How much conversion cost would be assigned to the units

Assignment Help Accounting Basics
Reference no: EM131913173

Problem

Tepla 15 Corporation uses the FIFO method...

Tepla Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below:


Units

Percent Complete
with Respect to conversion

  Beginning work in process inventory

6,200

70%

  Transferred in from the prior department during March

62,000


  Completed and transferred to the next department during March

66,600


  Ending work in process inventory

1,600

40%

According to the company's records, the conversion cost in beginning work in process inventory was $40,720 at the beginning of March. The cost per equivalent unit for conversion costs for March was $9.20.

How much conversion cost would be assigned to the units completed and transferred out of the department during March?

Reference no: EM131913173

Questions Cloud

Compute the acquisition cost of the deposit : Compute the acquisition cost of the deposit in 2016. Compute the net book value of the deposit after payment of the January 2017 developmental costs.
Describe the difference between free trade area : Describe the difference between free trade area, customs union, common market, and political union.
What kind of growth rate are you looking for : You have? $15,000 available for investment in stock. You are looking for a growth stock whose value can grow to? $40,000 over five years.
Do the factors that motivate you reflect what herzberg found : Do the factors that motivate you reflect what Herzberg found? Has motivation changed since Herzberg's research? If so, how? Has what motivates you changed over?
How much conversion cost would be assigned to the units : How much conversion cost would be assigned to the units completed and transferred out of the department during March?
How fast can sales grow before any new fixed assets are need : Current sales are $566465. How fast can sales grow before any new fixed assets are needed? (in %)
Calculate the ear for first national bank : First National Bank charges 16.7 percent compounded monthly on its business loans. Calculate the EAR for First National Bank.
What is the net present value of the factory : a. What is the net present value of the factory? Show work.
What is the rate of return on your investment : What is the rate of return on your investment for the end-of-year stock prices listed below? What is your real (inflation-adjusted) rate of return?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the rules in accounting

Explain the rules in accounting to determine whether an investment in a marketable security should be accounted for as trading, available-for-sale, or held-to-maturity.

  Interest on savings account with bank of america 100

betty jones files a return as a single taxpayer. items of income received by betty in 2011 were as follows. interest on

  Reviewing the pcaob and sec auditor rotation guidance

Reviewing the PCAOB and SEC auditor rotation guidance is essential here. Searching criteria should locate the PCAOB and SEC guidance

  What are the projected earnings per share and return on

what are the projected earnings per share and return on equity for 2012 and what would the earnings per shareroe for

  The balance sheet of hidden valley farms reports total

the balance sheet of hidden valley farms reports total assets of 450000 and 550000 at the beginning and end of the year

  New project analysis holmes manufacturing

NEW PROJECT ANALYSIS Holmes Manufacturing is considering a new machine that costs $250,000 and would reduce pretax manufacturing costs by $90,000 annually. Holmes would use the 3-year MACRS method to depreciate the machine, and management thinks t..

  Pam owns a personal use boat that has a fair market value

pam owns a personal use boat that has a fair market value of 35000 and an adjusted basis of 45000. pams agi is 100000.

  What amount should the company report the bonds at july

If A company wants to sell the bond on Aug, 2001, classify the investment. What amount should the company report the bonds at July 1, 2001

  Prepare a common-size analysis of section

Prepare a common-size analysis of this section of Leslie's Burgers' income statement

  Examine the causes of material price variances

the article indicates approximately 90% of the companies in the study were sensitive to the variances in material prices. Examine the causes of material price variances and the potential impact on pricing decisions.

  Analyse financial impacts of the practice on cash converters

Please analyse the financial impacts of the practice on Cash Converters, share price included

  Cookie creations is gearing up for the winter holiday season

Cookie Creations is gearing up for the winter holiday season. During the month of December 2011, the following transactions occur.

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