Reference no: EM131777099
Question - Chang's Office Furniture manufactures office furniture be using an assembly-line process. All direct materials are introduced at the start of the process, and conversion cost is incurred evenly throughou manufacturing. An examination of the company's work-in-process account for August revealed the following select information:
August 1 balances 900 units, 30% complete
Value of beginning inventory $133,800*
Production started in Aug 2,700 units
Direct Materials used during Aug $270,000
Aug conversion cost $154,200
Production completed 2,100 units
Supplementary records disclosed direct materials cost of $90,000 and conversion cost of 43,800
Conversations with manufacturing personnel revealed that the ending work in process was 80% complete.
a. Determine the number of units in the Aug 31 WIP inventory.
b. Calculate the total equivalent units with respect to conversion.
c. Calculate the cost per equivalent unit with respect to conversion in Aug.
d. Determine the cost of the Aug 31 WIP inventory.
What is the main objective of bank reconciliation
: What are the two methods of estimating bad debts. How are these methods different? What is the main objective of bank reconciliation
|
Inventory turnover for the year
: The inventory balance at the beginning of the year was $199,000. If the cost of goods sold for the year was $472,000, then the inventory turnover for the year.
|
Company average sale period was closest
: The beginning inventory balance was $48,000 and the ending inventory balance was $50,000. The company's average sale period was closest to?
|
How the marx and heidegger articles set the stage
: The paper need to discuss how the Marx(reading1)and Heidegger(reading2) articles set the stage and then permeated the rest of the discussion.
|
Calculate total equivalent units with respect to conversion
: Chang's Office Furniture manufactures office furniture be using an assembly-line process. Calculate the total equivalent units with respect to conversion
|
Briefly describe the kinds of policy preferences
: Identify a solution that the business community appears to favor for the current annual budget deficit in the US. For example, in the area of health care.
|
How can the processes be modified to better meet these needs
: Are the right triggers and performance measurements in place for event notification and monitoring of project and existing operational investments?
|
Company current ratio is closest
: Feiler Corporation has total current assets of $523,000, total current liabilities of $387,000, total stockholders' equity of $1,097,000, total net plant
|
Inventory and prepaid expenses
: Dennisport Corporation has an acid-test ratio of 2.9. It has current liabilities of $59,000 and noncurrent assets of $90,000.
|