Compute the cost of the ending work in process

Assignment Help Accounting Basics

Reference no: EM131822127

Question: Two Materials, Basic Process Costing The following data pertain to the blending department at Pennsylvania Chemicals for April:

The plastic compound is introduced at the start of the process, while the softening compound is added when the product reaches an 80% stage of completion. Conversion costs are incurred uniformly throughout the process. The ending work in process is 40% completed for conversion costs. None of the units in process reached the 80% stage of completion.

1. Compute the equivalent units and unit costs for April.

2. Compute the total cost of units completed and transferred to finished goods. Also compute the cost of the ending work in process.

Reference no: EM131822127

Questions Cloud

How much should keith bowie deposit today : How much should Keith Bowie deposit today in an account earning 6%, compounded annually, so that he will have enough money on hand in 2 years

Consider what instructional models : Consider what instructional models, methods, and strategies you may employ as an educator.

How do you measure and enforce the policy : How do you measure and enforce the policy? How did you determine the length of the policy? Justify the length of your policy.

Discuss the presentation and disclosure objectives : explain how it helps the auditor determine if there is sufficient appropriate evidence for each of the presentation and disclosure objectives

Compute the cost of the ending work in process : Compute the total cost of units completed and transferred to finished goods. Also compute the cost of the ending work in process.

Base value to develop a simple index : Use the january 2003 price as the base period and 100 as the base value to develop a simple index. By what percent has the cost of chicken increased?

Prepare the bottom portion of gocker income statement : Prepare the bottom portion of Gocker's 2011 income statement, beginning with "Income before income taxes and extraordinary item

Prepare journal entries to the first two installment payment : Tucki Co. receives $269,083 when it issues a $269,083. Prepare the journal entries to record the mortgage loan and the first two installment payments.

Present a summary of the cost of goods completed : Materials and Cartons in Basic Process Costing A Manchester, England, company manufactures and sells small portable digital voice recorders.

User Account

All Pages