How many equivalent units for conversion costs

Assignment Help Accounting Basics
Reference no: EM13137508

Workforce, Inc. had beginning inventory in March consisting of 15,000 units (60 percent converted) and ending inventory consisting of 20,000 units (40 percent converted). In addition, 45,000 units were started during the period. How many equivalent units for conversion costs were in process March using the weighted average method?

Reference no: EM13137508

Questions Cloud

What is the density of silicon in g/cm3 : when an irregularly shaped chunk of silicon weighing 8.763 g was placed in a graduated cylinder containing 25.00 mL of water, the water level in the cylinder rose to 28.76 mL. What is the density of silicon in g/cm3?
Journal articles : a very brief summary of the text, identifying the purpose and main arguments contained within the article, the identity of the author, what their background is, and, if relevant, how this influences the position that the article takes
Complete consolidated balance sheet working papers : The bonds pay interest on June 30 and December 31 and mature on December 31, 2010. Both Wren and Schrub use straightline amortization. Wren uses the equity method of accounting for its investment in Schrub. Complete the consolidated balance sheet w..
Explain workout velocity and range of shell fired : Workout velocity and range of shell fired, Why is it possible to consider the vertical and horizontal motion of a projectile independently of each other.
How many equivalent units for conversion costs : Workforce, Inc. had beginning inventory in March consisting of 15,000 units (60 percent converted) and ending inventory consisting of 20,000 units (40 percent converted).
Capacity of the governmental entity : Discuss how the debt capacity of the governmental entity is determined. Evaluate the effect of refunding or reorganizing existing debt obligations.
Calculate jessie predetermined overhead rate : Jessie, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $7,500,000 and total direct labor hours to be 125,000 hours.
Implied value of each warrant : Upstate Water Company just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 12%, and they were issued at their $1,000 par value. The current yield on similar straight bonds is 15%. What is the implie..
Compute amount of depreciation for each of years : Montoini Company purchases equipment on January 1, year 1, at a cost of $469,000. The asset is expected to have a service life of 12 years and a salvage value of $40,000. Compute amount of depreciation for each of years 1 through 3 using the strai..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining manufacturing and net income

The Adler Company manufactures a product with a unit variable cost of $50 and a unit sales price of $88. Fixed manufacturing costs were $240,000 when 10,000 units were produced and sold.

  What is the base interest rate paid on deposits

What is the base interest rate paid on deposits among banks in the eurocurrency market called? A.LIBOR.B. INEU

  Commenting on the need for reconcil

Write a brief discussion commenting on the need for reconciling book income for a partnership to taxable income for that partnership for tax purposes.

  Evaluate the success of the project

Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were the project would cost $250,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $46,0..

  Sox framework-business model fraud in financial accounting

Examine how the SOX framework can prevent business model fraud in financial accounting and managerial accounting.

  From which of the following may the auditor liability arise

Contract law is the basis for the legal liability at common law of an auditor to his/her client. From which of the following may the auditor's liability arise?

  Description of securities and exchange commission

Which of the following is not one of the functions of the Securities and Exchange Commission? a. Providing government-backed insurance to purchasers of securities.

  What is the monthly break-even in sales dollars

Allen Company produces and sells a single product whose selling price is $100.00 per unit and whose variable expense is $80.00 per unit. The company's fixed expense total $400,000 per month. What is the monthly break-even in sales dollars?

  Differences in cash and accrual basic

A company will need to choose an accounting method. What are the differences between the cash basis of accounting and the accrual basis of accounting? When are income and expenses recognized under each method?

  Amount of net income or net loss

If beginning capital was $70,000, ending capital is $48,000, and the owner's withdrawals were $21,000, the amount of net income or net loss was:

  Consequences of improper use of standard costs

There are several potential problems that can occur from the improper use of standard costs. Labor quantity standards and efficiency variances assume that production is labor-paced.

  Weighted-average method

What is the distinction between equivalent units under the FIFO method and the equivalent units under the weighted-average method?

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