The debits to Work in ProcessAssembly Department for May, together with data concerning production, are as follows May 1, work in process Materials cost, 3,000 units $8,500 Conversion costs, 3,000 units, 50 completed 5,900 Materials added during May, 10,000 units 26,900 Conversion costs during May 30,500 Goods finished during May, 11,500 units 0 May 31 work in process, 1,500 units, 50 completed 0 All direct materials are placed in process at the beginning of the process, and the first in, first out method is used to cost inventories The materials cost per equivalent unit for May is a $3 90 b $3 05 c $2 34 d $2 69

The Answer is in the image, click to view ...

Question: The debits to Work in ProcessAssembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000

The debits to Work in ProcessAssembly Department for May, together with data concerning production, are as follows:

May 1, work in process:
Materials cost, 3,000 units	$8,500
Conversion costs, 3,000 units, 50% completed	5,900
Materials added during May, 10,000 units	26,900
Conversion costs during May	30,500
Goods finished during May, 11,500 units	0
May 31 work in process, 1,500 units, 50% completed	0

All direct materials are placed in process at the beginning of the process, and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is

a.$3.90

b.$3.05

c.$2.34

d.$2.69

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!

An electrical resistor is connected to a battery, as shown schematically. After a brief transient, the resistor assumes a nearly uniform, steady-state temperature of 95C, while the battery and lead...

17, 16 17: 16: The following production data were taken from the records of the Finishing Department for June: conversion costs. a. 400 units b. 750 units c. 600 units d. 500 units The debits to Work...

I need help thanks! and I dont need to separed my question they are limited. Department R had 4, 100 units in work in process that were 71% completed as to labor and overhead at the beginning of the...

1 2 3 The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $7,600 5,800 Conversion...

Use this information about Department S to answer the question that follow. cost of $92,400. During the period, 9,900 units Department S had no work in process at the beginning of the period. It...

1. Department G had 1,920 units 25% completed at the beginning of the period, 12,200 units were completed during the period, 1,600 units were 20% completed at the end of the period, and the following...

Please see below. The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $8,100...

1 2 3 4 Aspen Technologies has the following budget data: Estimated direct labor hours 8,200 Estimated direct labor dollars $58,100 Estimated factory overhead costs $154,600 If factory overhead is to...

The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $7,200 Conversion costs, 3,000...

The debits to Work in ProcessAssembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $?,500 Conversion costs, 3,000...

The debits to Work in ProcessAssembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $ 8,000 Conversion costs, 3,000...

1. Why are lines like "conn.starttls()" important (for programs using SQL or email)? 2. What is a major difference between the email protocols POP3 and IMAP? 3. Why are lines like "conn.starttls()"...

What strategy did QVC use, and how did it support this strategy?

Question 3 ( 5 marks ) Assume a compary has cost of equity of 1 3 % and ater - tax cost of debt of 7 . 5 0 % . What is the neighbod - verage coss of capial ( WACC ) if the target debt - equity ratio...

Background of Shipbob Company?

Using some of the ideas in case study 12.4, consider proposals to change the recruitment of one key job in your organisation that would aim to reduce the attrition rate.

In the CIPD labour turnover research, the cost of replacement of employees who leave is high. Why is this?

Set out the arguments for and against instituting a legal requirement for a quota of women on boards of private companies