User Account

All Pages

Compute the equivalent units for materials

Assignment Help Cost Accounting
Reference no: EM132067593

Pierce & Company provides the following information concerning the work in process at its plant:

  • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete).
  • Started this month, 60,600 units.
  • Transferred out, 50,300 units.
  • Ending inventory, 21,000 units (materials are 100 percent complete; conversion costs are 17 percent complete).

Required:

a. Compute the equivalent units for materials using the weighted-average method.

b. Compute the equivalent units for conversion costs using the weighted-average method.

Reference no: EM132067593

Questions Cloud

How much overhead was applied to inventory : How much overhead was applied to inventory over the course of the year?
What was the actual voh : The company budgeted making4,800units at3.5hours each with$924,000of VOH.The company actually produced3,000units. What was the actual VOH?
Compute the cost of goods transferred out : Compute the cost of goods transferred out and the cost of ending inventory using the FIFO method. (Round intermediate calculations to 2 decimal places.)
Utilization of the assets : Youconcur with its decision. All information is adequately disclosedin the financial statements.
Compute the equivalent units for materials : a. Compute the equivalent units for materials using the weighted-average method.
Discuss what might have caused the variance : Prepare an example of your chosen variance for your manufacturing company. Discuss what might have caused the variance.
Compute the equivalent units for conversion costs : a-1. Compute the equivalent units for conversion costs. a-2. Compute the cost per equivalent unit for conversion costs. (Round your answers to 2 decimal places
What are non operating financial incomes : What are non operating financial incomes and non operating financial expenses?
Find out average due date : On 17th May, 2014, $5,000 for 3 months. He wants to pay all the bills on a single day. Find out average due date.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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