Solution-Calculate number of equivalent units for direct

Calculate number of equivalent units for direct materials

Assignment Help Accounting Basics

Reference no: EM132828805

Problem - Washington State Fisheries, Inc., processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow:

	Tons of Salmon	Percent Completed
	Tons of Salmon	Direct Materials	Conversion
Work-in-process inventory, May 1	1,220	80%	70%
Work-in-Process inventory, May 31	2,940	50%	30%
Started processing during May	11,900

Required -

1. Calculate the number of tons completed and transferred out during the month.

2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method.

3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%?

Reference no: EM132828805

Questions Cloud

Compare behavior of low credibility leader : Compare the behavior of a Low Credibility Leader versus the High Credibility Leader in the workplace.

Identify the key actors involved in making the policy : Describe the selected police policy. Identify the key actors involved in making the policy.

Calculate the number of canoes that Sandy Bank must sell : Sandy Bank, Inc., makes one model of wooden canoe. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit

What is pension expense for the year : Assume the net pension expense for 2018, not including the amortization of the net gain component, is $339,000. What is pension expense for the year

Calculate number of equivalent units for direct materials : Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses weighted-average method

Devising a network management plan : Devising a Network Management Plan and Security Plan for HandMade Furniture Ltd - A decision has been made to upgrade the company Internet

Build a model of the petrol station : Determine the change in performance due to an investment in either an additional petrol pump or an additional payment till. Use the performance measures

Explain four leadership characteristics : List and briefly describe at least four leadership characteristics that in your opinion will be critical for a manager working within the travel and tourism sec

ES985 Operations Strategy for Industry Assignment : ES985 Operations Strategy for Industry Assignment Help and Solution, University of Warwick - Assessment Writing Service - Compare and contrast the operations

User Account

All Pages

Calculate number of equivalent units for direct materials

Reference no: EM132828805

Reference no: EM132828805

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT