Assuming the weighted average method is utilized

Assignment Help Accounting Basics
Reference no: EM13134634

Pie Safe company's beginning work in process inventory included 10,000 units that are 20% complete with respect to direct labor costs. A total of 35,000 units are completed this month. There were 75,000 units in goods in process, one third complete for direct labor at the end of the month. What are the equivalent units of production with respect to direct labor at the end of the month, assuming the weighted average method is utilized?

Reference no: EM13134634

Questions Cloud

Reporting investment using the equity method : At the end of the year, Watkins still holds only $20,000 of mechandise. What ammount of unrealized gross profit must Panner defer in reporting this investment using the equity method?
Probability of getting sample mean height more : The population mean height of a basketball player is 220 cm with a standard deviation of 20 cm. In a sample of 49 basketball players, what is the probability of getting a sample mean height of 215 cm or more?
Explain hydrocarbon chemistry problems : Hydrocarbon chemistry problems, For the compound, 1,2-dibromoethane, the most stable conformation would be
How should this trademark be amortized : All evidence indicates that this trademark product will generate cash flows for an indefinite period of time. How should this trademark be amortized?
Assuming the weighted average method is utilized : Pie Safe company's beginning work in process inventory included 10,000 units that are 20% complete with respect to direct labor costs. A total of 35,000 units are completed this month.
Choose question and answer : choose 2 question and write 1~2pages (double-space) 1.Race and racism are woven throughout the book,Today the definition of 'informed consent' remains murky.
All three directors : All three directors vote in favour of the above proposals. Wei is wary about both proposals, but a stern look across the board room from Yolande silences him, and he votes in favour of the proposals.
How process of generating a cash disbursments : How would the process of generating a cash disbursments journal from the REA data models differ from the process for creating a sales journal?
How many different ways to be appointed head of division : How many different ways to be appointed head of a division How many different ways could the three new heads be appointed?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the net present value and internal rate

Compute the net present value and internal rate of return to determine the financial feasibility of this project.

  Company total contribution margins

Determine which expenses are mixed and, by use of the high low method, seperate each mixed expense into its variable and fixed components. state the cost formula for each mixed expense.

  Agents-distributors and customers

A program in which department representatives accompany groups of U.S. businesspeople abroad to meet with qualified agents, distributors, and customers is called?

  What is the apr and ear of your investment

You bought a stock three months ago for $73.82 per share. The stock paid no dividends. The current share price is $76.09.

  Internal control over financial reporting

An auditor has been hired to report on an nonissuer's internal control over financial reporting. Which of the following best describes a reporting option in this scenario?

  Collectibility of the rentals

The effective interest method of amortization is being used. Pinkley expects the machine to have a ten-year life with no salvage value, and be depreciated on a straight-line basis. Collectibility of the rentals is reasonably predictable, and there..

  Magrath company case study

Magrath Company has an operating cycle of less than one year and provides credit terms for all of its customers, On April 1, 2011, the comany factored, without recourse, some of its accounts receivable. What are the two basic approaches to estimat..

  Federal joint and several liability rules

Can the state revenue agency collect the outstanding payroll tax from greater under the Federal joint and several liability rules for tax obligation of consolidated return affiliates?

  Equivalent units of production for materials

For the month of January, there were no units in the beginning work in process inventory; 60,000 units were started into production in January; and there were 15,000 units that were 40% complete in the ending work in process inventory at the end o..

  What is the net cash provided by operating activities

Land was acquired for $200,000 in exchange for common stock, par $200,000, during the year; all equipment purchased was for cash. Equipment costing $20,000 was sold for $8,000; book value of the equipment was $16,000 and the loss was reported as a..

  Challenges related to comparing financial statement

Discuss the challenges related to comparing financial statement prepared in different accounting methods. For example, US GAAP and IFRS.

  Probability of distress

Progressive Home Health Care Inc. is a for-profit provider of home health care services in the Pacific Northwest-Probability of distress increases with the amount of debt in the following steps:

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