Calculate the average cost per equivalent unit

Assignment Help Accounting Basics
Reference no: EM133118494

Question - Assume Eames Company uses a process costing system based on the weighted average method. Eames' accountant produces the following equivalent unit calculations for the month of November:

Also, assume that the beginning inventory had accumulated $15,500 of materials and $9,600 of conversion costs in the previous month. During the month of November, current costs included $157,460 of materials and $193,335 of conversion costs.

Calculate the average cost per equivalent unit for materials for the month of November.

a. $0.13

b. $0.67

c. $6.85

d. $7.52

e. $8.34

Reference no: EM133118494

Questions Cloud

Calculate systematic risk before international : The BMW company is debating the impacts of international diversification of its operations on its capital structure and cost of capital. The firm is planning on
What will the impact of foxconn suicide incidents on apple : What will the impact of Foxconn's suicide incidents on Apple? What should Apple do to mitigate the impact
Interest rate on 5 year treasury bonds : Suppose a U.S. treasury bond will pay $2,500 five years from now. If the going interest rate on 5- year treasury bonds is 4.25%, how much is the bond worth toda
How much money will be in the account : How much money would you need to deposit today at 14.00% annual interest compounded monthly to have $17,192 in the account after 15 years?
Calculate the average cost per equivalent unit : Current costs included $157,460 of materials and $193,335 of conversion costs. Calculate the average cost per equivalent unit for materials for November
Demonstrate your skills to potential employers : Example of your analysis using the Communication Model and example of your application of the 3P Model - Create your Portfolio Using Google Sites
Prepare a pareto chart : Customer returns are a problem in the Alert Company. The company sells battery operated emergency weather alert radios. Prepare a Pareto Chart
What is the accounts receivable cycle : Question - What is the accounts receivable cycle? Why is this task especially important for health care organizations
Discuss the structure and function of the embryonic disk : Describe the ectoderm, mesoderm, and endoderm and their associated structures. Discuss the structure and function of the embryonic disk.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Structuring a make-or-buy problem fresh foods a large

structuring a make-or-buy problem fresh foods a large restaurant chain needed to determine if it would be cheaper to

  What is the amount of profit on the sale

What is the amount of profit on the sale and the interest income that Koenig would record for the year ended December 31, 2018?

  What are some of the limitations of the payback method

What are some of the limitations of the payback method and how are these addressed by the net present value (NPV) method?

  Compute the assets as of the beginning of the period

If the liabilities as of the beginning of the period were $109,000, compute the assets as of the beginning of the period

  Is peggy smith an employee of rose auto repairs ltd

Is Peggy Smith an employee of Rose's Auto Repairs Ltd. or is she a self-employed contractor? List all of the factors that lead you to your conclusion

  Prepare an appropriate inventory record for Product

Tamworth Trading Ltd is a company operating in the retail sector. Prepare an appropriate inventory record for Product EF5089 for June

  Calculate the basic earnings per share

Calculate the basic earnings per share and the diluted earnings per share which must be disclosed in the financial statements of Namshare

  Recognized the expired rent for the office building

Recognized the expired rent for the office building for the year.

  What is a contra account

If an adjusting entry for accrued revenues of $200 at year-end is omitted, what is this error's effect on the year-end income statement and balance sheet?

  How your company applies compensation practice

Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

  Why would the drug maker want to stymie generic competition

Why would the drug maker want to stymie generic competition? Explain.What types of legal barriers to market entry exist? Conduct a comparative analysis of firm

  Prepare all ratio analysis for apple inc

You need to prepare all ratio analysis for Apple, Inc and one other company.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd