For the month of june calculate the equivalent units of

Reference no: EM13485151

Superior Lighting, Inc., mass produces reading lamps. Materials used in constructing the body of the lamp are added at the start of the process, while the materials used in wiring the lamps are added at the halfway point. All labor and overhead are added evenly throughout the manufacturing process. Superior uses process costing and had the following unit production information available for the months of June and July:
Number of lamps in beginning work in process: June=850. July=1200
Lamps transferred to finished goods: June=3500 July=3300
Number of lamps in ending work in process: June=1200 July=900

In June, the lamps in beginning work in process were approximately 80 percent complete, while those in ending work in process were only 30 percent complete. In July, the units remaining in ending work in process were 60 percent complete. All lamps in ending work in process are finished during the next month.

a. For the month of June, calculate the equivalent units of production for the three major cost categories-body materials, wiring materials, and labor and overhead.

b. For the month of July, calculate the equivalent units of production for the three major cost categories-body materials, wiring materials, and labor and overhead.

Reference no: EM13485151

Questions Cloud

Last year bell-bottom jeans were fashionable and this year : last year bell-bottom jeans were fashionable and this year boot cut jeans are are in style. a retail companys inventory

Charley bob and al want to form a partnership charley : charley bob and al want to form a partnership. charley contributes 40000 in cash and 40000 in receivables bob

Describe two techniques that a company can use to hedge : describe two techniques that a company can use to hedge against transaction exchange

Describe the various types of financial intermediaries : describe the various types of financial intermediaries including the sources of their funds and the types of

For the month of june calculate the equivalent units of : superior lighting inc. mass produces reading lamps. materials used in constructing the body of the lamp are added at

Compare and contrast typical accounting information systems : compare and contrast typical accounting information systems in a small under 2 million sales 10 employees company

Describe the primary services a bank provides to a firm how : describe the primary services a bank provides to a firm. how is the bank compensated for these

Corporation issues a 1000000 three-year noninterest : corporation issues a 1000000 three-year noninterest bearing note how much cash will it receive if the interest rate is

Describe the organizational forms a company might have as : describe the organizational forms a company might have as it evolves from a start-up to a major corporation. list the

User Account

All Pages