User Account

All Pages

What is the equivalent units for november

Assignment Help Accounting Basics
Reference no: EM132781398

Problem 1: Coffee Company has the following production data for the month of November, 2020: Work-in-process, beginning 20,000 units Started during the month 80,000 units Transferred-out 66,000 units Work-in-process, ending 30,000 units Abnormal lost units 4,000 units Materials are added at the beginning of the process. As to conversion costs, the beginning work-in-process was 30% incomplete & the ending work-in-process was 40% incomplete. Lost units are detected at the end of the process. Using the average method, what is the equivalent units for November with respect to conversion costs?

a. 84,000
b. 88,000
c. 90,000
d. 92,000

Reference no: EM132781398

Questions Cloud

Find three real-life applications for distributed database : Find three real-life applications for which each of these approaches would be more appropriate. Discuss the features of these application
Write report to supervisor in relation to the views : Recently Sea Eagle Ltd experienced a strike that affected, Write report to your supervisor in relation to the views of the group accountant of Sea Eagle Ltd.
How does an entity choose between depreciation methods : How does an entity choose between depreciation methods, for example, straightline versus diminishing balance models? How is cost determined?
What the total number of estimated direct labor hours : Estimated factory overhead is P600,000, The wage rate for direct labor is P6 per hour, and the total number of estimated direct labor hours for the period is
What is the equivalent units for november : Lost units are detected at the end of the process. Using the average method, what is the equivalent units for November with respect to conversion costs?
What amount should be reported for cash : Checks outstanding, $2,870. If the balance sheet is prepared for Mathers Co. on July 31, what amount should be reported for cash
How much did the owner withdraw : If the owner contributes $17,600 and net income is $19,500, how much did the owner withdraw (owner, withdrawals)? What is the equity at the end of the year?
Which is not true about the statement of financial position : Which is not true about the Statement of Financial Position in the given choices? Biological Assets should be reported in the statement of financial position
What line item under current assets : The trading securities and other investments in quoted equity instrument is an example of what line item under current assets?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What journal entry would Haps need to make on September

Haps Company lends $10,000 to Sleps Company on September 15 for 90 days at 6% interest. What journal entry would Haps need to make on September

  Valentine corporation has a noncontributory defined benefit

valentine corporation has a noncontributory defined benefit pension plan. data for 2004 were as follows pension plan

  How much will the firm owe

Hopkins Books Inc. wishes to borrow $75,000 today for the purchase of publishing materials. How much will the firm owe if they repay the loan in exactly 1 year

  How can make a client letter to a sophisticated client

How can make a client letter to a sophisticated client? Your client, Teddy Chow, and his wife Abby filed a lawsuit to recover damages for personal injuries

  Prepare the appropriate journal entries

Prepare the appropriate journal entries for the above transactions for Crane Corporation.

  Discuss company want to report higher sales or net income

Under what circumstances would a company (or a manager) want to report higher sales or net income

  Calculate the labor quantity variance

During July, 2,000 units were produced using 4,200 hours at $24.40 per hour. The labor quantity variance was

  Calculate the equity income

Required: For 2017 and then for 2018, calculate the equity income to be reported by Pond for external reporting purposes

  Roi and residual income-new product line

Compute the East Division's ROI for last year; also compute the ROI as it would appear if the new product line is added and compute the East Division's residual income for last year; also compute the residual income as it would appear if the new pro..

  Berry company sold goods with a total selling price of

berry company sold goods with a total selling price of 800000 during the year. it purchased goods for 380000 and had

  Explain the types of unethical behavior that may occur

Explain the types of unethical behavior that may occur in the fixed assets area.

  What amount should be reported as gain from sale

The policy is to take no amortization in the year of disposal. What amount should be reported as gain from sale of patent in 2017

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd