Compute the total work done in equivalent units

Assignment Help Accounting Basics
Reference no: EM131735993

Question - A department produces cotton fabric. All direct materials are introduced at the start of the process. Conversion costs incurred uniformly throughout the process. In May there was no beginning inventory. Units started, completed, and transferred, 400,000. Units in process, May 31, 80,000. Each unit in ending work in process was 75% converted. Costs incurred during May: direct materials, 4,320,000; conversion costs, 920,000.

A) Compute the total work done in equivalent units and the equivalent unit costs for May -steps 1-3.

B) Compute the cost of units completed and transferred. Also compute the cost of units in ending work in process-Step 4.

Reference no: EM131735993

Questions Cloud

Write a paper on wireless security policy : Implementing wireless technologies involves technical and management issues or considerations that have strategic business implications within organizations.
Define the generation of electricity by a huge wind farm : which do you think could be most easily harnessed for the generation of electricity by a huge wind farm
Prepare journal entries for the given transactions : Black, Inc. management occasionally invests idle cash in stocks that are not intended to be held long term. Prepare Journal entries for the above transactions
Implementing policies to control climate change : Some U.S. politicians favor implementing policies to control climate change, while other U.S. politicians are opposed to implementing policies.
Compute the total work done in equivalent units : A department produces cotton fabric. All direct materials are introduced at the start of the process. Compute the total work done in equivalent units
Define what kind of problems or benefits could result : What kind of problems or benefits could result from having a work force with similar personalities
Discuss a journalist that utility companies : It has been argued by a journalist that utility companies should not be allowed to pay cash dividends
Analyze the significant changes that have taken place : Analyze the significant changes that have taken place over the past decade from a business and a technological perspective.
Write a paper about how does social media affect business : Write a research paper about How does social media affect business? I want just summarize each abstract in an article that relates to my topic.

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