Compute the total work done in the unit cost

Assignment Help Accounting Basics
Reference no: EM131822174

Question: Basic Process Costing A department of Jamestown Textiles produces cotton fabric. All direct materials are introduced at the start of the process. Conversion costs are incurred uniformly throughout the process. In April, there was no beginning inventory. Units started, completed, and transferred were 675,000. Units in process on April 30 were 249,000. Each unit in ending work in process was 35% converted. Costs incurred during April were direct materials at $4,158,000 and conversion costs at $1,905,375.

1. Compute the total work done in equivalent units and the unit cost for April.

2. Compute the cost of units completed and transferred. Also, compute the cost of units in ending work in process.

Reference no: EM131822174

Questions Cloud

Explain the creation of the universe : State the creation story that this religion uses to explain the creation of the universe. If you cannot identify a creation story for this religion.
Prepare journal entries for the end of the year : Cost of goods sold on installment basis $1,800,000. Prepare journal entries for the end of the year based on the information above
Probability that both production facilities will be damaged : What is the probability that BOTH production facilities will be damaged by fire in any given year?
Compute the book value per common share for each company : Compute the book value per common share for each company using these data. Compute the basic EPS for each company using these data.
Compute the total work done in the unit cost : Basic Process Costing A department of Jamestown Textiles produces cotton fabric. All direct materials are introduced at the start of the process.
What is the net present value of this project : What is the net present value (NPV) of this project?
How much should cooper record as the cost of the land : The stock price on the exchange date was $30 per share. How much should Cooper record as the cost of the land
What is the net present value of this project : ABC Company in considering a loss control investment. what is the net present value (NPV) of this project?
Prepare a schedule of physical units and equivalent units : Uneven Flow One department of Dallas Instruments Company manufactures basic handheld calculators. Several materials are added at various stages of the process.

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