User Account

All Pages

Calculate the equivalent units and costs per equivalent unit

Assignment Help Managerial Accounting
Reference no: EM132814722

Question - Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August:

Work-in-process inventory, August 1 Conversion: 70% complete 33,000unitsWork-in-process inventory, August 31 Conversion: 50% complete 26,000unitsUnits started 67,000 Units completed and transferred out ? Costs Work-in-process inventory, August 1 Material X$59,300 Material Y 86,000 Conversion 119,850 Costs added during August Material X 152,800 Material Y 195,200 Conversion 219,450

Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 60% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method.

Required -

1. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department.

2. Calculate the cost of units transferred out.

3. Calculate the cost of the ending Work-in-Process Inventory.

Reference no: EM132814722

Questions Cloud

How much cash reward would ms bae receive : If the government destroyed the goods seized because these are regarded as harmful to health, how much cash reward would Ms. Bae receive?
Reflect what behaviors made it ineffective or effective : Have you ever witnessed ineffective vs. effective delegation while you've been at a job? In a short paragraph, describe the situation and reflect what behaviors
How much is the final income tax : The other half through the Philippine Stock Exchange for P950,000, inclusive of the broker's fee of P50,000. How much is the final income tax?
Concentration area of change management : For this discussion the focus is related to the concentration area of change management. View the video "Change Management - Change" by Learn and Gain (5:36 min
Calculate the equivalent units and costs per equivalent unit : Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department
Which would be subject to self-employment tax for a farmer : Which would be subject to self-employment tax for a farmer? Gains on the sale of livestock held for breeding. / Gains on the sale of farmland.
Determine the annual mortgage payment : Determine the annual mortgage payment and fill in an amortization schedule as shown below for the first three years and the last two years
What would be an appropriate plan of care : What would be an appropriate plan of care be for Mrs. Adams? How would you prioritize the care plan? Apply Nightingale's Environmental Theory to an area.
What are airbnb resources and capabilities : What are Airbnb's resources and capabilities? Using the value chain analysis or resource-based analysis.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How many dozens of ears of corn must corny and sweet sell

$3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00. How many dozens of ears of corn must Corny and Sweet sell to breakeven?

  Develop the cash budget for the company

Develop the Cash Budget for the company. Explain all the necessary information needed and budgets to complete the Cash Budget for the company.

  Calculate the net present value of the investment assuming

Calculate the net present value of the investment assuming the company has a required rate of return of 14 percent. Should the company invest in the new limousine?

  Classification of cost what are the ways in which cost be

what are the ways in which cost be be classified to suit management needs.give examples of the

  Prepare the necessary general journal entry for june

Prepare the necessary general journal entry for June 16, purchased merchandise having a price of $6,000 from the Shelby Manufacturing Co

  Build a table showing the cash flows in each year of project

The new machine will result, Watson's cost of capital is 10%. Build a table showing the cash flows in each year of the project and compute the NPV.

  Compute present value of cash inflows for each investment

Each investment opportunity will require the same initial investment. Compute the present value of cash inflows for each investment using an 8% discount rate

  What will be the effect on abc corporation profit next year

If the Department Division is eliminated, $1,600,000, What will be the effect on ABC corporation profit next year if Consumer Division is eliminated?

  What was the net markdown percent for november

For the month of November, the Pepe Department Store had net sales of $8400.00 and markdowns of $272.00. What was the NMD% for November?

  Determine the material price variance

Determine the material price variance and the material quantity variance, and record the related journal entries for May.

  Write a researched history of the artist

ENG130 Literature and Composition - Write a researched history of the artist and the artwork and create a Descriptive Poem that uses imagery to describe

  Compute the unit manufacturing costs of the Complex products

Compute the unit manufacturing costs of the Complex and Simple products if the expected manufacturing volume is attained

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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