At the start of november penco refinery had work in process

Assignment Help Accounting Basics

Reference no: EM13585644

At the start of November, Penco Refinery had Work in Process inventory consisting of 4,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to conversion costs. The cost of the units was $43,000 ($30,000 of material cost and $13,000 of labor and overhead). During November, the company started 44,000 units and incurred $421,990 of material cost and $394,880 of labor and overhead. The company completed 45,000 units during the month, and 3,000 units were in process at the end of November. The units in ending Work in Process were 85 percent complete with respect to materials and 45 percent complete with respect to conversion costs.

Calculate the cost per equivalent unit for materials and conversion costs.
Calculate the cost of items completed during November.
Calculate the cost of ending Work in Process.

Reference no: EM13585644

Questions Cloud

Selected accounts included in the property plant and : selected accounts included in the property plant and equipment section of lobo corporationu2019s balance sheet at

How would you determine whether professional labor costs or : the walliston group wg provides tax advice to multinational firms. wg charges clients for a direct professional time at

Jane castle and sean are dissolving their partnershiptheir : jane castle and sean are dissolving their partnership.their partnership agreement allocates each partner and equal

The propeller of a light plane has a length of 1752 m and a : the propeller of a light plane has a length of 1.752 m and a mass of 19.96 kg. the rotational energy of the propeller

At the start of november penco refinery had work in process : at the start of november penco refinery had work in process inventory consisting of 4000 units that were 90 percent

Research the history of process costing in the united : name two reasons why overhead might be under-applied in a given year and how this might be able to be prevented? what

Cerrone inc has provided the following data for the month : cerrone inc. has provided the following data for the month of july. the balance in the finished goods inventory account

On january 1 chevon corporation had 98000 sharesnbspnbspof : on january 1 chevon corporation had 98000 sharesnbspnbspof no-par common stock issued and outstanding. the stock has a

A golf ball with mass 4590 g and diameter 4260 mm is struck : a golf ball with mass 45.90 g and diameter 42.60 mm is struck such that it moves and rotates with a frequency of 3081

User Account

All Pages