The may 1 work in process inventory consisted of 54000

Assignment Help Accounting Basics

Reference no: EM13579157

The May 1 work in process inventory consisted of 54,000 pounds with $50,760 in materials cost and $27,000 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 377,000 pounds were started into production. The May 31 inventory consisted of 132,000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.

Required: Determine the equivalent units of production for May.

Reference no: EM13579157

Questions Cloud

Gardenia company has the following projected account : gardenia company has the following projected account balances for june 30 20x9accounts payable 60000sales

On january 2 sharpe company purchases 30 of the 10000 : on january 2 sharpe company purchases 30 of the 10000 outstanding shares of 10 par common stock of barron corporation

A product has a contribution margin of 4 per unit and a : a product has a contribution margin of 4 per unit and a selling price of 20 per unit. fixed costs are 18000. assuming

You toss a fair coin 400 times using the normal : you toss a fair coin 400 times. us- ing the normal approximation find the approximate probability of getting1 exactly

The may 1 work in process inventory consisted of 54000 : the may 1 work in process inventory consisted of 54000 pounds with 50760 in materials cost and 27000 in conversion

The prepaid insurance account had a 5000 balance on : a. three-fourths of the work related to 13000 cash recieved in advance is performed this period.b. wages of 8000 are

Determine the cost of the units completed and transferred : determine the cost of the units completed and transferred to the blending department during may. round your

Barker co acquired 75 percent of the voting common stock of : barker co. acquired 75 percent of the voting common stock of smith corp. on january 1 2013. during the year barker made

The steps in the accounting cycle are listed in random : the steps in the accounting cycle are listed in random order. fill in the blank next to each step to indicate its order

User Account

All Pages