The costs per equivalent unit of direct materials and conversion in the Filling Department of Satin Skin
Question:
The costs per equivalent unit of direct materials and conversion in the Filling Department of Satin Skin Lotion Company are $0.45 and $0.10, respectively. The equivalent units to be assigned costs are as follows:
The beginning work in process inventory had a cost of $13,000. Determine the cost of completed and transferred-out production and the ending work in processinventory.
Transcribed Image Text:
Equivalent Units Direct Materials Conversion Inventory in process, beginning of period Started and completed during the Transferred out of Filling (completed) Inventory in process, end of period 461,000 468,500 4,750 473,250 461,000 461,000 19,000 480,000 Total units to be assigned costs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
Inventory in process balance Inventory in process beginning of period Cost of completed beginni...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Managerial Accounting questions
-
The cost per equivalent unit of direct materials and conversion in the Rolling Department of Mohawk Valley Steel Company is $58.50 and $11.60, respectively. The equivalent units to be assigned costs...
-
The Filling Department of Satin Skin Lotion Company had 25,000 ounces in beginning work in process inventory (70% complete). During the period, 486,000 ounces were completed. The ending work in...
-
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Keystone Steel Company are $ 60 and $ 10, respectively. The equivalent units to be assigned costs are as...
-
There are three mutually exclusive projects, where the basic information is provided below. Assume a DN alternative does not exist. Initial Cost Annual net profit Useful Life Salvage value A $25,000...
-
In the article "Correlates for Completion of 3-dose Regimen of HPV Vaccine in Female Members of a Managed Care Organization" (Mayo Clinical Proceedings, Vol. 84, pp. 864- 870), C. Chao et al....
-
What value propositions is ChatGPT a substitute for? What do you think so provide your thoughts?
-
For each of the following variables, identify whether you could use a pie chart, bar chart, histogram, or frequency polygon to visually display the data: a. Gender (male, female) b. Weight (in...
-
The following is a list of controls (numbered 1 through 7 below) typically implemented in the revenue cycle. a. For each control identified, briefly indicate the financial misstatement that could...
-
This house is new and how to set up the network in this house? CLOSET BATH 3 CLOS MASTER BATH SITTING 8'6"X7'0" BALCONY 10'4"x5'8" MASTER WARDROBE MASTER SUITE 18'0"x14'0" UTILITY LIFT DEN...
-
The three-station work cell at Pullman Mfg., Inc. is illustrated in figure S7.8. It has two machines at station 1 in parallel (i.e., the product needs to go through only one of the two machines...
-
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Atlas Steel Company are $54 and $13, respectively. The equivalent units to be assigned costs are as...
-
The cost of materials transferred into the Rolling Department of Atlas Steel Company is $4,654,800 from the Casting Department. The conversion cost for the period in the Rolling Department is...
-
Assume that the initial contents of the 74ALS164 register in Figure 7-74(a) are 00000000. Determine the sequence of states as clock pulses are applied. Figure 7-74(a) A B& nnn CP MR 74ALS164 Qo Q Q...
-
What is your opinion of the UCC exceptions to general contract law?
-
Discuss mutuality of consideration with respect to your contract with your school.
-
Please answer the following three questions: (a) Jacks business has a financial year end of 31 May. He bought an item of plant for 225,000 on 1 June 2022 and estimated its useful life to be six years...
-
Draft an offer that is capable of being accepted by a specified class.
-
What makes particular situations or social circles unconducive to the recognition of opportunities?
-
What is the advantage of a multifactor model over a single factor model?
-
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
-
Suppose you are asked to redo Figure 9.10. Provide a list of type designs, including typeface, form, and size, that you will use for the four classes of cities. Major Cities in Idaho Coeur d'Alene...
-
(EPS with Stock Dividend and Extraordinary Items) Agassi Corporation is preparing the comparative financial statements to be included in the annual report to stockholders. Agassi employs a fiscal...
-
Explain the difference between pretax financial income and taxable income.
-
Explain the difference between pretax financial income and taxable income.
-
What is Fibonacci heap? Explain CONSOLIDATE operation with suitable example for Fibonacci heap ?
-
Discuss the impact of global supply chain disruptions, exacerbated by events like the COVID-19 pandemic, on inventory management strategies and market resilience across various industries?
-
A pharmaceutical retailer decided to host a website for home delivery of medicines according to user orders. The web application is deployed on a single Amazon EC2 instances. within a few months, the...
Study smarter with the SolutionInn App