Number of physical units transferred to finished goods

Assignment Help Financial Accounting

Reference no: EM131206520

During March, the production department of a process operations system completed and transferred to finished goods 24,000 units that were in process at the beginning of March and 140,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 58% complete with respect to conversion. At the end of March, 33,000 additional units were in process in the production department and were 100% complete with respect to materials and 33% complete with respect to conversion. Compute the number of physical units transferred to finished goods.

Reference no: EM131206520

Questions Cloud

What is FASB codification : What is FASB codification? Did the project create new GAAP ? What do you think about the projest? Was it really necessary?What types of GAAP documents existed prior to the codification and why there may have confusion in the application of GAAP?

Compute the estimates for a standard cost and budgeted cost : Perez Company uses both standards and budgets. For the year, estimated production of Product X is 547,200 units. Total estimated cost for materials and labor are $1,203,840 and $1,586,880. Compute the estimates for (a) a standard cost and (b) a budge..

Average cost method is used what would be conversion cost : Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,087. Of the $13,087, $8,220 was for material and $4,867 was for conversion costs. If the average cost method is used what would be..

Nolasko enterprises invested : Nolasko Enterprises earns 6% on an investment that pays back $93,500 at the end of each of the next 4 years. What is the amount Nolasko Enterprises invested to earn the 6% rate of return?

Number of physical units transferred to finished goods : During March, the production department of a process operations system completed and transferred to finished goods 24,000 units that were in process at the beginning of March and 140,000 units that were started and completed in March. Compute the num..

What is the present value : What is the present value of $30,800 due 12 periods from now, discounted at 9%? What is the present value of $30,800 to be received at the end of each of 6 periods, discounted at 11%?

Mayer receive at the time the lease expires : Mayer Company signed a lease for an office building for a period of 11 years. Under the lease agreement, a security deposit of $8,000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 11% per year. What ..

Determine the break-even point in sales dollars : Deckyard Company distributes a lightweight lawn chair that sells for $42 per unit. Variable expenses are $16.80 per unit, and fixed expenses total $158,760 annually. What is the products CM ratio? Use to CM ratio to determine the break-even point in ..

Corporation finances with the use of bonds : If a corporation finances with the use of bonds rather than equity, a desirable outcome of selecting this form of financing may well be:

User Account

All Pages