User Account

All Pages

How many would the equivalent units for conversion costs be

Assignment Help Financial Accounting
Reference no: EM132708784

Problem 1: Winkle Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing processing center consisted of 5,000 units, 90% complete with respect to conversion costs. Ending work in process inventory consisted of 2,000 units, 60% complete with respect to conversion costs. If 10,000 units were transferred to the next processing center during the period, how many would the equivalent units for conversion costs be?

A) 6,700 units

B) 12,000 units

C) 10,000 units

D) 13,200 units

Reference no: EM132708784

Questions Cloud

Compare the two sales and operations plans : The Austin, Texas plant of Computer Products produces disk units for personal and small business computers. Gerald Knox, the plant's production planning
Prepare the journal entries the increase in inventories : Admission by Investment of Assets - Prepare the journal entries the increase in inventories and the admission of Gonzales
Minimize poor judgment in the workplace : What can you do to minimize poor judgment in the workplace?
Impact on customer satisfaction and repeal business : When cooks do not follow standard recipes and certain dishes come out 30% larger on some days than they do on other days, what is the likely impact on customer
How many would the equivalent units for conversion costs be : Winkle Corporation, If 10,000 units were transferred to next processing center during the period, how many would the equivalent units for conversion costs be?
Diagram a public health issue : Diagram a public health issue within your self-defined community and demonstrate approaches for critical review and self-directed learning.
Customer satisfaction and repeal business : What is the likely impact on customer satisfaction and repeal business?
What amount of gain or loss should glow report on the sale : Glow sold P600,000 face value bonds at 101 plus accrued interest. What amount of gain or loss should Glow report on the sale
How much does need to save ifputs money away annually : How much does need to save if he puts money away annually in equal end-of-the-year amounts to achieve a future value of? $1,200,000 dollars

Reviews

Write a Review

Financial Accounting Questions & Answers

  Schedules are the income and expenses reported

Mary Kate owns a building that she leases to an individual who operates a grocery store. Rent income is $10,000, and rental expenses are $6,000. On what Form 1040 schedule or schedules are the income and expenses reported?

  What conclusions can be drawn about effect of each method

What conclusions can be drawn about the effect of each method on the income statement and the balance sheet of Portia's Parts Shop?

  What is betty adjusted gross income and taxable income

Betty, unmarried, age 70, received a pension of $50,000, and Interest from P&G bonds of $20,000. She also received Social Security benefits of 10,000. Her itemized deductions total $9,000. What is Betty’s Filing Status? What is Betty’s Adjusted Gross..

  Evaluate the unit contribution margin

Evaluate the unit contribution margin and the contribution margin ratio - Armstrong Helmet Company manufactures a unique model of bicycle helmet.

  What are two groups of financial statements mandated by gasb

What are two groups of financial statements mandated by GASB Statement No. 34? For each group, what are the names of the individual statements that must be produced?

  Identify two relevant and two non-relevant costs

Identify a decision that has recently been made or will be made in the near future in your organization.  Identify two relevant and two non-relevant costs in this decision.

  Type of non exchange transaction

The grant from the state is an example of what type of non exchange transaction?

  Finance with notes payable or with bonds

Imagine you are the controller of a new company and are discussing financing options with the Vice Prisident of Finance. Would you want to finance with notes payable (a bank loan) or with bonds? Which option would you recommend? Justify your reasonin..

  What is the current value of the euro-denominated

What is the current value of the CD principal and What is the current value of the euro-denominated loan principal

  Using the flexible budget approach

The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St. Lucia. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful h..

  Develop better plans of action to remedy situations

Describe your assessment of the variety of situations where American corporations have attended to the concerns of critics and instituted programs to improve the lives of all stakeholders of the corporations and have made a contribution to make Am..

  Accounts on the accounting equation grid

On July 1, 2016, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July. Opened a business bank account with a deposit of $20,000 from personal funds. Purchased office supplies on account, $1,800. Re..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd