The illinois company manufacturers a product

Assignment Help Accounting Basics
Reference no: EM13231689

The Illinois company manufacturers a product that goes through three processing departments. Information relating to activity in the first department is during June given below:

Percentage completed: 
Units materials conversion

Work in process, June 1, 150,0000 75% 55%
Work in process June 30 145,000 85% 75%

The department started 475,000 units into production during the month and transferred 480,000 completed units and costs.
Required: Compute the equivalnet units fo production for the first department for June assuming that the company yses the weighted-average method of accounting for units and costs. Show the format and formulas  

Reference no: EM13231689

Questions Cloud

An individual and the distribution is treated as a dividend : What are the tax consequences to Checker and to Bailey if Bailey is an individual and the distribution is treated as a dividend?
Discuss the russian revolution : Discuss the Russian Revolution book. What accounts for the success of a communist party in taking over Russia’s government? Why was a democratic, capitalist party not able to take over the government?
Describe morphine nitrate is quite soluble : Many drugs that arenatural Bronsted bases are put into aqueous solution as their much more soluble salts with strong acids. The powerful painkiller morphine, for example, is very slightly soluble in water, but morphine nitrate is quite soluble in ..
What happens to total loans and security holdings of banks : b. Suppose the Fed makes a $2m open market sale. What happens to total deposits and the money supply What happens to total loans + security holdings of banks c. If banks collectively borrow $3m from the Federal Reserve, what happens to total deposi..
The illinois company manufacturers a product : The Illinois company manufacturers a product that goes through three processing departments.
Describe the biogoelogical systems : how does matter flow through biogoelogical systems? How are biological and geological cycles related? identify one nutrient and explain
Under what conditions would a project manager make changes : under what conditions would a project manager make changes to a baseline? Be sure to give at least 1 example for each condition.
State what is the value of kc : In industrial process, the stoichiometric ratio of CO to H2 is used. If the reaction is carried out at a totl pressure of 30 atm, what partial pressures of CO and H2 are used
What is the utilization rate of the bartender : assuming that everyone in the bar drank at the same rate and that suzy served people on a first come, first served basis, how long would you expect to have to wait for a drink?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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