Solution-Compute the equivalent units of material and of

Compute the equivalent units of material and of conversion

Assignment Help Managerial Accounting

Reference no: EM13965042

Krollon Company uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments:

439_260-B-M-A-P-C (1353)-1.png

According to the company's costing system, the cost of beginning inventory was $7,886, of which $4,897 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $181,652. The costs per equivalent unit for the month were:

2367_260-B-M-A-P-C (1353)-2.png

Required:

1. Compute the total cost per equivalent unit for the month.
2. Compute the equivalent units of material and of conversion costs in the ending inventory.
3. Compute the equivalent units of material and of conversion costs that were required to complete the beginning inventory.
4. Determine the number of units started and completed during the month.
5. Determine the costs of ending inventory and units transferred out.

Reference no: EM13965042

Questions Cloud

What will its volume be at home at 20 dgrees c : A large, aluminumized-Mylar balloon contains 1.000 m^3 of helium when filled outdoors at 0 degrees C on a winter's day

Create an excel spreadsheet to organize : Create an Excel spreadsheet to organize your answers to the following problem, and submit your Excel file as an attachment by clicking on the appropriate button on this page. A company is investigating an activity that would generate the following i..

Modifications of liability that lawyer may try to employ : Betsy Boomer does not own a car and she must rely on friends for transportation. Last month, Betsy asked Freda Farnsworth to drive her to the store. Freda is known to be a reckless driver, but Betsy is not in a position to be choosy. Describe Freda’s..

What is the gas pressure after a long time has elapsed : What is the gas pressure after a long time has elapsed? You can assume that the containers themselves are nearly mass-less and do not affect the outcome.

Compute the equivalent units of material and of conversion : Compute the equivalent units of material and of conversion costs that were required to complete the beginning inventory.

Estimate average annual inflation going forward : Estimate average annual inflation going forward. Choose an annual rate of return (and say whence you chose it). What is the value of that future nestegg in today's currency (i.e. how has inflation eroded its purchasing power?) Also once that in taken..

Production capacity by plant : Use the current weekly demand shown in Table 3, find the cost minimizing routing of generators from the four plants to the nine warehouses. Your answer must include a model formulation and a shipping schedule, which includes a list of recommended ..

Project managers to resist changes to the project baseline : Why is it important for project managers to resist changes to the project baseline? Under what conditions would a project manager make changes to a baseline? when would a project manager not allow changes to a baseline?

User Account

All Pages

Compute the equivalent units of material and of conversion

Reference no: EM13965042

Reference no: EM13965042

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT