Pacific products inc completed and transferred 55000

Assignment Help Accounting Basics
Reference no: EM13582279

Pacific Products Inc. completed and transferred 55,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 1,400 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $203,040, direct labor cost incurred was $38,900, and factory overhead applied was $28,108

Determine the following:
a. Total conversion cost
b. Conversion cost per equivalent unit: Enter your answer to two decimal places.
c. Direct materials cost per equivalent unit: Enter your answer to two decimals places.

Reference no: EM13582279

Questions Cloud

Gull inc is considering the acquisition of equipment that : gull inc. is considering the acquisition of equipment that costs 480000 and has a useful life of 6 years with no
Dobbs corporation is considering purchasing a new delivery : dobbs corporation is considering purchasing a new delivery truck. the truck has many advantages over the companys
Heathrow issues 2600000 of 5 15-year bonds dated january 1 : heathrow issues 2600000 of 5 15-year bonds dated january 1 2011 that pay interest semiannually on june 30 and december
The charges to work in process ssembly department for a : the charges to work in process - assembly department for a period together with information concerning production are
Pacific products inc completed and transferred 55000 : pacific products inc. completed and transferred 55000 particle board units of production from the pressing department.
What are the acceptable inventory valuation methods under : what are the acceptable inventory valuation methods under the u.s. generally accepted accounting principles gaap?how
Urban outfitters case study from your mba6014 - financial : urban outfitters case study from your mba6014 - financial accounting custom text to complete the following for this
Posson catering uses two measures of activity jobs and : can someone help with my accounting homework problem?posson catering uses two measures of activity jobs and meals in
Inventory costs are rising which method fifo lifo or : inventory costs are rising which method fifo lifo or weighted average cost results in the highest net income? which

Reviews

Write a Review

Accounting Basics Questions & Answers

  Beginning wip inventory is 900 units completed and

beginning wip inventory is 900 units completed and transferred out were 3400 units and ending wip inventory is 800

  In a sole proprietorship the drawing account is similar to

1. the partner capital account is what type of account and what is the capital accounts normal balances?a. asset

  How long would it take from the date of the initial

a company that manufactures ultrasonic wind sensors invested 1.5 million 2 years ago to acquire part ownership in an

  Current portion from long-term liabilities

The owner has asked that you do not make the adjusting entry to take the current portion from the long-term liabilities. You know if you make the adjusting entry Biker's Business' loan will need to be repaid immediately (or the loan called). What ..

  Long term credit decision

Long Term Credit Decision: In no more than one typed page, provide a statement of your decision to lend or not lend to each firm based on your interpretation of their long-term prospects. Analyze this as you would if you were considering lend..

  Izabelle and marta are forming a partnership izabelle will

izabelle and marta are forming a partnership. izabelle will invest a piece of equipment with a book value of 7500 and a

  Company has the choice of either selling 1000 defective

company has the choice of either selling 1000 defective units as scrap or rebuilding them. the company could sell the

  Requirements for training independence and due professional

1. which of the following attributes most clearly differentiates a cpa who audits managements financial statements as

  Question you own widgets r us and are considering the

question you own widgets r us and are considering the future direction of your company. one choice is to fund expansion

  In may overhead was overapplied by 300 the company adjusts

uxmaiz corporation had only one job in process during may-job x32z-and had no finished goods inventory on may 1. job

  Behavior relating to the cost information

Is Margaret's behavior regarding the cost information she provided to Susan unethical? Explain your answer.

  Working with straight line depreciation

Leah, Inc. has machinery with a cost of $100,000. The machinery has an estimated useful life of 10 years, and an estimated salvage value of $10,000. The machinery is expected to be able to produce a total of 1,000,000 units during its estimated li..

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