What are equivalent units for cloth

Assignment Help Cost Accounting
Reference no: EM132818330

Problem 1: Wentworth Company makes fabric-covered hatboxes. The company began September with 500 boxes in process that were 100 percent complete as to cardboard, 80 percent complete as to cloth, and 60 percent complete as to conversion costs. During the month, 3,300 boxes were started. On September 30, 350 boxes were in process (100 percent complete as to cardboard, 70 percent complete as to cloth, and 55 percent complete as to conversion costs). Using the FIFO method, what are equivalent units for cloth?

a. 3,295

b. 3,395

C. 3,450

d. 3,595

Reference no: EM132818330

Questions Cloud

Articulate the importance and usefulness of focus groups : Using additional research, please discuss the following: Articulate the importance and usefulness of focus groups. Compare and contrast the role.
Find what amount did small company pay for interest : For the current year and paid cash dividend of P 480,000 on December 31, 2020. What amount did small Company pay for the 25% interest in Big Company?
Construct peta profit and loss statement : Pet Energy Therapy Association (PETA) treats peoples' pets, and has the following cost structure:
Describe developmental and two experience-based influences : Describe at least two developmental and two experience-based influences on self-regulation in young children. Use either a scholarly or credible source.
What are equivalent units for cloth : Using the FIFO method, what are equivalent units for cloth? The company began September with 500 boxes in process that were 100 percent complete
Marketing Essay Topic - Marketing Plan : Assignment Marketing Essay Topic - Marketing Plan. Using the sections below, analyze the competitive market, the company's targeted market segments
How much did the preferred shareholders receive : How much did the preferred shareholders receive in 2000? How much did the preferred shareholders receive in 2001? How much did the common shareholders receive
Develop an awareness of developmental milestones : Every child grows and develops differently. Individual child outcomes are influenced by values and practices of family, culture, and community.
Calculate tamara annual shareholder return : Calculate Tamara's annual shareholder return. Tamara June purchased 100 shares of All-Canadian Manufacturing Company stock at $29 1/2 a share.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Find and post the journal entries to the accounts

Post the journal entries to the accounts, setting up any new ledger accounts necessary. Only controlling accounts are to be maintained

  How the latham company provides the standard cost

The Latham Company provides the following standard cost data per unit of product.

  Activity-based management talbot partners is a consulting

activity-based management talbot partners is a consulting firm with clients across the nation. within the company is a

  How depreciation provides a means of expensing the cost

A newly hired manager of a engineering company,does not understand how the cost of the firm's equipment is expensed.

  For each of the subsequent independent cases evaluate the

for each of the subsequent independent cases evaluate the units or equivalent units requested assuming weighted-average

  Prepare a statement of cash flows for jem company

Prepare a statement of cash flows for JEM Company for the year ended December 31, 2003. Use the indirect method to report cash flows from operating activities.

  Demonstrate the total target cost is

Demonstrate The total target cost is?Desired profit per unit is $1.84. The expected unit sales price is $22 based on 10,000 units.

  How do compute for the cost of goods sold

How do Compute for the Cost of Goods Sold. Purchase Returns and Allowances 10,500. Sales 390,000. Accumulated profits, beginning 114,400

  Critique the analyses provided by the analysts

Critique the analyses provided by the analysts. If there are errors, highlight which variances are in error, and provide the corrected analysis.

  Prepare income statement for year under absorption costing

Compute the number of units and cost of units in the finished goods inventory at the end of the year. Prepare an Income Statement for the year.

  Determine what inventory turnover is

Inventory at the beginning of the period was P50,000 and at the end of the period was P70,000. Net income is P40,000. Inventory turnover is

  Prepare the journal entries for plano

Plano maintained the ability to significantly influence Sumter's decision-making process. Assume that Plano uses a weighted average costing system. Prepare the journal entries for Plano for the years of 2009 through 2012.

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