Compute the cost of the units transferred

Assignment Help Accounting Basics
Reference no: EM131814140

Applying Costs to Units-Weighted-Average Method

Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:

A total of 20,100 units were completed and transferred to the next processing department during the period.

Materials Conversion

Equivalent units of production in ending work in process $2000 $800

Cost per equivalent unit $13.86 $4.43

1. Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.

Reference no: EM131814140

Questions Cloud

What is the accountant estimate of total fixed costs : Lorenzo operates a brushless car wash. Incoming cars are put on an automatic, continuously moving conveyor belt. A car is washed as the conveyor belt carries.
Calculate the break-even point for this option : calculate the break-even point for this option and compute the total net profit/loss & the rate of return on the (option premium) investment.
Levels of corporate earnings before? taxes : Find the marginal tax rate for the following levels of corporate earnings before? taxes:
What are the future implications with affordable care act : Evaluate the social-cultural issues that are influencing adverse selection in insurance markets. What are the future implications with the Affordable Care Act?
Compute the cost of the units transferred : Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory
Calculate the proceeds of the bond issue : Prepare all journal entries for the issuance of the bonds, the interest payments, the early retirement and the payoff of the bonds of maturity
Identify the processes that are currently in place : Explain how the example you found relates to the environment and public health-both directly and indirectly.
Explain what ethical dilemma do marketing professionals face : Explain what ethical dilemmas do marketing professionals face in gathering information on customer bases through smartphones and social media?
What is donna monthly retirement income : What is Donna's monthly retirement income if her rate of return on assets during retirement is 4% and the inflation rate is 1%?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd