Solution-Beginning work in process and costs added in

Beginning work in process and costs added in november

Assignment Help Managerial Accounting

Reference no: EM13935660

Lindy Glitter uses a process costing system to track the production of the single product it makes in one department. At the start of November, there were 7,000 units in process that were 100 percent complete for direct material and 70 percent complete for conversion costs (labor and overhead).Lindy began the production of 83,000 units during the month. In ending Work in Process inventory, there were 2,000 units that were 100 percent complete for material and 80 percent complete for conversion costs.

612_259-B-M-A-P-C (1318).png

Required:

a. Calculate the cost per equivalent unit for each of the three cost item and in total.

b. Calculate the cost of the units completed in November and the cost of ending Work in Process inventory.

c. Reconcile the sum of the two costs in part b to the sum of beginning Work in Process and costs added in November

Reference no: EM13935660

Questions Cloud

Hr management team for authentic profit-seeking organisation : For this assessment, you need to assume that your group is the HR management team for an authentic profit-seeking organisation. Task is to develop a new 12 month Strategic HR plan for the organisation.

Describe the structure of a multi-cellular fungus : Describe the structure of a multi-cellular fungus. Identify the vegetative and reproductive portions of the fungus. Distinguish between sexual and asexual fungal spores. Give examples of each type of spore.

Program that creates a customised children''s story : Imagine you are writing a computer program that creates a customised children's story using names provided by the user of the program.

Discriminate between employees purely on the basis of gender : In all areas of HR practice, including determining pay levels, it is unlawful for Australian employers to discriminate between employees purely on the basis of gender. However, in Australia, aselsewhere, the gender pay gap persists.

Beginning work in process and costs added in november : Reconcile the sum of the two costs in part b to the sum of beginning Work in Process and costs added in November

List the characteristics of the phylum chordata : Although amphibians were the first animals to move onto dry land, they were still dependent on water for reproduction and lor respiration. What evolutionary adaptations allowed reptiles to become the first "true" land vertebrates?

Common features of internet search engines : If you had this citation for an article. Paul, D. L. (1999). Assessing technological barriers to telemedicine: Technology-management implications. IEEE Transactions on Engineering Management, 46(3) 279-289. What would you search to see if the libra..

Describe the business operation for the forecast : Describe the business operation you are considering for the forecast and scheduling of your expansion. What type of forecasting method would be appropriate for the company and the product or service selected? Why

Create a function named delitm() with a single parameter : Open dan.htm in the browser. Add an item to the cart, then click the View Cart button at the top of the page. View the contents of the shopping cart. Test the functionality for removing items from the cart by clicking the Remove Item link for the ..

User Account

All Pages

Beginning work in process and costs added in november

Reference no: EM13935660

Reference no: EM13935660

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT