Question: Weighted-average costs per equivalent unit are $3.20 fordirect materials and $3.60 for conversion. There are no transferred-in costs and no spoilage. What is the cost

Weighted-average costs per equivalent unit are $3.20 fordirect materials and $3.60 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completedand transferred out if 17,500 units are completed and 1,750 units are in ending inventory?

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!

If ABC Company overapplied factory overhead to product during the year, and this amount was considered to be relatively small, what account would be adjusted to correct the overcosting? raw material...

The Jacksonville Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and...

Use the following information for question 1 to 4 The following information has been from the cost records of Master Corporation for the past year. Raw material used in production P 326,000 Total...

Weighted-average costs per equivalent unit are $2.10 fordirect materials and $3.05 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completedand...

Weighted - average costs per equivalent unit are $ 4 . 0 0 for direct materials and $ 4 . 0 0 for conversion. There are no transferred - in costs and no spoilage. What is the cost of goods completed...

Weighted - average costs per equivalent unit are $ 3 . 5 0 for direct materials and $ 3 . 7 5 for conversion. There are no transferred - in costs and no spoilage. What is the cost of goods completed...

Weighted-average costs per equivalent unit are $2.30 fordirect materials and $3.15 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completedand...

Cost per equivalent unit is $3.20 for materials and $3.60 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed if 17,500 units are completed and...

PLEASEE HELPP Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August: 30,000 units 34,000...

Weighted-average costs per equivalent unit are $3,20 for direct materials and $3.60 for corversion. There are no transferred in costs and no spollage. What is the cost of goods completed and...

Repeat the analysis for the variance of the quantization error, carried out in section 6.4.2, for the decimation-in-frequency radix-2 FFTalgorithm. 2-25 A? (6.4.2) 12 12

How do the inputs control the outputs? How does the D input affect the Q output when the CLOCK input is low? How does the D input affect the Q output when the CLOCK input is high?

The surface S i s the box bounded b y the planes x = 1 , y = 5 , z = 4 , and the coordinate planes. I f F ( x , y , z ) = ( : e x s i n ( y ) , e x c o s ( y ) , y z 2 : ) then: S F * d S =

Consider the following scenarios and identify the incentive, opportunity, and rationalization that exist which would enable a person to commit fraud: a. A manager increases the value of inventory in...

Given an adjacency-list representation of a directed graph, how long does it take to compute the out-degree of every vertex? How long does it take to compute the in-degrees?

Assume at the beginning of 2020 the Village of Ashlawn Street and Highway Fund (a special revenue fund) has cash of $336,000 offset by assigned fund balance in the same amount. 1. During the year,...

The amount of time Y (in minutes) that a commuter train is late is a continuous random variable with probability density a. Find the value of c for this probability distribution. b. Find the...

Williams-Santana Inc. is a manufacturer of high-tech industrial parts that was started in 2007 by two talented engineers with little business training. In 2021, the company was acquired by one of its...

Question 61 (1 point) Which of the following is a characteristic of the Cornell method of notetaking? A main idea is circled at the center of the page. O A wide margin should be kept on the left-hand...

Data for Rocastle Company are presented in P17-7B. Further analysis reveals the following. 1. Accounts payable pertains to merchandise creditors. 2. All operating expenses except for depreciation are...

The following was published with the financial statements to American Exploration Company. AMERICAN EXPLORATION COMPANY Notes to the Financial Statements Property, Plant, and EquipmentThe Company...

Example 3.15: Ratio of statistical weights Consider a single -particle trapped within a sphere of radius a representing a nucleus. In the Coulomb region r > a the potential barrier falls off as V =...

25.8. Using the table presented in Section 25.2.3, make an argument against the use of assembler language based on the functionality delivered per statement of code. Again referring to the table,...

25.7. Compute the function point value for a project with the following information domain characteristics: Number of user inputs: 32 Number of user outputs: 60 Number of user inquiries: 24 Number of...