User Account

All Pages

Compute the average cost per eup for material b

Assignment Help Accounting Basics
Reference no: EM132826393

Started this cycle 2,000 units

Beginning Inventory (30% complete to Material B and 60% complete for conversion) 700 units

Ending Inventory (50% complete to Material B and 80% complete for conversion) 500 units

Beginning inventory Cost:

Material A 14,270

Material B 5,950

Conversion 5,640

Current Period Cost:

Material A 40,000

Material B 70,000

Conversion 98,100

Material A is added at the start of production, while material B is added uniformly throughout the process.

Problem 1: Assuming a weighted average method of process costing, compute EUP units for Material A and B.

a. 2,700 and 2,280, respectively

b. 2,000 and 2,240, respectively

c. 2,700 and 2,450, respectively

d. 2,240 and 2,700, respectively

Problem 2: Assuming a weighted average method of process costing, compute the average cost per unit for Material A.

a. P20.10

b. P20.00

c. P31.25

d. P31.00

Problem 3: Assuming a FIFO method of process costing, compute EUP for conversion.

a. 2,240

b. 2,180

c. 2,280

d. 2,700

Problem 4: Assuming a FIFO method of process costing, compute the average cost per EUP for Material B.

a. P20.10

b. P20.00

c. P31.25

d. P31.00

Reference no: EM132826393

Questions Cloud

Measuring effective employee perception : What experiences can you share around measuring effective employee perception.
What is the conversion cost of normal spoilage : What is the conversion cost of normal spoilage? (FIFO and Average Method respectively). units completed and transferred out 1,700 units
Define descriptive statistic and inferential statistic : Define descriptive statistic and inferential statistic. Explain each of the statistic and give example.  2. With your own word, what do you understand the function of statistic?
Foundation of an organization corporate culture : How does the culture of an organization come about, and how do ethics and values shape the culture of an organization? Is it possible to change the culture
Compute the average cost per eup for material b : Assuming a FIFO method of process costing, compute the average cost per EUP for Material B. Ending Inventory (50% complete to Material B and 80% complete)
Explain the company mission and vision statement : Do a research of a company that has posted its mission and vision statement online and include the following in your finding:
Examine organizational culture : The two ways you can think about and examine organizational culture are:
Explain how switching from one strategic position : Explain how switching from one strategic position to another affects a firm's value chain.
How many total rating points are delivered in chicago : -If your media plan delivers 250 household rating points on national television and 100 household rating points on Chicago television stations

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the total effect of the errors on the balance

Compute the total effect of the errors on the balance of Sheridan's retained earnings at December 31, 2018. Compute total effect of errors on 2018 net income

  How much must be deposited on January

How much must be deposited on January 1, 2014 in a savings account paying 6% annually in order to make annual withdrawals of $30,000

  Weber co uses the retail inventory method to estimate its

weber co. uses the retail inventory method to estimate its inventory for interim statement purposes. data relating to

  Determine how often the company should order

The Gilette Company buys a product using the price schedule given in the file P12_32.xlsx. The company estimates the unit holding cost at 10% of the purchase price and the ordering cost at $100 per order. Gilette's annual demand is 1500 units.

  Calculate the net realizable value of the receivables

Bagsy Co. has an accounts receivable balance of $350,000. It estimates that $70,000 will be uncollectible. Calculate the net realizable value of the receivables

  Prepare a presentation for the great salad oil swindle

Prepare a presentation McKesson & Robbins, The Great Salad Oil Swindle, Equity Funding, Cendant Corporation, ZZZZ Best, Sunbeam Corporation

  Prepare the entry that opie should record on september

Prepare the entry that Opie should record on September 1, 2014. Then, assuming that the price of PET is $.72 on December 31, 2014.

  How much is willing to pay for the investment

Flaherty is considering an investment that, If Flaherty demands a 9% return, how much is she willing to pay for this investment.

  The ability of one partner to enter into a contract

The ability of one partner to enter into a contract binding all other partners is termed:

  What was the variable overhead spending variance for august

standard variable costs relating to a single kit are given below standard quantity standard price standard or hours or

  During its most recent fiscal year simon enterprises sold

during its most recent fiscal year simon enterprises sold 310000 electric screwdrivers at a price of 18.30 each. fixed

  Cause a higher valued harvest

Interpret the slope coefficient. Do more fishers cause a higher valued harvest? Suggest alternative explanations.

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