Compute the equivalent units of production for the first

Assignment Help Accounting Basics
Reference no: EM13601030

The Franc Zeppo Venture manufactures a product that goes through two processing departments. Information relating to the activity in the first department during April is given below :

  • Work in process, April 1: 50,000 units (80% completed for materials and 60% completed for conversion
  • Work in process, April 30: 72,000 units (45% completed for materials and 75% completed for conversion

The department started 380,000 units into production during the month and transferred 385,000 completed units to the next department.

Compute the equivalent units of production for the first department for April, assuming the company uses the weighted-average method of accounting for units and costs.

Reference no: EM13601030

Questions Cloud

What is the dollar value of the widget inventory at the end : abigail corporation produces widgets. in 2008 its first year of operations the company produced 100000 widgets and sold
Carol keene corporate comptroller for dumaine industries is : carol keene corporate comptroller for dumaine industries is trying to decide how to present property plant and
Ending inventory in the assembly department consists of 700 : ending inventory in the assembly department consists of 700 units which are 50 complete with respect to conversion
The ending work in process inventory in the mixing : the ending work in process inventory in the mixing department contains 300 units that are 30 complete with respect to
Compute the equivalent units of production for the first : the franc zeppo venture manufactures a product that goes through two processing departments. information relating to
Ranger glass company manufactures glass for french doors at : ranger glass company manufactures glass for french doors. at the start of may 2000 units were in-process. during may
An investor sells short 200 shares of stock at 15 per share : an investor sells short 200 shares of stock at 15 per share. the initial margin requirement is 60. the investor earns
Department alpha had no beginning inventory the department : department alpha had no beginning inventory. the department added direct materials of 100000 and conversion costs of
Receive brokerage advice from edwards jones for purchase of : receive brokerage advice from edwards jones for purchase of 500 shares of microsoft at 49.20 per share plus 400 brokers

Reviews

Write a Review

Accounting Basics Questions & Answers

  Using the information from be19-2 assume this is the only

using the information from be19-2 assume this is the only difference between oxford pretax financial income and

  Entries to record common stock outstanding

A company has 20,000 shares of $12 par common stock outstanding. Present entries to record the following:

  X company uses account analysis to estimate total overhead

x company uses account analysis to estimate total overhead costs for each month. in may when production was 1200 units

  During the month of april macon co had cash receipts from

during the month of april macon co. had cash receipts from customers of 85000. expenses totaled 78000 and accural basis

  Schedule of interest revenue and bond discount amortization

On January 1, 2013, Phantom Company acquires $312,100 of Spiderman Products, Inc., 9% bonds at a price of $296,847. The interest is payable each December 31, and the bonds mature December 31, 2015. The investment will provide Phantom Company a ..

  Kimm inc had net income for 2008 of 2120000 and earnings

kimm inc. had net income for 2008 of 2120000 and earnings per share on common stock of 5. included in the net income

  Preparation of segmented income statement

Prepare a new segmented income statement for the company using the above format. Show both amounts and percentages.

  First link services granted 8 million of its 1 par common

first link services granted 8 million of its 1 par common shares to executives subject to forfeiture if emplotment is

  Computing abc allocation rates

Compute the cost allocation rate for each activity - Computing ABC allocation rates

  The groovy movie chains has invested in a snack bar for its

the groovy movie chains has invested in a snack bar for its store where individual pizzas would be prepared and sold.

  Calculate the gross profit margin

Locate the income statement of a company in each of the following industries: pharmaceutical, technology, retailer-groceries, and automobile manufacturer.

  How many kilos of loire is mien budgeting to purchase

How many kilos of Loire is Mien budgeting to purchase in October 2005?

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