Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Compute the total cost of units transferred out using the weighted-average method. 2. Compute the total cost of units in ending work-in-process inventory using the weighted-average method. 3. Compute the total cost of units transferred out using the FIFO method. 4. Compute the total cost of units in ending work-in-process inventory using the weighted-FIFO method. 5. Assign testing department costs to units completed and units in ending work-in-process inventory using the data from problem 33. Weighted average method.
Larsen Company manufactures car seat in its San Antonio plant. Each car seat passes through the assembly department and the Testing Department. This problem focuses on the Assembly department . The process costing system at Larsen Company has a single direct cost category (direct materials) and a single indirect cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the Assembly Department finishes work on each car seat, it is immediately transferred to Testing.
Larsen Company uses the weighted average method of process costing. Data for the Assembly Dept. for October 2009 are:
FIFO Method
Do problem 30 using the FIFO method of process costing. Explain the difference between the cost per equivalent unit in the Assembly Department under the weighted average method and the FFIFO method.
Transferred in costs, weighted average method. Larsen Company as you know is a manufacturer of car seats. Each car seat passes through the Assembly department and Testing department. This problem focuses on the Testing department. Direct materials are added when the Testing department process is 90% complete. Conversion costs are added evenly during the Testing departments process. As work in Assembly is completed, each unit is immediately transferred to Testing. As each unit is completed in Testing it is immediately transferred to finished goods. Larsen Company uses the weighted average method of process costing. Data for the Testing Department for Oct 2009 are:
Calculate break-even in pounds if the sales price increases by 10% and fixed costs increase by £12,000 and prepare a schedule of cash receipts for the first quarter.
a firm that sells a single product had a beginning inventory of 4000 units with a total cost of 28,000. early in the year, 10000 units were purchased at $9 each, using FIFO what is the value of the ending inventory of 3000 units?
Calculate the amount of phantom profit that would result if the company used FIFO rather than LIFO. Describe why this amount is referred to as phantom profit
this is an essay assignment in narrative format answering to the following three questions1 apply basic accounting
questionneed some assistance with a group international business assignmenttopic-a new buzz word brics is being
Explain why do you think larry stone wants to estimate the firm's hrdle rate? Is it justifiable to use the firm's weighted average cost of capital as the divisional cost of capital?
What amount of note payable should Largo include in the current liabilities section of its December 31, 2010 balance sheet?
At the beginning of the year, the capital account balances were: Fred capital, $42,365; Ethel capital, $51,352. What is Fred's capital account balance at the end of the year?
Musical earned $308,000 in net income 2011(not including any investment income) while martin reported $126,000. Assume there is no amortization related to the original investment. Prepare consolidated net income for 2011 and show all the work.
Sketch a flow chart that illustrates the steps in the accounting cycle. Include any other relevant information in the chart that would apply within the steps
Evaluate amortization for 2013 and prepare the journal entry to record the revaluation of the patent and evaluate amortization for 2014
Compute earnings per share data as it should appear on the income statement of Sosa Corporation.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd