Used in calculating the cost per unit for materials

Assignment Help Financial Accounting
Reference no: EM13827387

Adnan Company uses process costing. At the beginning of the month, there were 3,000 units in process, 70% complete with respect to material, and 60% complete with respect to conversion costs. 20,000 units were started during the month and 20,000 units were completed. The units in ending Work-In-Process Inventory were 90% complete with respect to material and 30% complete with respect to conversion costs. How many equivalent units will be used in calculating the cost per unit for materials? **show work

Reference no: EM13827387

Questions Cloud

Environmental forces in marketing : Find an article which discusses one or more companies, groups or organizations which face a challenge by one or more of the environmental forces.
Challenges for second language learnings in school : During the complex process of acquiring a second language, children sometimes exhibit behaviors that result in their being incorrectly labeled as "challenging" or as having communication disorders.
Orchid partners-a venture capital start-up : Case Study: Orchid Partners: A Venture Capital Start-Up. Hart, Myra M.; Lieb, Kristin J. Revised 04/21/2004.
What is the machines payback period : Caliber Lawnmower Company is considering the purchase of a new machine costing $800,000. The company’s management is estimating that the new machine will generate additional cash flows of $180,000 a year for 10 years and have a salvage value of $50,0..
Used in calculating the cost per unit for materials : Adnan Company uses process costing. At the beginning of the month, there were 3,000 units in process, 70% complete with respect to material, and 60% complete with respect to conversion costs. 20,000 units were started during the month and 20,000 unit..
Specify proper fail-safe action for valves in heat exchanger : Specify the proper fail-safe action for the valves in the following services. Please explain your reasons. A flammable solvent is heated by steam in a heat exchanger. The valve manipulates the flow of the steam to the exchanger
Marketing strategy for finish dishwashing detergent brand : Marketing Strategy for Finish Dishwashing Detergent Brand
Account rate of return associated with equipment investment : Nylan Tiles Company is considering an investment in new equipment costing $850,000. The equipment will be depreciated on a straight line basis over 5 year life and is expected to have a salvage value of $50,000. The equipment is expected to generate ..
Explain the difference between society and culture : The problem is related to Sociology and the problem is discusses about the difference between society and culture.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the entry to record the issuance of the stock

The Shoe Exchange issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $10 per share. What is the entry to record the issuance of the stock?

  Question most accounting professionals would agree that the

question most accounting professionals would agree that the accounting profession has developed effective tools for

  What is statute of limitation if she inadvertently omitted

What is statute of limitation if she inadvertently omitted $100,000 of income on her 2010 return? What if she omitted $120,000 of income?

  Post to the general ledger

Record the following transactions in the general journal - After recording the transactions listed above, post to the general ledger.

  Martinez dollar amount projections in his business plan

What would be Martinez dollar amount projections in his business plan.

  Determine the irr of the project

Calculation of Arithmetic ,Geometric Mean and NPV and determine the IRR of the project? (Do not include the percent sign (%). Round your answers to 2 decimal places, e.g. 32.16.)

  Breakeven analysis-compute the breakeven point in sales unit

Meadowlands Design products head covers for golf clubs. The company expects to generate a profit next year. It anticipates fixed manufacturing costs of $200,500 and fixed general and administrative expenses of $80,000 for the year. Variable Manufactu..

  1 why might a company want to reduce its cash conversion

1. why might a company want to reduce its cash conversion cycle? consider the financial statement implication of

  Did the foreign currencies increase or decrease in dollar

Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

  Calculate the profit margin ratio and the gross profit rate

Prepare a multiple-step income statement, a retained earnings statement, and a classified balance sheet and calculate the profit margin ratio and the gross profit rate.

  What was the book value of the fixed assets

In a recent balance sheet, Microsoft Corporation reported Property, Plant, and Equipment of $742,670 and Accumulated Depreciation of $430,700. What was the book value of the fixed assets?

  How many units were started was started during the period

The production report for Matthews, Inc included the following information for May: How many units were started was started during the period?

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