Solution-What are kwan equivalent costs per equivalent unit

What are kwan equivalent costs per equivalent unit

Assignment Help Cost Accounting

Reference no: EM132948906

Problem - Kwan Manufacturing Company uses a process costing system. All materials at Kwan are added at the beginning of the production process. For the month of October, equivalent units for materials were 40,000 under the weighted-average method and 36,000 under the FIFO method. Kwan's costs for October were as follows:

Cost in beginning work in process (October 1) P25,200

Cost added to production during October 262,800

Total cost P288,000

What are Kwan's equivalent costs per equivalent unit for October for materials under both process costing methods under WA and FIFO, respectively?

Reference no: EM132948906

Questions Cloud

Indicate the billiards company should make an accrual : How do Indicate whether the Billiards Company should make an accrual, a footnote disclosure, or neither of these for the contingency.

How a business utilizes accrual journal entries : Find an article that discusses how a business utilizes accrual journal entries. Then, present a summary of the article or provide a real-life example.

Record the entries made at the date of issuance : Record the entries made at the date of issuance and the date of exercise, assuming all warrants are exercised on December 31, 2023.

Indicate the amount of cost of goods sold : Crane Company sells 297 units of its products for $21 each to Logan Inc. for cash. Indicate the amount of cost of goods sold

What are kwan equivalent costs per equivalent unit : What are Kwan's equivalent costs per equivalent unit for October for materials under both process costing methods under WA and FIFO, respectively

Compute basic earnings per share : Compute basic earnings per share. $500,000 of 7% bonds at 103, which are due April 30, 2022.Each bond is convertible into 200 shares

Set up t account with petty cash entries : Set up t account with petty cash entries. Oct. 5 Collected $2,600, the amount due from A. Pitale's invoice no. 12674, customer on account

What is lion share of net income earned by jaguar : What is the amount of the amortization of the unrealized gain for 2020 arising from the transfer of TIGER's assets? What is LION's share of net income earned?

Prepare the journal entries for the issuance and conversion : Khaki Co. issued 80,000 shares of 5%, $100 par, Prepare the journal entries for the issuance and conversion of the convertible preferred stock.

User Account

All Pages

What are kwan equivalent costs per equivalent unit

Reference no: EM132948906

Reference no: EM132948906

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT