There were 14000 units in the ending work in process

Assignment Help Accounting Basics
Reference no: EM13388359

Boml Company uses the weighted-average method in its process costing system. The Assembly Department started the month with 4,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. An additional 62,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 14,000 units in the ending work in process inventory of the Assembly Department that were 30% complete with respect to conversion costs.

What were the equivalent units for conversion costs in the Assembly Department for the month?

A) 56,200

B) 55,400

C) 72,000

D) 52,000

Reference no: EM13388359

Questions Cloud

Microeconomics and macroeconomics explain the differences : your son is graduating from high school and is about to enter the work force. he has developed a strong curiosity about
Under the weighted-average method of process costing costs : under the weighted-average method of process costing costs from the prior period are averaged with those of the
Calculate the financial ratios for the assigned companys : calculate the financial ratios for the assigned companys financial statements and then interpret those results against
Based on your purchase what is 1 social group or : write 400-600 words that respond to the following questions with your thoughts ideas and comments. identify the
There were 14000 units in the ending work in process : boml company uses the weighted-average method in its process costing system. the assembly department started the month
Suppose interest rate differential in dollar and swiss : suppose interest rate differential in dollar and swiss francs is 4 percent per annum u.s. and swiss interest rates are
What strategy or combination of strategies did : 1. what strategy or combination of strategies did harley-davidson use to become such a successful organization?2. to
Describe the following points regarding how to recognize : within the discussion board area write 200-300 words that respond to the following questions with your thoughts ideas
Mountain state sporting goods case is derived from an : mountain state sporting goods case is derived from an actual fraud occurrence. the case proceeds through the five

Reviews

Write a Review

Accounting Basics Questions & Answers

  Adjusting entry on client books

The client considers a sale to be made in the period that goods are shipped. Listed below are four items taken from the CPA's sales cutoff test worksheet. Which item does not require an adjusting entry on the client's books?

  Opportunity cost of using machinery

In deciding whether or not to accept a special order, what is the opportunity cost of using machinery for which the firm has sufficient excess capacity to accept the order?

  Problem related to record the leased asset

The present value of an annuity due of 1 for six years at 8% is 4.99271. Metcalf should record the leased asset at ??

  Question regarding the required production

XYZ Company has forecasted June Sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June inventory reflects this policy. What is June's required production?

  Year end retained earnings balance

Also, during the current year, the company earned net income of $12,000 and declared cash dividends of $5,000. Compute the year end retained earnings balance

  Journal entry to record the bond issuance

Prepare the journal entry to record the bond issuance by Ryan on January 1, 2011.

  Managerial reporting of standard variance

Should this managerial reporting of standard variance practice be permitted to continue.

  Calculate the amount of dividends in arrears

Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred stock which has a dividend rate of 6%. They have not declared any cash dividends on the stock in the last 3 years.

  Why would a state or local government establish a capital

why would a state or local government establish a capital projects fund? what type of project might be considered a

  Standard deviation and capm beta estimates

Standard  deviation and capm beta estimates

  Audit of the clients financial statements

On April 3, 2001, the client asked the CPA to audit the client's financial statements for the year ended December 31, 2001. Is the CPA considered independent with respect to the audit of the client's December 31, 2001, financial statements?

  Transactions between unrelated parties involve payments

All of the following transactions between unrelated parties involve payments to be made in succeeding taxable years. For which of the following transactions may the installment method not be used?

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