User Account

All Pages

Calculate the unit cost

Assignment Help Accounting Basics
Reference no: EM132700057

Problem - During April, the grinding department of Tranx Inc. completed and transferred out 315,000 units. At the end of April, there were 112,500 units in process, 60% complete. Tranx incurred manufacturing costs totaling $2,295,000.

Required -

1. Calculate the unit cost.

2. Calculate the cost of goods transferred out and the cost of EWIP.

Reference no: EM132700057

Questions Cloud

Assess the role of Health care information : Analyse legal, ethical and social equity principles surrounding the use of ICT for health and Evaluate the ways that systems, infrastructure and resources
Determine the correct inventory amount on december : Determine the correct inventory amount on December 31. Sheridan shipped goods costing $31,400 to Sorci Company, FOB shipping point, on December 28.
What are key ways that people exercise poor judgement : Based on your readings, what are the key ways that people exercise poor judgement and make false inferences in the workplace?
What are executory contracts : What are executory contracts and how are they treated under the IASB Framework recognition criteria for assets? What proprietary theory vs entity theory?
Calculate the unit cost : During April, the grinding department of Tranx Inc. completed and transferred out 315,000 units. Calculate the unit cost
What mindsets and emotions are associated with wellbeing : Identify and discuss your first main take-away from this week and explain how it adds value to your knowledge base.
Describe the severity classifications of asthma : Name and describe the severity classifications of asthma. What are the clinical manifestations of otitis media and why is om common in the pediatric population?
What is the impact of perception in the workplace : What is the impact of beliefs in the workplace? What is the impact of attitudes in the workplace?
Describe an effective leadership approach : Describe an effective leadership approach from a biblical perspective include the following:

Reviews

Write a Review

Accounting Basics Questions & Answers

  City of sharpesburg-library book permanent fund

Prepare a separate Statement of Revenues, Expenditures, and Changes in Fund Balances for the Library Book Permanent Fund for the Year Ended December 31, 2012.

  Accounting engagement for acme company

CPA Smith completed an accounting engagement for the ACME Company on December 20, 20X1, and sent ACME a bill for $5,000 which ACME paid on January 25, 20X2. CPA Smith uses the cash basis of accounting

  Compute the predetermined overhead rate

Compute the predetermined overhead rate using traditional costing with materials cost as the basis

  Assuming that the equipment is classified

Compute the amount of depreciation expense that is deductible under MACRS for 2013 and 2014, assuming that the equipment is classified as five year property.

  Prepare depreciation schedules using straight line method

Wania Company purchases a factory machine at a cost of $18,000 on January 1, 2017. Prepare depreciation schedules using straight line method

  Prepare the necessary adjusting journal entries required

The following details are taken from the accounting. Prepare the necessary adjusting journal entries required by items (a) to (l) (narrations are not required).

  Calculate increase in company profits if b company accepts

Calculate the increase in company profits if B company accepts the special order at a selling price of $70 per unit

  Find Robinson deferred income tax expense

During the year, Congress reduced the corporate tax rate from 34% to 21%. Find Robinson's deferred income tax expense or benefit for the current year

  It took a contractor 1285 hours to manufacture their first

it took a contractor 1285 hours to manufacture their first unit of an item. if the contractor expects to achieve a 92

  Presents the financial reports for lemonade stand business

Presents the financial reports for the Lemonade Stand Business. As part of your report include a journal, Income statement, and Balance Sheet.

  Analays a code of conduct for a company for its refrences

analays a code of conduct for a company for its refrences to fraudulent activities and disciplinary action. give an

  What is the interest expense and the amount of cash paid

US Steel issues a $2,000,000 bond at 10% for 8 years. What is the interest expense and the amount of cash paid the second interest payment

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