Using the following data complete the requirements given

Reference no: EM13569703

Instructions: Using the following data, complete the requirements given below. When you are given amounts to assume as the answers to previous requirements, be careful to use such assumed amounts rather than your answers The finishing department of Curtis Corporation reports the following for January 2010: Production: All materials are added at the beginning of the process. Beginning work in process 20,000 units, 60% complete. Units started into production 240,000 units. Ending work in process 10,000 units, 40% complete. Manufacturing Costs: Beginning work in process, $40,000 comprised of $15,000 of materials and $25,000 of conversion costs. Materials added $160,000; labor and overhead added $465,000.

(A) Required: Compute equivalent units of production for(1) materials and (2) conversion costs. (B) Assume your answers to (A) above were 250,000 units for materials and 245,000 for conversion costs. Compute the unit costs for the month.

(C) Assume your answer to (B) above were $.90 for materials and $2.10 for conversion costs. Determine the costs to be assigned to the 240,000 units transferred out. (D) Assume the same unit costs as given in (C] above. Determine the costs assigned to the the 10,000 units in ending work in process.

Reference no: EM13569703

Questions Cloud

Tannwin co sells a new product called accountomatic and has : tannwin co. sells a new product called accountomatic and has predicted the following sales for the first four months of

Health care costs a businessweek article titled hsas could : health care costs a businessweek article titled hsas could keep you in the pink by christopher farrell describes the

Apache company sold a parcel of undeveloped land to a : apache company sold a parcel of undeveloped land to a construction company for 4300000. the book value of the land on

Reagan corporation computed income from continuing : reagan corporation computed income from continuing operations before income taxes of 4500000 for 2013. the following

Using the following data complete the requirements given : instructions using the following data complete the requirements given below. when you are given amounts to assume as

The most recent financial statements for abc company are : the most recent financial statements for abc company. are shown here income statement sales 8600 costs6020 net income

5 years 5000 hours of usage jan 2008 purchased 460000 : 5 years 5000 hours of usage jan 2008 purchased 460000 salvage value of 60000 at end of 5 years 2008 usage was 1200

Watchthevideoandreadarticlesaboutthezimbardoprisonexperiment : politicalanalysishttpwww.simplypsychology.orgzimbardo.htmlsthash.1ehvqsoe.dpbshttpwww.youtube.comwatch?vszwfns1pqg01.wat

Periodic inventory by three methods the units of an item : periodic inventory by three methods the units of an item available for sale during the year were as follows jan.1

User Account

All Pages