Solution-What are the equivalent units for conversion costs

What are the equivalent units for conversion costs

Assignment Help Managerial Accounting

Reference no: EM13502127

Question

Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were

	Cost	Percent Complete
Material costs	$6,000	50%
Conversion costs	$9,900	30%

A total of 9,200 units were started, and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

	Cost
Material costs	$113,900
Conversion costs	$322,500

The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs

What are the equivalent units for conversion costs for the month in the first processing department?

Reference no: EM13502127

Questions Cloud

What is the distance between brittany and phillip : A point source of sound that emits uniformly in all directions is located in the middle of a large, open field. What is the distance between Brittany and Phillip

Explain nitric acid reacts with calcium hydroxide : Write a balanced equation for the following reaction: nitric acid reacts with calcium hydroxide to produce water and calcium nitrate

A tool for project planning and scheduling from various tool : You need to select a tool for project planning and scheduling from various tools available in the market. What factors would you consider in selecting the most appropriate software tool for your company? Based on the stated factors, how will you comp..

Define the standard enthalpy of a reaction : When is the standard enthalpy of a reaction for which the equilibrium constant is doubled,when the temperature is increased by 10 K at 298 K

What are the equivalent units for conversion costs : What are the equivalent units for conversion costs for the month in the first processing department?

Define the difference in concentration must be sustained : The difference in concentration must be sustained by coupling to reactions that have at least that difference of Gibbs energy

What was the cost of goods sold for the year : Sanker Inc. has provided the following data for the month of August. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

Find the minimum frequency a photon must have : Find the minimum frequency a photon must have if it is to ionize the n = 1 state of a doubly ionized lithium atom

Explain highly humid room result in different rf values : Suggest a reason that TLC plates that are stored in a highly humid room result in different Rf values than plates that are stored in a dehumidified enviorment.

User Account

All Pages

What are the equivalent units for conversion costs

Reference no: EM13502127

Reference no: EM13502127

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT