Cost per equivalent unit for transferred in cost

Assignment Help Accounting Basics
Reference no: EM13765703

1.If beginning inventory consisted of 22,500 units, ending inventory was 7,500 units, and 33,000 units were started during the period, how many units were completed and transferred out of the department to the next department? Show your work.

2.The mixing department is the third department in the TME Inc. factory. During January, there were 4,000 units of beginning inventory in the mixing department, and 60,000 units were transferred in from the prior process. There were 8,000 units in ending inventory.

3. The transferred in cost in the beginning inventory was $170,000, and the new transferred in cost was $600,000 during the month. What is the cost per equivalent unit for transferred in cost?

Reference no: EM13765703

Questions Cloud

Question regarding the stage of moral reasoning : What stage of moral reasoning is exhibited by Richard Heene's actions? Do you believe the punishment fit the crime? Why or why not?
Describe the duty of loyalty in whistleblower cases : Analyze the duty of loyalty in whistleblower cases to determine to whom loyalty is owed and who shows the greater duty of loyalty. Support your analysis with specific examples. Then, suggest at least one (1) change to an existing law
Hd-dvd versus blu-ray : In recent times, HD-DVD and Blu-ray were competing technology formats for creating and watching movies on DVDs. Neither was compatible with the other. Eventually, Blu-ray won the competition.
Analyzing a project with an initial cost and cash inflows : Antonio's is analyzing a project with an initial cost of $41,000 and cash inflows of $26,000 a year for 2 years. This project is an extension of the firm's current operations and thus is equally as risky as the current firm.
Cost per equivalent unit for transferred in cost : The transferred in cost in the beginning inventory was $170,000, and the new transferred in cost was $600,000 during the month. What is the cost per equivalent unit for transferred in cost?
What serum markers are found : What are the signs of preicteric and icteric stages of acute hepatitis and What serum markers are found?
What methods did you use to communicate effectively : Who was your diverse group, and what methods did you use to communicate effectively? Did writing a press release about the event require you to be compliant with the Americans with Disabilities Act? If so, how
What is jensens cost of preferred stock : Jensen's Travel Agency has 8 percent preferred stock outstanding that is currently selling for $55 a share. The market rate of return is 10 percent and the firm's tax rate is 34 percent. What is Jensen's cost of preferred stock?
Application of hazmat regulations to society : Discuss objectively the need for and the application of Hazmat regulations to society.

Reviews

Write a Review

Accounting Basics Questions & Answers

  National orthopedics co issued 9 bonds dated january 1 with

national orthopedics co. issued 9 bonds dated january 1 with a face amount of 650000 on january 1 2013. the bonds

  What is fasbs stance on companies recording compensation

what is fasbs stance on companies recording compensation expense for stock options plans? what method is preferable?

  Nona manufacturing company uses a job order cost accounting

nona manufacturing company uses a job order cost accounting system and keeps perpetual inventory records. prepare

  Some co can further process product j to produce product d

some co. can further process product j to produce product d. product j is currently selling for 19.00 per pound and

  Requirement 1 in millions 2011 2012 2013contract price 340

requirement 1 in millions 2011 2012 2013contract price 340 340 340actual costs to date 70 150 200estimated costs to

  Budgeted purchases for the fourth quarter-forecast sales

Barrett's Fashions forecast sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for the four..

  Davis corporation was authorized to issue 100000 shares of

davis corporation was authorized to issue 100000 shares of 10 par common stock and 50000 shares of 50 par 6 percent

  Short-term and readily marketable

Assume all investments are short-term and readily marketable. The following transactions occurred.June 2; purchased 300 shares of Beaty Corporation common stock for $45 per share; July 1; purchased 200 Meng Corporation bonds for $220,000; July 30;..

  Journal entry to record the dividend

Prepare the journal entry to record the dividend. By December 31, Washington Posts fiscal year-end, the market value of INews shares has dropped from $60 to $58 per share. How much has Washington Posts portfolio value changed?

  Wesser inc has written off a 2000 account as noncollectable

wesser inc. has written off a 2000 account as noncollectable. the balance in accounts receivable was 271000 and the

  Perdon corporation manufactures safes large mobile safes

perdon corporation manufactures safes large mobile safes and large walk-in stationary bank safes. as part of its annual

  Income from continuing operations net of tax

The effect of these events and transactions on 2010 income from continuing operations net of tax would be:

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