Compute the number of equivalent units with respect to both

Assignment Help Accounting Basics
Reference no: EM13599562

During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 52,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to labor. At the end of April, 73,000 additional units were in process in the production department and were 90% complete with respect to materials and 30% complete with respect to labor.

REQUIRED:
1.Compute the number of units transferred to finished goods.
2.Compute the number of equivalent units with respect to both materials used and labor used in the production department for April using the weighted-average method.

Reference no: EM13599562

Questions Cloud

Gorgeous georgie pty ltd georgie is a private company with : gorgeous georgie pty ltd georgie is a private company with many strategic investments. the finance director is
The partnership of avery and kirk was formed on july 1 when : the partnership of avery and kirk was formed on july 1 when george avery and dinah kirk agreed to invest equal amounts
Analays a code of conduct for a company for its refrences : analays a code of conduct for a company for its refrences to fraudulent activities and disciplinary action. give an
Since property plant and equipment ppe and long-term : since property plant and equipment ppe and long-term investments in stock represent a companys investment why do we
Compute the number of equivalent units with respect to both : during april the production department of a process manufacturing system completed a number of units of a product and
Ban-joe company manufactures two models of its banjo the : ban-joe company manufactures two models of its banjo the starter and the star. the starter model requires 10000 direct
The partnership of avery and kirk was formed on july 1 when : the partnership of avery and kirk was formed on july 1 when george avery and dinah kirk agreed to invest equal amounts
Prepare the journal entries to record depreciation expense : holtzman company is in the process of preparing its financial statements for 2012. assume that no entries for
Kilarny company is considering investing in an annuity : kilarny company is considering investing in an annuity contract that will return 20000 annually at the end of each year

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