Barnett company uses the weighted-average method in

Assignment Help Accounting Basics

Reference no: EM13481943

Barnett Company uses the weighted-average method in itsprocess costing system. The company adds materials t thebeginning of the process in Department M. Conversion costsere 75% complete with respect to the 4,000 units in work in processat May 1 and 50% complete with respect to the 6,000 units in workin process at May 31. During May, 12,000 units were completedand transferred to the next department. an analysis of thecosts relating to work in process at May 1 and to productionactivity for May follows:

Materials Conversion

Work in process5/1.......................$13,800 $3,740

Costs added duringMay................$42,000 $26,260

The total cost per equivalent unit for May was:

Reference no: EM13481943

Questions Cloud

Hurlex company produces a single product last yarhurlex : hurlex company produces a single product. last yarhurlex manufactured 15000 units and sold 12000 units. production

Calculate debt-equity ratio fixed assets to total assets : q no.1-nbspfrom the following you are required to comment a upon the long term as well as short term solvency of the

What is the actual wage rate per hour compute the labor : a popular product of loring glassworks is a hand-decorated vase. the companys standard cost system calls for .75 hours

Compute 2 breakeven point in units of product 2 even point : a company produces only one product. normal capacity is 0000 units per year and the unit sales price is rs.5 relevant

Barnett company uses the weighted-average method in : barnett company uses the weighted-average method in itsprocess costing system. the company adds materials t

Prepare regal flair enterprisess responsibility income : regal flair enterprise has two product lines jewelry and womensapparel. cost and revenue data for each product line for

Classify the following costs as either product : classify the following costs as either product inventoriable costs or period non inventoriable costs in a manufacturing

What type of company would use a process costing system : what type of company would use a process costing system? what about a job-order costing system? provide two examples

Prepare the production schedule in units for safen bright : safe n bright inc. produces outside doors for installation on homes. the following information was gathered to prepare

User Account

All Pages