Question: Zink Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per equivalent

Zink Company uses the weighted average method for process costing. The cost

Zink Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per equivalent unit for conversion cost is $3.00. The company completed and transferred out is 40,000 units. The equivalent units of ending work-in-process for materials is an additional 3,000 units, for conversion is an additional 2,000 units. What is the total cost accounting for conversion?

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!

Buckman Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per equivalent unit for conversion costs is $3.00. The...

Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $5.00 this period. It had 22,200 equivalent units for direct materials....

Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $6.00 this period, and it had 22,000 equivalent units for direct materials....

Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $4.00 this period. It had 25,000 equivalent units for direct materials....

Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $4.00 this period, and it had 22,000 equivalent units for direct materials....

Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $4.00 this period, and it had 23,000 equivalent units for direct materials....

Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $6.00 this period, and it had 22,000 equivalent units for direct materials....

Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $5.00 this period, and it had 26,000 equivalent units for direct materials....

Every unit that passes through the production process must have been counted in which category of physical units at some point? O Units started Ending units in inventory O Beginning units in...

Suppose Titon Sports uses the weighted average method. What is the conversion cost per equivalent unit during March? Group of answer choices $1.72 $1.59 $1.46 $1.9 Titon Sports, which produces...

If X has a geometric distribution with parameter p = 0.7. calculate: (a) P(X = 4) (b) P(X = 1) (c) P(X 8)

A. Put the demand and supply curves together (at the original productivity and wages). Even though she is the only cheesecake maker, Helen acts as if she is in a perfectly competitive market. How...

Find the derivative o f the vector function r ( t ) = l n ( 2 0 - t 2 ) i + 1 5 + t 2 j - 9 e 4 t k

At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was...

Currently, the unit selling price of a product is $1,500, the unit variable cost is $1,200, and the total fixed costs are $4,500,000. A proposal is being evaluated to increase the unit selling price...

For the current year ended October 31, Friedman Company expects fixed costs of $14,300,000, a unit variable cost of $250, and a unit selling price of $380. A. Compute the anticipated break-even sales...

Prepare a physical DFD based on the output from Problem 4-4. Use Microsoft Visio or other diagraming software.

Bigelow Inc. sells a product for $1,200 per unit. The variable cost is $816 per unit, while fixed costs are $3,120,000. Determine (A) The break-even point in sales units (B) The break-even point if...

Monthly payments to the value of R 6 2 , 5 0 0 Are processed by the finance department. Currently the financial institution pays 8 . 2 5 % annually on debit cash balances while the cost per...

Changes in stock prices the supply of money and commercial bank reserves.

The transfer of funds by savers from checking accounts to saving accounts M1 and M2.

An increase in security purchases (open market operations by the Fed) implies in the money supply.