Solution-Evaluate the costs of goods transferred

Evaluate the costs of goods transferred

Assignment Help Managerial Accounting

Reference no: EM13516369

Compute Costs per Equivalent Unit: Weighted-Average Method

Pacific Ink had beginning work-in-process inventory of $372,480 on October 1. Of this amount, $152,460 was the cost of direct materials and $220,020 was the cost of conversion. The 48,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.
During October, 102,000 units were transferred out and 30,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $1,171,800 for direct materials and $1,513,920 for conversion.

Evaluate the costs of goods transferred out and the ending inventory using the weighted-average method.

Reference no: EM13516369

Questions Cloud

Determine the radius of the curve : a student builds and calibrates an accelerometer, which she uses to determine the speed of her car around a certain unbanked highway curve. what is the radius of the curve

Determine the cost per equivalent unit for direct materials : Determine the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method.

What is the acceleration of the basketball : a basketball player is standing on the floor 12 m from the basket. the hight of the basket is 3.05m, what is the acceleration of the basketball at the highest point in its trajectory

Define the respective molar heats of fusion and vaporization : The respective molar heats of fusion and vaporization in kJ/mol for H2O are 6.008 and 40.67. Specific heats in J/g *C for the solid, liquid, and gas phases are 2.092, 4.184, and 1.841, respectively.

Evaluate the costs of goods transferred : Evaluate the costs of goods transferred out and the ending inventory using the weighted-average method.

What focal length lenses are needed to correct his vision : Ordinary glasses are worn in front of the eye and usually 2.00{\rm cm} in front of the eyeball. What focal length lenses are needed to correct his vision

Describe the standard form of carbon is graphite : The standard form of carbon is graphite. Find the fuel value in kJ/g for C(graphite). [Fuel value is amount of heat released in complete combustion of exactly one gram of fuel

Compute the equivalent units for the conversion : Compute Equivalent Units FIFO Method and compute the equivalent units for the conversion cost calculation.

Describe a solution of sodium chloride beaker contents : The following five beakers, each containing a solution of sodium chloride (rm NaCl, also known as table salt), were found on a lab shelf:

User Account

All Pages

Evaluate the costs of goods transferred

Reference no: EM13516369

Reference no: EM13516369

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT