Assuming that the company uses the weighted-average method

Assignment Help Accounting Basics

Reference no: EM13600299

Zippy Company has a process costing system. Information about units processed and processing costs incurred during a recent month in the Refining Department follow:

number of units % completion
Beginning work in process inventory 12,000 25%
Units started into production 100,000
Units completed and transferred out 94,000
Ending work in process inventory 18,000 35%

The beginning work in process inventory had $10,946 of processing cost attached to it at the beginning of the month. During the month, the Department incurred an additional $289,954 in processing cost.

Assuming that the company uses the weighted-average method, what are the equivalent units for processing costs for the Department for the month?

Reference no: EM13600299

Questions Cloud

Gavin and alex baseball consultants are in need of a : gavin and alex baseball consultants are in need of a microcomputer network for their staff. they have received three

On june 15 2011 sanderson construction entered into a : on june 15 2011 sanderson construction entered into a long-term construction contract to build a baseball stadium in

Fallgatter inc expects to sell 18000 units each unit : fallgatter inc. expects to sell 18000 units. each unit requires 3 pounds of direct materials at 12 per pound and 2

Net income 15000 one short-term note 5000 all other : information is limited. profit margin on sales 5 return on assets 7.5 gross profit margin 40 inventory turnover ratio 6

Assuming that the company uses the weighted-average method : zippy company has a process costing system. information about units processed and processing costs incurred during a

Management would like to maintain a minimum cash balance of : management would like to maintain a minimum cash balance of at least 3000 at the end of each month. the company has an

In obtaining letters from attorneys bill milanos aim is to : in obtaining letters from attorneys bill milanos aim is to receive the letters as early as possible after the balance

The sweetwater candy company would like to buy a new : the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping

Oregon equipment company wants to develop a new : oregon equipment company wants to develop a new log-splitting machine for rural homeowners. market research has

User Account

All Pages