User Account

All Pages

Compute the equivalent units for the materials

Assignment Help Accounting Basics
Reference no: EM132724526

Question - The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day.

Beginning WIP inventory Direct materials $990

Conversion costs 392

Current period costs

Direct materials 16,770

Conversion costs 8,617

Quantity information is obtained from the manufacturing records and includes the following.

Beginning inventory 850 units (70% complete a to materials, 54% complete a to conversion)

Current period units started 4,800 units

Ending inventory 1,700units (50% complete a to materials, 20% complete a to conversion)

Required -

a. Compute the equivalent units for the materials and conversion cost calculations.

b. Compute the cost per equivalent unit for direct materials and conversion costs.

Reference no: EM132724526

Questions Cloud

What realistic method will be used to market program : What realistic method will be used to market the program in your community? Keep in mind the location, transportation, parking, and type of building.
Basic theoretical approaches to exchange rate determination : 1. What are the three basic theoretical approaches to exchange rate determination?
Cost of equity based on the dividend growth model : The Smith Company has 10,000 bonds outstanding. The bonds are selling at 102% of face value, have a 8% coupon rate, pay interest annually
Which a trial balance may prove that debits and credits are : Which a trial balance may prove that debits and credits are equal? an amount could be entered in the wrong account. / transaction could have been entered twice
Compute the equivalent units for the materials : The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. Compute the equivalent units for the materials
What is the amount of net income that whack expect : WHACK Company follows the constant payout ratio dividend policy by paying out 30 percent of earnings each year. This year, WHACK expects the dividend
Consumer health informatics : Consumer Health Informatics (CHI) is the field that helps to connect the gap between patients and health resources.
Find what is justin firm required to do to protect : Justin is contemplating retirement and wants, What is Justin's firm required to do to protect its client's confidential information in this type of situation?
What is the required pipe length : How long will it take for the inner surface of the steel to achieve a temperature of Tsf = 700 K What is the temperature Ts ,0 of the exposed surface

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the total amount of overhead applied to job

John at Tim's Toys was working on a custom-made miniature car for a customer. What is the total amount of overhead applied to Job BCB101

  Compute Rosalie recognized loss

Salmon distributes $80,000 to Rosalie in exchange for one-half of her shares, which have a basis of $100,000. Compute Rosalie's recognized loss

  Airflow company sells a product in a competitive

airflow company sells a product in a competitive marketplace. market analysis indicates that their product would

  Calculate the effect on each division net income

If the two divisions agree to a transfer price of $120 per monitor, calculate the effect on each division's net income for the year

  Determine the departmental factory overhead rates

Determine the departmental factory overhead rates for both departments. When required, round all per-unit answers to the nearest cent.

  Determine the current ratio and quick ratio

The following items are reported on a company's balance sheet: Accounts receivable (net) 110,000, Accounts payable 200,000.

  Which of the following sets of accounts is the general fund

Which of the following sets of accounts is the General Fund likely to have? Which of the following transactions results in reporting a transfer out in the General Fund statement of revenues, expenditures and changes in fund balance?

  Prepare a formal report addressed to the cfo of old line

Prepare a formal report addressed to the CFO of Old Line formally articulating your analysis and recommendations to Old Line.

  Interest costs during construction

An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.

  Calculate the century division contribution margin

Gluten Corporation has the following information pertaining to its Century Division for this year.

  Tax liability

Monica and Thomas, ages 32 and 36, are married and file a joint return. In addition to having THREE dependent children (Lemisse, Cristine and James), Monica and Thomas have adjusted gross income ("AGI") of $90,000 and itemized deductions of $2..

  Which of the following is a main accounting contribution to

which of the following is a major accounting contribution to the managerial decision-making process in evaluating

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