Weighted-average process cost system

Assignment Help Financial Accounting
Reference no: EM13823264

Arizaga Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiber glass panels are attached to a canoe- shaped aluminium frame. The canoes are then transferred to the Waterproofing department to be coated with sealant. Arizaga uses a weighted-average process cost system to collect costs in both departments.

All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 430 canoes in process that were 20% complete with respect to conversion cost. On July 31, Fabrication had 650 canoes in process that were 30% complete with respect to conversion cost. During July, the Fabrication Department completed 7,800 canoes and transferred them to the Waterproofing Department.

What are the Fabrication Department's equivalent units related to materials for July?

Reference no: EM13823264

Questions Cloud

Product costs for financial reporting except : All of the following are product costs for financial reporting except:
Projected to be produced and sold : What is total estimated cost for August if 30,000 units are projected to be produced and sold?
What is the budgeted contribution margin ratio : If Swannanoa Company's budgeted sales are $1,000,000, fixed costs are $350,000, and variable costs are $600,000, what is the budgeted contribution margin ratio? If the contribution margin ratio is 30%, sales are $900,000 and fixed costs are $200,000,..
Director of public works for the community : Imagine a community for which its first roundabout is being built, something that is a relatively recent occurence even in this area.  As the Director of Public Works for the community, how might you educate the members of the community?  Which membe..
Weighted-average process cost system : Arizaga Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiber glass panels are attached to a canoe- shaped aluminium frame. The canoes are then transferred to the Waterproofing departm..
Accounted for under the weighted-average method : In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $45,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $..
Conversion costs under the weighted-average method : Valley Manufacturing Corporation's beginning work in process inventory consisted of 12,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning inventory was $35,000. D..
What is the significance : What is the significance? Which statistical method(s) will be used when determing your zodiac sign? This only has to be a 2 page assignment and it can be double spaced.
Weighted-average method in its process costing system : Trapp Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 4,000 units that were 80% complete with respect to materials and 70% complete with respe..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Analysis of unfavorable income variancethe markley division

analysis of unfavorable income variance.the markley division of rosette industries manufactures and sells patio chairs.

  Questiondan barnes financial manager of ski casts is

questiondan barnes financial manager of ski casts is requesting a line of credit from the companys bank. the company

  What is statute of limitation if she inadvertently omitted

What is statute of limitation if she inadvertently omitted $100,000 of income on her 2010 return? What if she omitted $120,000 of income?

  Dominic hunter a second-year business student at the

dominic hunter a second-year business student at the university of utah will graduate in two years with an accounting

  Make a necessary adjusting entry for accrued interest

Failure to make a necessary adjusting entry for accrued interest on a note payable would result in which of the following?

  Prepare income statements for both years

Required: Prepare income statements for both years using both absorption and variable costing methods.

  What amount of bad debt expense was recognized

Accounts receivable less allowance for bad debts of $9,500 and $17,900 for 1999 and 1998 respectively and Kinkos wrote off $10,650 of receivables as bad debts during 1999. What amount of bad debt expense was recognized for the year 1999?

  Calculate the amount of gross profit earned by kelly

Calculate the amount of gross profit earned by Kelly from the sale of the 60 units - Kelly Technology makes home office furniture

  Exchange lacked commercial substance

A machine cost $240,000, has annual depreciation expense of $48,000, and has accumulated depreciation of $120,000 on December 31, 2014. On April 1, 2015, when the machine has a fair value of $96,000, it is exchanged for a similar machine with a fair ..

  Show the calculation of gain to be recognized from exchange

Equipment that cost $80,000 and has accumulated depreciation of $63,000 is exchanged for similar equipment with a fair value of $35,000 and $15,000 cash is received. The exchange lacked commercial substance.

  Prepare the entries that would be made relative to sales

The company purchased 6000000 at 0.20, sold 275,000 boxes of soap at 0.50 and 120,000 coupons were presented for redemption. Instructions Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in both 2..

  What maintenance cost would the company expect to incur

The delivery trucks of Slavin Transport Company incurred $3,600 of maintenance costs during the busiest month of 2004, in which 12,000 miles were driven collectively. During the slowest month, $2,800 in maintenance costs were incurred, and 8,000 mile..

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