How many units were completed during april

Assignment Help Accounting Basics
Reference no: EM13135294

Using first-in first-out method of computing equivalent units and assigning product costs. beginning WIP (10% complete), 3,000 units, $10,000 production costs, Current period production, 20,000 units, 70,240 production costs, ending WIP (85% complete), 5,000 units: a. how many units were completed during april?

Reference no: EM13135294

Questions Cloud

Analysis of general ledger accounts : An analysis of the general ledger accounts indicates that equipment, which had cost $37,000 and on which accumulated depreciation totaled $32,000 on the date of sale, was sold for $8,000 during the year.
What is the rate of reaction : The rate of disappearance of HBr in the gas phase reaction  2HBr (g) → H2 (g) + Br2 (g)
Regular topological spaces : Reals with the "finite complement topology:" U open in X if U - X is finite or is all of X. Why compact? Why not regular? Reals with the "countable complement topology:" U open in X if X - U is countable or is all of X. Why not compact? Why not regul..
Determine the capacity of a cylindrical tank : Find the capacity of a cylindrical tank that is 250 feet in diameter and 30 feet high? In the above problem, what is the capacity if the tank is 75% full, and what is the capacity in gallons?
How many units were completed during april : Using first-in first-out method of computing equivalent units and assigning product costs. beginning WIP (10% complete), 3,000 units, $10,000 production costs, Current period production, 20,000 units, 70,240 production costs, ending WIP (85% compl..
Covers of topological spaces : Here is an example of what: In space Reals with the "usual topology.", call it X, the covering A={(-n, inf) | n natural number} of X contains no finite subcollection that covers X.
What is the engineer concern about the overhead rate : ABC Inc., a specialized equipment manufacturer, uses a job order costing system. The overhead is allocated to jobs on the basis of direct labor hours. The overhead rate is now $2,000 per direct labor hour.
Basis of the new barn : A barn, destroyed by fire, had a basis of $40,000. The owner received $50,000 in insurance proceeds. The barn was replaced by another barn costing $45,000. The basis of the new barn is:
What is cottons capital balance after this new investment : Bishop has a capital balance of $ 120,000 in a local partnership, and Cotton has a $ 90,000 balance. These two partners share profits and losses by a ratio of 60 percent to Bishop and 40 percent to Cotton. Lovett invests $ 60,000 in cash in the pa..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Average-marginal tax-llc and gaap

Explain the meaning of the term "accounting principles" as used in the audit report. How is it determined if an accounting principle is "generally accepted". Discuss the sources of evidence for determining whether an accounting principle has substa..

  Earnings per share for the year

Compute Dow's earnings per share for the year ended December 31, 2011. (Do not round intermediate calculations. Round your answers to 2 decimal places.

  Correcting entries and retained earnings

Make the appropriate entry to correct the error. Prepare a statement of retained earnings for Tall Industries for the year ended December 31, 2006.

  Unit selling prices and unit costs

The production department has met all production requirements for the current month and has an opportunity to produce additional units of product with its excess capacity. Unit selling prices and unit costs for three different drill models are as ..

  Discussion of the feasibility of the project

Prepare a summary cash budget for the year, showing any borrowing and repayment of debt with interest. Discuss Big Als ability to repay the expansion loan. Include a discussion of the feasibility of the project. Include qualitative factors to be c..

  Determine the predetermined overhead rate

Determine the predetermined overhead rate for the year 2011. Set up a T-account for Factory Overhead and enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate.

  Book value of klingons assets today

If all the current assets were liquidated today, the company would receive $855,000 cash. What is the book value of Klingon's assets today?

  Prepare a balance sheet

prepare a Balance Sheet, given details attached below,  Acid Test Ratio : 2.5,  Current Ratio : 1.5, Net working capital Rs. 10, 00,000, Fixed Assets ?, Share holders fund Rs. 15, 00,000, Stock\ Inventory ?

  Various approaches to setting transfer prices

What are the main approaches for setting transfer prices? How can the problems that these approaches create be reconciled between the selling and buying divisions?

  How much should the town report as property tax revenue

How much should the town report as property tax revenue in its General Fund statements for the year 2009?

  What is the effect on earnings in the year

The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated. Ignoring taxes, what is the effect on earnings in the year after the options are granted to executives?

  Analysis of agency

Identify a public agency - either at the local, state, or federal levels - that has undergone significant change in the last 25 years. You may choose an agency that you have had personal experience with, or you may choose a public agency that you ..

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