In the month of June, a department had 18000 units in beginning work in process inventory...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image](https://dsd5zvtm8ll6.cloudfront.net/questions/2024/05/6642f76469e08_7406642f764656be.jpg)
Transcribed Image Text:
In the month of June, a department had 18000 units in beginning work in process inventory that were 60% complete. During June, 85000 units were transferred into production from another department. At the end of June, there were 10000 units in ending work in process inventory that were 40% complete as on conversion. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were O 97000 equivalent units. O 93000 equivalent units. O 85000 equivalent units. O 103000 equivalent units In the month of June, a department had 18000 units in beginning work in process inventory that were 60% complete. During June, 85000 units were transferred into production from another department. At the end of June, there were 10000 units in ending work in process inventory that were 40% complete as on conversion. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were O 97000 equivalent units. O 93000 equivalent units. O 85000 equivalent units. O 103000 equivalent units
Expert Answer:
Answer rating: 100% (QA)
To calculate the equivalent units of production for conversion costs we ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
In the month of March, a department had 8500 units in beginning Work in Process Inventory that were 80% complete. During March,30700 units were transferred into production from another department. At...
-
At year-end 2010, 28,879 million represents: A. the funded status of the plan. B. the defined benefit obligation. C. the fair value of the plans assets. Kensington plc, a hypothetical company based...
-
Consider each of the following errors individually, and indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance...
-
Civil engineers help municipal wastewater treatment plants operate more efficiently by collecting data on the quality of the effluent. On seven occasions, the amounts of suspended solids (parts per...
-
Will a business that operates with a high gross profit margin necessarily achieve a high operating profit margin and a high return on capital employed?
-
Tuff Kids Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of jeans has a selling price of $ 30 with $ 21 in variable costs of goods sold. The company has fixed...
-
A new cast-iron pipe 1200 ft long and 6 inches in diameter carries 1.5 cfs of water if f=0.022. Determine the frictional loss of head.
-
In an exam taken by millions of students, the average of 16 students is 70 with a standard deviation 8. Assume that the scores are normally distributed. Use a 0.01 level of significance to test the...
-
A U.S. publicly traded company's fiscal year ends on May 31. If the company's public float is $400 million dollars and annual revenues are $350 million dollars, what is the latest date that Form 10-K...
-
Logan had seamless rain gutters installed around her home at a cost of $1,600. She financed the total amount for18 monthsat an annual interest rate of3.5% compoundedmonthly. What is the amount of her...
-
Jefferson qualifies for an income-adjusted monthly payment of $425. If Jefferson has a subsidized student loan of $48,000 at an annual interest rate of 4% (compounded monthly), how many months are...
-
What could Zhejieng NHU have done to mitigate its foreign exchange losses? What is the easiest way for SMEs to hedge against foreign exchange risks?
-
Shilpa Swaminathan died recently. Her assets included a $900,000 home, $500,000 in GICs and a portfolio of common shares worth $500,000. Which of Shilpa's assets are taxable?
-
Federal excise taxes on gasoline vary widely across the developed world. The United States has the lowest taxes at USD $0.40 per gallon (or 0.07 per liter), Canada has taxes of $0.60 per gallon,...
-
A firm has the following balance sheet: Assets Cash Accounts receivable Inventory Plant and equipment $ 15,000 150,000 92,000 170,000 $427,000 Liabilities and Equity Accounts payable Long-term debt...
-
Derive the orthogonality condition for the eigenfunctions of the beam shown in Figure 7.48. x L m, EA M Figure 7.48: Axially vibrating cantilever beam fixed at one end with a point-mass at the other...
-
Consider the longitudinally vibrating uniform beam shown in Figure 7.48. One end of the beam is fixed and the other end is free with an attached concentrated mass \(M\). Derive the frequency...
-
Consider the longitudinally vibrating uniform beam shown in Figure 7.49. The ends of the beam are supported by linear springs with stiffnesses \(k_{1}\) and \(k_{2}\). Derive the frequency equation,...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App