The debits to Work in Process-Assembly Department for April, together with data concerning production, are as...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $7,200 Conversion costs, 3,000 units, 80% completed 5,900 Materials added during April, 10,000 units Conversion costs during April 27,500 32,000 Goods finished during April, 11,500 units April 30, work in process, 1,500 units, 60% completed All direct materials are placed in process at the beginning of the process, and the weighted average method is used to cost inventories. The materials cost per equivalent unit (to the nearest cent) for April is a. $3.47 b. $2.39 c. $3.02 d. $2.67 The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $7,200 Conversion costs, 3,000 units, 80% completed 5,900 Materials added during April, 10,000 units Conversion costs during April 27,500 32,000 Goods finished during April, 11,500 units April 30, work in process, 1,500 units, 60% completed All direct materials are placed in process at the beginning of the process, and the weighted average method is used to cost inventories. The materials cost per equivalent unit (to the nearest cent) for April is a. $3.47 b. $2.39 c. $3.02 d. $2.67
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The following data applies to the two unrelated companies Lloyd Ltd and Cole Ltd: All taxable and deductible temporary differences relate to the profit or loss. Assume a corporate tax rate of 30%. A....
-
Missouri Corporation shows the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are...
-
For the different alternatives facing a technical manager below, assess: (a) Which is most popular (research figures).
-
What would be the characteristics of a cumulative redeemable participating convertible preference share?
-
Pittsburg Tar Co. had the following income statement for 2013: a. Compute the break-even point using the equation approach. b. Prepare a CVP graph to reflect the relationships among cost, revenue,...
-
Provide a summary of at least seventy-five words. There are many benefits to applying Paul-Elder's Critical Thinking Model. We know that this is something that we can all continue to do throughout...
-
Jennifer Jones owns a small candy store she operates herself. A study was made observing the time between customers coming into the store and the time that Jones took to serve them. The following...
-
30 year old building has an old water storage tank on its rooftop. Upon inspection, the following observations were noted: The tank is watertight The tank imparts a slight metallic taste to the water...
-
A condensed income statement by product line for Lavonia Beverage Inc. indicated the following for Vim Cola for the past year: Sales $235,200 Cost of goods sold (112,000) Gross profit Operating...
-
To what value must the temperature of aluminum be changed from 25C in order to produce the same elongation as would result from the application of a 100 MPa compressive stress [Data for Al: Young's...
-
Have you experienced negative results due to self-disclosure? If so, what could have been altered in the decisions of what, where, when, or how to disclose that may have improved the situation? Under...
-
Q1) The company defines (perceives) supply chain management as "the strategic coordination within IAC and its coordination with its supplier base and customers..." (p. 3). Discuss the major strength...
-
Kreem Corporation is considering determine the selling price for the innovative product they having been completing research on over the past two years. They are at the point where they are getting...
-
Explain the regulation of the secretions of the small intestine.
-
Suppose that we have the data \(\tau_{\mathrm{n}}=\left\{x_{1}, \ldots, x_{n} ight\}\) in \(\mathbb{R}\) and decide to train the two-component Gaussian mixture model \[ g(x \mid...
-
A generalization of both the gamma and inverse-gamma distribution is the generalized inverse-gamma distribution, which has density \[ \begin{equation*} f(s)=\frac{(a / b)^{p / 2}}{2 K_{p}(\sqrt{a...
-
A \(d\)-dimensional normal random vector \(X \sim \mathscr{N}\left(\boldsymbol{\mu}, \sum ight)\) can be defined via an affine transformation, \(\boldsymbol{X}=\boldsymbol{\mu}+\boldsymbol{\Sigma}^{1...
South Western Federal Taxation 2015 Comprehensive Volume 38th Edition - ISBN: 1285439635 - Free Book
Study smarter with the SolutionInn App