User Account

All Pages

Calculate the cost of ending work in process

Assignment Help Accounting Basics
Reference no: EM132065368

Question - On May 1, Dawdle Company had a work-in-process inventory of 10,000 units. The units were 100% complete for material and 30% complete for conversion, with respective costs of $30,000 and $1,850.

During the month, 150,000 units were completed and transferred to finished goods. The May 31 ending work-in-process inventory consisted of 10,000 units that were 100% complete with respect to materials and 80% complete with respect to conversion.

Costs added during the month were $330,000 for materials and $503,750 for conversion.

Required: Using the weighted-average method, calculate:

A. total equivalent units for material and conversion.

B. the cost per equivalent unit for material and conversion.

C. the cost transferred to finished goods.

D. the cost of ending work in process.

Reference no: EM132065368

Questions Cloud

Create a marketing plan for the business : Create a marketing plan for the business, brand, or product you've been representing this term.
Discuss your experience with measurements : Discuss your experience with measurements in your organization or business? Do you find some to be more or less useful than others? Do you know what the measure
Determine kei actual labor hours : Kei Products uses a predetermined overhead application rate of $18 per labor hour. Determine Kei's actual labor hours, budgeted labor hours
What are the implications of the cultural variables : What are the implications of the cultural variables for your communication with the team representative from each country in the face to face meeting?
Calculate the cost of ending work in process : On May 1, Dawdle Company had a work-in-process inventory of 10,000 units. calculate the cost of ending work in process
Describe how you would introduce the performance review : Students will develop a two (2) page proposal that explains how to apply at least three (3) core skills of engagement to an effective performance review.
Prepare a production budget for the quarter ended september : Prepare a production budget for the quarter ended September 30, 20x1.Note: For both part "A" and part "B" of this problem, prepare your budget on a quarterly
Presentation and policy-procedure development : You are required to prepare a presentation for the management team on the importance and requirements of WHS.
What is the principal role of a union : Within your post, support your responses with information from at least one peer-reviewed/scholarly source (not older than 3-5 years) from CSU-Global.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd