Compute the equivalent units of production for june

Assignment Help Accounting Basics
Reference no: EM131806056

The Alabama Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.

 

 

Percentage Completed

 

Units

Materials

Conversion

 

Work in process, June 1

75,000

65%

45%

 

Work in process, Jun 30

72,500

75%

70%

 

The department started 237,500 units into production during the month and transferred 240,000 completed units to the next department.

Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.

Reference no: EM131806056

Questions Cloud

How are strategic planning and the analysis process : How are strategic planning and the analysis process used to facilitate an organization's ability to initiate, formulate and implement strategies?
Compare the social efficiency of three possible outcomes : Assume the marginal benefit pollution reduction applies to the overall level (for the two firms combined) and not to each firm separately.
Models and frameworks for studying the vulnerability : Identify two models for studying vulnerability and compare and contrast differences when applied to the same population.
Undergoing an emotional experience : 1.Explain why it's important to refain from making official communications when you are undergoing an emotional experience.
Compute the equivalent units of production for june : Compute the equivalent units of production for the first department for June
Contingency variables for appropriate structure : Define organizational structure and four contingency variables for appropriate structure?
Describe the definition of value chain management : Describe the definition of value chain management and the benefits of value chain.
Discuss gender differences regarding emotions : Discuss whether there are gender differences regarding emotions - Discuss the concept of Generational Differences in the workplace today
Percentage of sales method : Compile the pro forma income statement for the year ended december 31, 2016, using the percentage of sales method

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