Reference no: EM133001243
Silver Company manufactures kites and has the following information available for the month of April:
Work in process, April 1 (100% complete for materials, 40% for conversion) 55,000units
Direct materials $83,000
Conversion cost $113,000
Number of units started 161,000 units
April costs Direct materials $229,000
Conversion cost $339,000
Work in process, April 30 (100% complete for materials, 20% for conversion) 81,500 units
Required:
Using the weighted-average method, complete each of the following steps:
Problem 1. Reconcile the number of physical units worked on during the period.
Problem 2. Calculate the number of equivalent units.
Problem 3. Calculate the cost per equivalent unit.
Problem 4. Reconcile the total cost of work in process.
|
What are the causes of liquidity crises
: What are the causes of liquidity crises and how should policy respond to them?
|
|
Reconcile the total cost of work in process
: Reconcile the total cost of work in process. Work in process, July 31 (100% complete for materials, 10% for conversion) 69,900units
|
|
What is the npv
: A project your small business is considering requires an investment today of $260,000. One year from today (t = 1) through 9 years from today (t = 9) it is expe
|
|
What is the estimated value per share of boehm stock
: The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 11%. What is the estimated value per share of
|
|
Reconcile number of physical units worked on during period
: Reconcile the number of physical units worked on during the period. Work in process, April 30 (100% complete for materials, 20% for conversion) 81,500 units
|
|
Loan structure options
: 1. Cross collateralisation as one or more loans are secured by more than one property
|
|
What is the total initial cash outflow
: A corporation is considering investing in a new product line. The annual revenues (sales) for the new product line are expected to be $355,247.00 with variable
|
|
Retirement savings plan investment opportunity
: Mr. Paul is at the age of 25, and his friend David (an insurance/mutual fund broker) offered him a retirement savings plan investment opportunity. Please help P
|
|
Solve cost per equivalent unit using weighted-average method
: Solve cost per equivalent unit using the weighted-average method. 14,800 in beginning inventory that are 100 percent complete for materials
|