Cost per equivalent unit for conversion costs

Assignment Help Financial Accounting
Reference no: EM13823245

Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $44,970. An additional 90,000 units were started into production during the month and 94,000 units were completed in the Welding Department and transferred to the next processing department. There were 15,000 units in the ending work in process inventory of the Welding Department that were 10% complete with respect to conversion costs. A total of $679,600 in conversion costs were incurred in the department during the month.

The cost per equivalent unit for conversion costs for the month is closest to:

Reference no: EM13823245

Questions Cloud

Identify an organisation for analysis for business process : Create a diagram of the steps currently taken by the organisation for the process. Create a diagram of any adaptations to the process steps after the change process is approved.
Impact of such charges on current and future net income : Many companies incur restructuring charges as they attempt to reduce costs. They often label these items in the income statement as “non-recurring” charges to suggest that they are isolated events which are unlikely to occur in future periods. What i..
Write a narrative each of the cage distances : Write a narrative each of the CAGE distances between the USA and each Country: a. Cultural, b. Administrative, c. Geographic and d. Economic.
Identify the factors that affect toxicity in a population. : Identify the factors that affect toxicity in a population. Pick three of the factors and provide a brief discussion on how that factor can affect the health of a population.
Cost per equivalent unit for conversion costs : Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,000 units in its beginning work in process inventory that were 20% complete with respect..
Describe the global implications : Describe the global implications that status has for an international manager in Western culture, with two (2) original examples.
Net cash provided by operating activities : Net income is not the same as net cash provided by operating activities. Net cash provided by operating activities is usually significantly larger than net income. In general, what causes this difference? Do you think that the Indirect Method illustr..
Weighted-average method in its process costing system : Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 14,000 units in its beginning work in process inventory that were 90% complete with respect to conversion costs.
Project constraints-variables will affect outcome : The 100% rule is used in decision modeling to determine whether or not a change in project constraints or variables will affect the outcome of a decision. Under the 100% rule, any combination changes can occur without a change in the solution, as ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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