Determine the conversion cost per equivalent unit

Assignment Help Accounting Basics
Reference no: EM133105470

Question - Easton Company, on March 1, 2021 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, Easton started into production 12,000 units. At the end of the month there were 7,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $20,000

Direct Labor 13,000

Factory Overhead 25,000

Required - Easton uses the weighted-average process costing method. Use this information to determine the conversion cost per equivalent unit for the month of March.

Reference no: EM133105470

Questions Cloud

Identify five trends a business can analyse : What is trend analysis, and how can it help to improve the business?
Article on understanding cultural dimensions : Read this article on understanding cultural dimensions: Click on this link to read more about Hofstede's cultural dimensions: Take this short self-assessment
What is the balance of supplies on hand : Fargo Company operates a pet grooming service. What is the balance of Supplies on Hand showing on the Balance Sheet of August 31st
How important can be the refresher courses for the staff : Give a thesis title related to How important can be the refresher courses for the staff. (max. of 13 words)
Determine the conversion cost per equivalent unit : Easton uses the weighted-average process costing method. Use this information to determine the conversion cost per equivalent unit for the month of March
What factors shape an organization''s external competitivenes : What factors shape an organization's external competitiveness?
What is her total pay for the week under federal law : Suzy is paid $576 weekly for a 32-hour workweek. If she works 37 hours in the week, what is her total pay for the week under federal law
Excellent compensation and benefits policies : Explain what standards you think are critical to becoming recognized as a top employer with excellent compensation and benefits policies. Justify your recommend
Conducting a job analysis : Distribution of CapraTek's Alfred! device and components will be through existing distributors and retail outlets. The current sales force will begin training o

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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