Reference no: EM132744837
Question - The inventory at June 1 and costs charged to Work in Process - Department 60 during June are as follows:
3,800 units, 80% completed P 60,400
Direct materials, 32,000 units 368,000
Direct labor 244,000
Factory overhead 188,000
Total cost to be accounted for P860,400
During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units which were 40% completed. Inventories are costed by the first-in, first-out method and all materials are added at the beginning of the process.
Determine the following, presenting your computations:
(a) equivalent units of production for conversion cost
(b) conversion cost per equivalent unit
(c) total and unit cost of finished goods started in prior period and completed in the current period
(d) total and unit cost of finished goods started and completed in the current period
(e) total cost of work in process inventory at June 30
|
Explain the motivational process
: In your perception, why Esteem Needs and Self- Actualization Needs are known as GROWTH NEEDS and Physiological Needs
|
|
Prepare the journal entries to record the event on july
: Prepare the journal entries to record the event on July 1, 2020. Conversion of 10%, $1,500,000 par value bonds on July 1, 2020 into 30,000 shares of $20
|
|
Visual illusion demonstrate that objective facts
: Visual illusion demonstrate that objective facts are not so objective - what people perceive undergoes an interpretive process by the brain
|
|
Find three different job postings
: Find three different job postings in the area you live in for a Project Manager. What are the items in the three job ads that are the same?
|
|
Determine equivalent units of production for conversion cost
: During June, 32,000 units were placed into production and 31,200 units were completed, Determine equivalent units of production for conversion cost
|
|
Prepare a pension worksheet for jones department stores
: Prepare a pension worksheet for Jones Department Stores that shows the journal entry for pension expense and the year-end balances
|
|
Major pharmacy chain for information disposal practices
: HHS and the FTC recently launched an investigation into a major pharmacy chain for its information disposal practices.
|
|
Prepare amortization schedule using the corridor approach
: Prepare the amortization schedule using the corridor approach. ABC Corporation has the following beginning-of-the-year present values
|
|
Prepare the journal entries for krause on jan
: Prepare the journal entries for Krause on Jan 1, 2020 to record signing of the lease agreement and first rental payment. Show computation of the amounts
|