Reference no: EM132967674
Fisher Company uses the FIFO method in its process costing system. Operating data for the Smelting Department for the month of September appear below:
Units Percentage complete
Beginning work in process inventory 19,000 80%
Transferred in from the prior
department during September 74,000
Ending work in process inventory 17,000 90%
According to the company's records, the conversion cost in beginning work-in-process inventory was $83,600 at the beginning of September. Additional conversion costs of $427,682 were incurred in the department during the month.
Problem 1: What would be the cost per equivalent unit for conversion costs for September on the Smelting Department's production report? (Round off to three decimal places.)
a) $5.498.
b) $5.779.
c) $5.620.
d) $5.500.
|
How ethical factors and differences in ethical standards
: Describe how ethical factors and differences in ethical standards affect the negotiation process - write a 2-page critique on the article
|
|
Major pros and cons of unions
: What do you believe are the major pros and cons of unions today?
|
|
What would be the equivalent units of production
: If 10,000 units were transferred to the next processing centre during the month, what would be the equivalent units of production for conversion costs?
|
|
How much of rubio loss from the limited partnership
: How much of Rubio's $22,000 loss from the limited partnership can he deduct in the current year considering all limitations
|
|
What would be cost per equivalent unit for conversion cost
: What would be the cost per equivalent unit for conversion costs for September on the Smelting Department's production report?
|
|
How much is net working capital
: Alesha, Inc., has current assets of $4,000, net fixed assets of $23,100, current liabilities of $2,500, How much is net working capital
|
|
Calculate the cost of equity using the capm
: The most recent stock price for the company is $50.00. Calculate the cost of equity using the CAPM (capital asset pricing model) method
|
|
What predetermined overhead rate, as a percentage
: From this information, what predetermined overhead rate, as a percentage of direct labour costs, does the company appear to be using?
|
|
Prepare a cash budget for june and july
: Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of each month
|