How many would the equivalent units for conversion costs be

Assignment Help Financial Accounting
Reference no: EM132759342

Question - 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: EM132759342

Questions Cloud

Which early fields led to formation of field of psychology : Which two early fields led to the formation of the field of psychology? After identifying those two fields, describe the study of each field and give.
Difference between growing annuity and a growing perpetuity : Discuss the difference between a growing annuity and a growing perpetuity. Provide an example of each. Also explain the annuity transformation method
Examine the effectiveness of motivating employees : Describe specific motivational techniques that could be used within your organization or one that interests you to improve work performances.
How much was the profit of abc partnership : How much was the profit of ABC Partnership in 20x1? A, a partner in the ABC Partnership, has a 30% participation in partnership profits and losses.
How many would the equivalent units for conversion costs be : If 10,000 units were transferred to the next processing center during the period, how many would the equivalent units for conversion costs be
How much is the ending balance of b capital account : How much is the ending balance of B's capital account? Monthly salary allowances of ?8,000 and ?40,000 to A and B, respectively, recognized as expenses.
Find the amount of manufacturing overhead allocated : Depreciation on plant machinery and equipment ?24,500. Find the amount of manufacturing overhead allocated to all jobs during June 2018 totals?
How qualitative study contributes to social work practice : Consider how the qualitative study contributes to social work practice and how this type of knowledge would fit into building evidence-based practice.
Environment construction economics and procurement : Environment Construction Economics and Procurement - Design and build, separating design from construction or a novated approach as used for the first phase

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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