Determine the cost per equivalent unit of conversion

Assignment Help Accounting Basics
Reference no: EM132669313

Question - 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 14,500 units. At the end of the month there were 12,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 40% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $21,000

Direct Labor 22,000

Factory Overhead 10,000

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?

Reference no: EM132669313

Questions Cloud

Prepare end of the month application general journal entry : The overhead application rate is based on total estimated overhead costs of $280,000. Prepare end of the month application General Journal entry
Determine the amount of overhead over or under applied : During March, 11,600 hours were actually worked. Use this information to determine the amount of overhead over or under applied
Question - Prepare the General Journal entry : Question - Prepare the General Journal entry? The preset formula for overhead application estimated that $22,000 would be incurred
Determine for March the equivalent units of production : Dorchester uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs
Determine the cost per equivalent unit of conversion : 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
Why do we see varicose veins in legs : Why do we see varicose veins in legs and not so much in arms?
Prepare the adjusting entries for the month of March : Insurance expires at the rate of $342 per month. The equipment depreciates at $570 per month. Prepare the adjusting entries for the month of March
Find culture of mouse cells : You transfer this plasmid to a culture of mouse cells and find that it represses the expression of Gene X. Was this a cis or trans effect?
Determine the dollar amount of the cost of goods sold : Cost of goods manufactured for the FY 2018 was $371,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold

Reviews

Write a Review

Accounting Basics Questions & Answers

  Taxpayer a earned 50000 working as a carpenter during the

taxpayer a earned 50000 working as a carpenter during the year. taxpayer b also a carpenter by trade worked the entire

  Prepare necessary journal entry to account for income tax

Prepare the necessary journal entries to account for income tax assuming recognition criteria are satisfied.Determine the taxable income and income tax payable

  In 2010 the bowwow company purchased 18426 units from its

in 2010 the bowwow company purchased 18426 units from its supplier at a cost of 11 per unit. bowwow sold 15136 units of

  In preparing a companys statement of cash flows for the

in preparing a companys statement of cash flows for the most recent year the following information is availableloss on

  What aspect of the sarbanes oxley act might reduce

What aspect(s) of the Sarbanes Oxley Act might reduce opportunities for fraud?

  Prepare separate depreciation schedules for the machinery

As the accountant for Admirable Ltd, prepare separate depreciation schedules for the machinery for the 5-year period

  What is materiality how does risk of the material

what is materiality?how does risk of material misstatements affect the nature timing and extent of audit

  Calculate the cost of sugar smooth ending inventory

Calculate the cost of Sugar smooth's ending inventory at the end of the first year under variable costing.

  Determine the total cost of borrowing over the life of bond

Determine the total cost of borrowing over the life of the bond. What amount of interest expense is reported for 2018

  Discuss pam treats as an exchange for tax purposes

Comet redeems 50 of Pam's shares on December 31, 20X3, for $1,000 per share in a transaction that Pam treats as an exchange for tax purposes

  Determine the annual lease payments as set by the lessor

Determine the annual lease payments, as set by the lessor. Determine the amount of the minimum lease payments that will be capitalized by the lessee.

  Identify and analyze the major driving forces

Identify and analyze the major driving forces for change in the external environment of the motorcycle industry. Analyze the dynamics of competition.

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