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Question 1: March 1, 201, Dorchester Company's beginning work in process inventory had 5,000 units. This is its only production department. Beginning WIP units were 50% complete to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 20,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 50% complete to conversion costs. Dorchester uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.
Question 2: Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 15,500 units. At the end of the month there were 10,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 50% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:
Direct Material $26,000
Direct Labor 12,000
Factory Overhead 30,000
Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March?
Given the transactions in M2- 9 (including the sample), prepare a classified balance sheet for Spot-lighter, Inc., as of January 31. a. (Sample) Borrowed $ 3,940 from a local bank on a note due in six months. b. Received $ 4,630 cash from investors a..
The balance sheet of Mister Ribs Restaurant reports current assets of $36,000 and current liabilities of $22,500. Calculate the current ratio
read the virgin america lands in the united states case study and provide a detailed and specific answer for the
Assume the bonds in IFRS14-3 were issued for $644,636 and the effective-interest rate is 6%. Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. (Round to ..
The new machine would reduce annual maintenance costs by $23,000. Provide a differential analysis on the proposal to replace the machine
Maria and Javier are the equal partners in MarJa, a partnership that is a qualfied trade or business. What is Maria and Javier qualified business income
Service revenue $50,000; salaries and wages expense $27,000 and supplies expense $7,000. Prepare the closing entries at December 31
the grid corporation owns a bank of boring machines. they regularly replace two machines each year. in the current year
The Newport Company is planning to expand its current spindle product line. Determine the projected net after-tax cash flows from this investment.
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Illustrate the situation graphically. If the portfolio's value after 4 years is $291,437 what should you do?
a company has two classes of stock issued common and preferred. there are 5000 shares of 100 par value 8 cumulative
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