Completed units and units in ending inventory

Assignment Help Financial Accounting

Reference no: EM13751780

Cost per equivalent unit

Direct material = $4.00

Conversion = $2.00

Units completed = 50,000

Units in ending working process inventory = 20,000 (100% complete for direct material, and 40% complete for conversion).

Compute the total cost allocated to

1. Completed units

2. Units in ending inventory

Reference no: EM13751780

Questions Cloud

Amount of cash proceeds from the issuance of the bonds : Wishaw, Inc. produces and sells outdoor equipment. On July 1, 2014, Wishaw, Inc. issued $150,000,000 of 20-year, 12% bonds at a market (effective) interest rate of 9%, receiving cash of $191,403,720. Journalize the entry to record teh amount of cash..

Prepare a net operating loss schedule : Prepare a net operating loss schedule. Prepare the journal entries for the years 2013-2015 to record income tax expense, income tax payable (refundable), and the tax effects of the loss carry back and loss carry forward.

Invest now to earn this rate of return : Lloyd Company earns 6% on an investment that will return $450,000 eight years from now. What is the amount Lloyd should invest now to earn this rate of return, rounded to whole dollars

Present value of the retreading operation : Mark Barton owns a garage and is contemplating purchasing a tire retreading machine for $18,000. After estimating costs and revenues, Mark projects a net cash inflow from the retreading machine of $3,200 annually for 8 years.

Completed units and units in ending inventory : Units in ending working process inventory = 20,000 (100% complete for direct material, and 40% complete for conversion).

Internal auditor with expertise-experience in their business : In determining the adequacy of IT controls, which of the following is not applicable. What is the primary benefit of having an internal auditor with expertise and experience in their business?. What is a way management can gain assurance over control..

Depreciation expense effect the accounting equation : How will the failure to make the appropriate adjusting entry to record depreciation expense effect the accounting equation?

Calculate the unit cost for conversion : Can someone assist with this question? I've checked up and down, but can't figure out how to get the correct answers for unit cost on this. I keep second guessing myself and the numbers are all different.

Determine the gross income of the beneficiaries : Determine the gross income of the beneficiaries in the following cases: Justin's employer was downsizing and offered employees an amount equal to one year's salary if the employee would voluntarily retire.

User Account

All Pages