Calculating equivalent units for conversion costs

Assignment Help Accounting Basics

Reference no: EM13141122

Hill Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were:

Materials costs $9,100 -- 80% complete

Conversion costs $5,400 -- 25% complete

A total of 7,000 units were started, and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs $96,700

Conversion costs $180,700

The ending inventory was 80% completed for materials and 80% completed for conversion costs.

Required: Calculate the equivalent units for conversion costs for the month in the first processing department.

Reference no: EM13141122

Questions Cloud

Payment for the geological report : J. Larson & Company purchased the right to extract ore from a mineral deposit by paying $50,000 in cash and signing a $200,000 promissory note.

Essay about huichol culture, religion and medicine. : essay about huichol culture, religion and medicine.

What is the tragedy of the commons : 1. What were the problems in the Pacific halibut fishery, and how were they resolved? 2. Under what conditions will a natural area receive protection? 3. Compare the concept of ecosystem capital with that of natural resources.

Restrictions of the internal control system : Identify the limitation of the internal control system. Provide at least 3 limitations. Provide at least 2 examples of internal control procedures and explain how these procedures can be implemnted. Identify symptoms of a lack of internal control.

Calculating equivalent units for conversion costs : Calculate the equivalent units for conversion costs for the month in the first processing department.

Which one of the following is not a good strategy : Which one of the following is not a good strategy for increasing the surface area of an object relative to the volume? A. increase the amount of branching B.increase the amount of folding C. make flatter D. enlarge and make more spherical E None o..

" a healing school for homeless children" : How effective is Marybeth's refutation in " A Healing school for homeless children"

What was the original concentration in the sample : plating .1ml of a sample diluted by a factor of 10^-3 produced 43 colonies. what was the original concentration in the sample?

Which of the following has the smallest mass : Which of the following has the smallest mass? a. 3.50 x 1023 molecules of I2

User Account

All Pages