Question: how do I get the highlighted numbers ? Facts: Started 10,000 units Beginning Inventory: 2,250 units, 75% complete for materials, 25% complete for conversion costs.

units Beginning Inventory: 2,250 units, 75% complete for materials, 25% complete for

conversion costs. Beginning Inventory: Materials $9,000, Conversion $4,000 Ending WIP: 1,000 units,

how do I get the highlighted numbers ?

Facts: Started 10,000 units Beginning Inventory: 2,250 units, 75% complete for materials, 25% complete for conversion costs. Beginning Inventory: Materials $9,000, Conversion $4,000 Ending WIP: 1,000 units, 100% complete with materials, 75% for conversion costs Added: Materials $50,000 Added: Conversior 80,000 No transferred in Units, only one department What is the cost per Equivalent Units under both methods and what is the entry to record COGM

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

e are MULTIPLE CHOICE. Choose the one alternative that best completes computer disk manufacturing plant. Direct materials I5,c 1) Direct Disk Drive Company operates a ng data were for August 20X5:...

Leonard Nimoy & Starfleet Enterprises Innovation Group manufactures components for alternative energy products (solar, wind, etc.) for multiple markets and makes many products and byproducts. The...

ACCY207 EXCEL ASSIGNMENT #1 REQUIREMENTS: Part 1: Prepare a complete (including cost reconciliation) FIFO production report using the data from the Problem Data File. Use the Report Format template...

AaBbCcDdE Normal AaBbCcDdE AaBBCCD AaBbCcDde AaBb A A. E No Spacing Heading Heading 2 Title ORIGINAL PROBLEM DATA (1ST Excel File): CHECK FIGURES: Conversion: $1.27 per EU 4/30/2021 EB WIP $128,097...

I need 1 through 4 to be answer. QUESTION 1 The Fremont Company uses the weighted average method in its process costing system. The company recorded 29,500 equivalent units for conversion costs for...

Use the information below to answer questions 3-5. Copper Corporation has the following sales budget for the last six months of 2022: July $200,000 August 160,000 September 220,000 October 180,000...

I attached a word document files that have the 5 questions that i need help with so would you please help me with that ? thanks Question NUmber 1 Missouri Corporation shows the following information...

Cooperative San Jos Please explain how you solve each answer, and point out what is the final answer for each problem,thank you. Cooperative San Jos of southern Sonora state in Mexico makes a unique...

answer required 1-4 please Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a...

Problem 5-18 (Static) Interpreting a Report-Weighted-Average Method [LO5-2, LO5-3, LO5-4] Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs....

Use the Internet to research the latest technological developments in smartphones, and discuss how those could be used by companies to deliver value to customers and shareholders.

Santana Rey created Business Solutions on October 1, 2017. The company has been successful, and its list of customers has grown, To accommodate the growth, the accounting system is modified to set up...

The data in the table below present the annual dividend return for Coca-Cola shares from 2001 to 2013.

CT Corp Comprehensive Question Canadian Tire Corporation, Limited (Canadian Tire) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

The international logistics pipeline, shown in Figure 4.3, is made up of the same basic elements as any other pipeline. However, this pipeline has a number of special characteristics. Use Table 4.3...

1 Comment on Glups plans to create engineered costs from the perceived benefits of the new material-handling equipment. Glup SA supplies a range of household soaps to supermarkets in northern Europe....

What happens to the break-even point if: 2 The sales price reduces by 5 per cent? Bond SA is planning to manufacture a new product with an initial sales forecast of 3,600 units in the first year at a...