What would the cost per equivalent unit for conversion costs

Assignment Help Accounting Basics
Reference no: EM132731752

Question - The first processing department of BAKAL CO., the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was P64,800. An additional 84,000 units were started into production during the month and 78,000 units were completed and transferred to the next processing department. At the end of the month there were 24,000 units in the ending work in process inventory that were 30% complete with respect to conversion costs. A total of P431,520 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month if the department uses FIFO?

Reference no: EM132731752

Questions Cloud

What is the market value of preference shares : A firm has issued $5 million bonds that pay a 6.5% annual coupon and the yield to maturity is 6%. What is the market value of preference shares
Compute the depreciation expenses for each year : Skynet Computers bought a machine for making printed circuit boards (PCBs) for $800000. Compute the depreciation expenses for each year
Theory of causation : Choose a theory of causation. Do you agree or disagree with the theory? Why or why not?
What would be the unit cost of the good coats produced : Assume instead, that the spoilage loss is attributable to exacting specification of Job 301, What would be the unit cost of the good coats produced on Job 301
What would the cost per equivalent unit for conversion costs : A total of P431,520 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs
Interviewing and interrogations are conducted in different : Interviewing and interrogations are conducted in different settings. What environments should interviews and interrogations be conducted in? Why?
What is the probability that a student gets a mark higher : The results for the final examination (graded on a scale of 100), in EMBA Data Analysis, What is the probability that a student gets a mark higher than 90
Information security and cyber crime and terrorism : Identify one to two potential ethical challenges that security professionals may face as technology advances, applications become more mobile,
How much will he have saved : If Mike saves 5% of his salary each year and invests these savings at an interest rate of 8%, how much will he have saved by age 60

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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