Prepare a cost of production report

Assignment Help Accounting Basics
Reference no: EM131816362

Question - Cost of production report

The debits to Work in Process-Roasting Department for St. Arbucks Coffee Company for May 2010, together with information concerning production, are as follows:

Work in process, May 1, 400 pounds, 10% completed

$1,956

Coffee beans added during May, 13,000 pounds

60,450

Conversion costs during May

26,300

Work in process, May 31, 700 pounds, 70% completed

?

Goods finished during May, 12,700 pounds

?

All direct materials are placed in process at the beginning of production. Prepare a cost of production report, presenting the following computations:

a. Direct materials and conversion equivalent units of production for May.

b. Direct materials and conversion cost per equivalent unit for May.

c. Cost of goods finished during May.

d. Cost of work in process at May 31, 2010.

Enter all amounts as positive numbers.

Reference no: EM131816362

Questions Cloud

What is the default risk premium on the corporate bond : what is the default risk premium on the corporate bond?
Prepare a cvp income statement for the break-even point : Prepare a CVP income statement for the break-even point that shows both total and per units amounts
Potential confounding variable : The fact that men were studied separately from women indicates that a certain variable is being controlled for as a potential confounding variable
Do you think samantha has a competitive strategy : Do you think Samantha has a competitive strategy? What competitive strategy would seem to make sense for her?
Prepare a cost of production report : All direct materials are placed in process at the beginning of production. Prepare a cost of production report, presenting the Cost of goods finished during May
Is this a paired or a two-sample study : For instance, in Zimbabwe, 7.2% of the men and 15.4% of the women were illiterate. Is this a paired or a two-sample study?
Tv pro wrestling spurs teen violence : "TV Pro Wrestling Spurs Teen Violence" is the headline of an article that reports on a study that related the viewing of pro wrestling on television
Explore world fact book page of central intelligence agency : Explore the World Fact Book page of Central Intelligence Agency website. Select two countries from among those represented on the global map on the webpage.
Review problem on acceptance of low bid : Acceptance of Low Bid The Velasquez Company, a maker of a variety of metal and plastic products, is in the midst of a business downturn and is saddled.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate nonseperately computed income

McKain, Inc., a calendar year S corporation, incurs the following items. Calculate McKain's nonseperately computed income.

  Expected results of capital budgeting decisions

What are some methods that aid management in analyzing the expected results of capital budgeting decisions?

  Pierce division of morehead inc currently purchases 50000

elliott division of morehead inc. has a capacity of 200000 units and expects the following results.sales 160000 units

  Discuss links so that your thought process can be examined

This means that you must use formulas and links so that your thought process can be examined. Make good use of comments to convey

  Compute the current price of the bond

A $1,000 face value bond was issued at par 20 years ago with a 6% coupon paid semiannually. The bond now has nine years remaining to maturity and similar debt obligations are yielding 12%. Compute the current price of the bond. Assuming that the bo..

  What is the net income after reconciliation

What is the net income after reconciliation for throughput costing, please include the steps

  Record the given transactions

Richetti Ltd. was incorporated as a private company on January 2, 2018, Jan. 6 Issued 190,000 common shares for $1.60 per share. Record the above transactions

  Compute the amount received for the bonds

Compute the amount received for the bonds. Compute the first interest and amortization amounts for the October 1, 2016, payment.

  The variable and fixed overhead rates were computed using

nelson co. manufactures a product that requires 3.5 machine hours per unit. the variable and fixed overhead rates were

  Discuss what is the fair value of the pension plan assets

What is the fair value of the pension plan assets on December 31, 2002

  Paper on a current risk management issue

Prepare a 1,250- to 1,750-word paper on a current risk management issue at your facility.

  How can a person tell whether an entry to an expense

how can a person tell whether an entry to an expense account is payment for a legitimate expenditure or a means of

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