Average method for inventory costs

Assignment Help Financial Accounting

Reference no: EM13912772

Medina Corp. uses the weighted average method for inventory costs and had the following information available for the year.

Beginning inventory of goods in process (40% complete, $1,100) 200 units

Ending inventory of goods in process (80% complete)……….. 400 units

Total units started during the year…………………………….. 3,200 units

Equivalent units of production for the year are ________

Reference no: EM13912772

Questions Cloud

Current liability : Which of the following accounts is NOT classified as a current liability?

Noncurrent liability : Which of the following is NOT classified as a noncurrent liability?

Inflation adjustments : adjustments this standard deduction has increased by $50 every three years. It is reasonable to expect this amount will increase to $1,100 in 2018, $1,150 in 2021, $1,200 in 2024, $1,250 in 2027 and $1,300 in 2030 due to inflation adjustments.

Write a pascal program cross-referencer which will produce : Write a Pascal program cross-referencer which will produce, for a given Pascal program, a list in alphabetical order, of all the identifiers used.

Average method for inventory costs : Medina Corp. uses the weighted average method for inventory costs and had the following information available for the year

Designing a mobile computing application : As using the GPS is battery consuming, the app should also be sensitive to battery levels and perhaps stop GPS based tracking or disallow tracking or warn the user if battery levels are too low - When a tracked path is saved, LTUPersonalLogger shou..

Force needed to drive the conveyor : Sand drops at the rate of 2000 kg/min. from the bottom of a hopper onto a belt conveyor moving horizontally at 250 m/min. Determine the force needed to drive the conveyor, neglecting friction.

A standard cost approach : A fast-food restaurant uses a standard cost approach to aid in controlling its food cost. The following are the standard cost, sales prices, and quantities sold of each of the five items featured on the menu during a particular week:

Money in the economy changed : While Jon is walking to school one morning, a helicopter flying overhead drops a $100 bill. Not knowing how to return it, Jon keeps the money and deposits it in his bank.After this initial transaction, by how much is the money in the economy changed.

User Account

All Pages