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Pet products manufactures dry dog food. The following information pertains to the month of feb.
Beginning WIP 5,000 lbs
started production 6,000
completed 4,000
End work in process 7,000( 60% complete as to materials,40% complete as to conversion costs)
Cost in beginning WIP
Direct marerial 10,000
conversion cost 2,460
Cost incurred during feb
direct material 5,990
conversion cost 4,000
Pet products usus a process system to value itsinventories
A. Compute the cost per equivalent unit of materials
B. Compute the cost per equivalennt for conversion
C. Compute the value of ending WIP
D. Compute the value of the units completed.
Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for $562,613.This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Hrabik uses the effective-inter..
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