Calculate the equivalent units of production for July

Assignment Help Accounting Basics
Reference no: EM132751730

Question - Jelly Products work in process T account for July month is:

Work In process Debit side:

Inventory Jul 1: 63,700

Materials 397,600

Conversion 187,600

What is the ending Inventory for July?

How many units were completed and transferred to the next department?

The July 1 work in process inventory consisted of 35,000 pounds with $43,400 in materials cost and $20,300 in conversion cost.

The July Work in process was 100% complete with respect to materials and with respect to conversion was 80% complete.

During July, 280,000 were started into production.

The July 31 inventory consisted of 45,000 pounds that were 100% complete with respect to Materials and 60% complete with respect to conversion.

The company uses the weighted average method to account for units and costs.

Calculate the equivalent units of production for July.

Reference no: EM132751730

Questions Cloud

Transportation logistics management : Why is the transportation industry cyclical in nature?
How many Euros is needed to buy one US dollar : If one Australian dollar can buy 0.5 Euros and a US dollar costs 1.4 Australian dollars, how many Euros is needed to buy one US dollar?
What was the company days outstanding in inventory : Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 10.0. What was the company's Days Outstanding in Inventory.
Identifying hazmat generators : You are introduced to different ways of identifying hazmat generators. Define the four (4) different generators and analyze them.
Calculate the equivalent units of production for July : During July, 280,000 were started into production. Calculate the equivalent units of production for July
What amount before income taxes should be reported : What amount, before income taxes, should be reported in the 20x9 retained earnings statement as the cumulative effect of the change in accounting principle?
Compare the adult justice with the juvenile justice system : Compare the adult justice system with the juvenile justice system. Discuss how they are similar and how they are different. 300-450 words.
Covering the management of it security facilities : Build your knowledge and critical evaluation of computer forensics investigations. To pass the coursework you must demonstrate your understanding of the practic
Prepare end of the month application General Journal entry : During the month of February 2017, Job A-1 incurred direct labor of 800 hours. Prepare end of the month application General Journal entry

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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