.168% of your total annual earnings. Rounded to the nearest dollar, your annual camings must be...

Asset W has an expected return of 13.3 percent and a beta of 1.31. If the risk-free rate is 4.56 percent, complete the following table for portfolios of Asset W and a risk-free asset. Percentage of...

In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. Do you try to pad an...