Computed its cost per equivalent unit for direct materials

Assignment Help Financial Accounting

Reference no: EM131266656

Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of 250,000 units of product were completed and transferred out as finished goods during the month, and 36,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in Finished Goods Inventory is:

$650,000.

$135,000.

$1,816,100.

$1,587,500.

$228,600.

Reference no: EM131266656

Questions Cloud

Method of ethical decision making : Write a paper (1,250-1,500 words) that describes how to use the method of ethical decision making, reviewed in the module, to help resolve this ethical dilemma. Address the following to generate your conclusions about how you would proceed:

Calculate the efficiency of each machine : The armature resistance of each machine = 0.02 Ω. State the assumptions made.

Recent graduates of mba programs : In an effort to reduce costs across the board, Pilchard wishes to hire recent graduates of MBA programs who have little experience. His firm would be paying them above competitive salaries even if it offered them one-half the salaries of its prese..

Analytical procedures are used in audit engagement : Explain how the analytical procedures are used in an audit engagement, what premise underlies the use of analytical procedures in auditing and what sources of information can an auditor use to develop expectations.

Computed its cost per equivalent unit for direct materials : Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of 250,000 units of product were completed and transferred out as finished goods during the m..

Interest and ordinary dividends : Dan Chan (SSN 334-63-3456) receives various Form 1099s during the year. He has no foreign accounts or trusts. From the information provided above, prepare the Dan’s Schedule B (Form 1040), Interest and Ordinary Dividends.

Describe the effects that the statistical information : Describe the effects that the statistical information on a specific race or ethnicity in the areas of health, crime, employment, or education may have in terms of being a predictor of behavior. Provide your opinion on the most likely effects these..

What is the return on invested capital for the transaction : What is the return on invested capital for this transaction? What return would Ravi have earned if he had bought the stock without margin-that is, if he had used all his own money?

What sort of strategic alliances does readymade maintain : When marketing to potential advertisers, what strategies could ReadyMade use to promote itself without having to rely on hard statistics about its readers?

User Account

All Pages