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Company manufactures plastic storage crates and has the following information available for the month of April:Work in process, April 1 20,600 units(100% complete for materials, 47% for conversion) Direct materials $ 14,000 Conversion $ 42,000 Number of units started 48,400 units April costs Direct materials $ 58,800 Conversion $ 91,800 Work in process, April 30 18,000 units(100% complete for materials, 20% for conversion) Required:Using the weighted average method of process costing, complete each of the following steps:(a) Reconcile the number of physical units worked on during the period. Physical Units Physical UnitsBeginning Units Units Completed Units Started Ending Units Total Units Total Units (b) Calculate the number of equivalent units. Equivalent Units Direct Materials ConversionUnits Completed Ending Inventory Total (c) Calculate the cost per equivalent unit. (Round your answers to 5 decimal places. Omit the "$" sign in your response. ) Direct Materials ConversionCost per Equivalent Unit $ $ (d) Reconcile the total cost of work in process. (Use rounded cost per Equivalent unit. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.) Direct Materials Conversion Total CostUnits Completed $ $ $ Ending Inventory $ Total Cost Accounted for $ $ $
What is the minimum that partner Morse's creditors would receive if they have filed a claim for $50,000?
Describe the benefits accruing to company that is traded in public securities markets. What are the disadvantages to being public?
find the break even point ohio company manufactures a single product that sells for 168 per unit and whose total
Once the break-even point is reached:
seton company manufactures a single product that sells for 360 per unit and whose total variable cost are 270 per unit.
At what level of sales (in units) for the two-month period should Birch Company be indifferent between closing the plant or keeping it open? Show computations.
Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; of $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you ch..
Monica (not in the loan business) loaned Lateisha $25,000 two years ago. During the current year, Lateisha declared bankruptcy. The bankruptcy trustee informed the unsecured creditors that no assets are available for distribution from the bankrupt..
An examination of Taylor's payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hour. ..
the audit risk model has become the commonly used basis for audit planning. the following are independent situations
What tax years are available to corporations? How do the options differ from other forms of business organizations?
Don, who owed Dan $1,000 for his share of the cost of a fishing trip they took together 2 years ago, transferred to Dan a check for $700 that he had just received from a customer. Has Dan given value for holder in due course purposes?
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