Illustrate what were equivalent units for conversion costs

Assignment Help Financial Accounting
Reference no: EM13124759

Doe Company uses the weighted-average method in its process costing system. The assembly dept. started the month with 7100 units in its beg. work in process inventory that were 80% complete with respect to conversion costs. An additional 82,000 units were transferred in from the prior dept. during the month to begin processing in the assembly dept. There were 4400 units in the ending work in process inventory of the assembly dept. that were 30% complete with respect to conversion costs. What were the equivalent units for conversion costs in the assembly dept. for the month?

Reference no: EM13124759

Questions Cloud

Symmetric group of degree : S4 means symmetric group of degree 4, A4 means alternating group of degree 4, e is the identityIs there a group homomorphism $:S4 -> A4, with kernel $ = {e, (1 2)(3 4), (1 3)(2 4), (1 4)(2 3)}?
What was the correct change in the general fund balance : General government revenues for the year were $800,000 with an overall increase in the city's net assets of $150,000.
Identify the relevant tax issues : If Agnes should die before making the gift, her will stipulates that Stan will receive the stock. Identify the relevant tax issues that Agnes should consider in making her decision.
Which is true with respect to conclusion reached : If the researcher deems the data to be statistically significant, which of the following is true with respect to a conclusion reached?
Illustrate what were equivalent units for conversion costs : There were 4400 units in the ending work in process inventory of the assembly dept. that were 30% complete with respect to conversion costs. Illustrate what were the equivalent units for conversion costs in the assembly dept. for the month?
What is the journal entry needed to record the payment : On March 17, Grady Company agrees to accept a 60-day, 9%, $10,200 note from Alert Company to extend the due date on an overdue account. What is the journal entry needed to record the payment of the note by Alert Company on the maturity date?
Selling or administrative expenses : If the contract is obtained, it is anticipated that the additional activity will not interfere with normal production during April or increase the selling or administrative expenses.
Prepare the journal entries to record the sale : Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2011.
Company laid-off : Your team will act as the leader for the organization. Some members of different functional areas of the company are not in favor of the change and do not believe that Kindle will provide the services and products students and instructors need. In or..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the amount of write-down reversal using us gaap

Evaluate the amount of write-down reversal (if any) required using US GAAP. Calculate the write-down on both an individual and a total inventory basis.

  Illustrate what public service do you think it provides

The Taxpayer Compliance Measurement Program has been controversial. Illustrate what public service do you think it provides? Should it be discontinued or changed in any way? If yes, in what ways and why? If not, why not?

  Determine the annual rate of return on investment

Determine the annual rate of return on investment? Use 360 day year in your calculation and evaluate the annual rate of return on investment? Use 360 day period

  Evaluate clients financial statement balance for inventory

Evaluate clients financial statement balance for inventory

  Decision on lease or buying the home

Decision on lease or buying the home - Which is the preferred alternative after one year? (Interest payments over the first year would equal $17,852.)

  Make the necessary adjusting journal entries at december

Make the necessary adjusting journal entries at December 31, 2007, and December 31, 2008 to record depreciation for each year using straight-line depreciation method.

  Figure out the subsequent tax implications for bb

Figure out the subsequent Tax Implications for BB, Meaningful, American Red Cross, The Partnership and the Government. Income Tax and Gift Tax

  Find the expected return and the standard deviation

Calculation of variance and standard deviation - Find the expected return and the standard deviation of the return on Kate's investment?

  Computation of total cash

Computation of total cash received from the selling of merchandise - What was the total cash received from second during July

  Determine the expected full cost of the surenex engagement

Determine the expected full cost of the Surenex engagement, including an allocation of overhead. Determine the lowest amount that Connie can bill on this engagement without hurting company profit?

  Compute the amount of change in terms of both dollars

Wofford Company had net sales of $150,000 in its first year and $187,500 in its second year. Compute the amount of change in terms of both dollars and percentage.

  Purpose a statement of revenues and changes in fund balance

Purpose a Statement of Revenues, Changes and Expenditures in Fund Balance for the debt service fund

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