Your answere may differ from those offered below due to

Assignment Help Accounting Basics

Reference no: EM13590752

Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 80 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.

Note: Your answere may differ from those offered below due to rounding error. In all cases, select the answer that's the closest to the answer you computed. To reduce rounding error, carry out all computations to at least 3 decimal places.

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

Reference no: EM13590752

Questions Cloud

What would you do if you were the cfo of the xyz company : what would you do if you were the cfo of the xyz company that is listed on the stock exchange and find through the

The company produced 5000 units using 10310 kilos of the : landram corporation makes a product with the following standard costs inputsstandard quantitynbspnbspnbspor

Marcus company uses both standards and budgets for the year : marcus company uses both standards and budgets. for the year estimated production of product x is 500000 units. total

Sometimes companies change the extent to which they can : sometimes companies change the extent to which they can significantly influence an investee such that they have to

Your answere may differ from those offered below due to : abis corporation uses the weighted-average method in its process-costing system. this month the beginning inventory in

Empirical research cited in the text indicates that firms : empirical research cited in the text indicates that firms with an operating cash flow to current liabilities ratio

The book value of jji assets and owners equity before the : during the current year peterson data coorporation purchased all of the outstanding common stock of junior jackson inc.

An audit revealed that in determining these amounts the : an audit revealed that in determining these amounts the ending inventory for 2012 was overstated by 18000. the company

The following table presents a summary of ratio analysis : the following table presents a summary of ratio analysis for uncle joes coffee based on the most recent 12 months and 5

User Account

All Pages