Compute the number of units transferred to finished goods

Assignment Help Financial Accounting
Reference no: EM131222029

During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 53,000 were in process in the production department at the beginning of April and 250,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 64,000 additional units were in process in the production department and were 80% complete with respect to materials and 10% complete with respect to conversion. 1. Compute the number of units transferred to finished goods. 2. Compute the number of equivalent units with respect to both materials used and conversion used in the production department for April using the weighted-average method.

Reference no: EM131222029

Questions Cloud

How does one organization perhaps work with another : How does one organization perhaps work with another? What role do the organizations play in the overall "future of the national health information superhighway?
Analyse how trade policies are affecting the countries : For example if you choose a topic on Trade Policy you need to do research on this topic and write a report which will analyse how Trade policies are affecting the countries and companies in their pursuit of market expansion or market share or prof..
Considering selling some stock investments for a loss : In late 2015 the Polks come to you for tax advice. They are considering selling some stock investments for a loss and making a contribution to a traditional IRA. In reviewing their situation, you note that they have large medical expenses and a casua..
Discuss how different inventory valuation methods impact : Discuss how different inventory valuation methods impact the COGS and what that means in relation to the way a company might price its products. Would you want to value inventory so your inventory value or COGS is higher? Why?
Compute the number of units transferred to finished goods : During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods.Compute the number of units transferred to finished goods.
What is the purpose of an in-circuit emulator : Cloud Computingis used as a means to provide off-site computing power to an organization. Describe the three main types of Cloud Computing platforms. What is the purpose of the control unit in a channel architecture? What type of computer generall..
Impacted as result of this change in accounting principle : At the beginning of 2012, Lion Company decided to change from the average cost inventory cost flow assumption to the FIFO cost flow assumption for financial reporting purposes. What is the adjustment required to Retained Earnings at the beginning of ..
Does a rights offer cause a share price decrease : Describe the role that the "winner's curse" may play in the underpricing of IPOs. - Does a rights offer cause a share price decrease? Why or why not?
Design a data cube structure to support this preference : At times, a user may want to drill through the cube to the raw data for one or two particular dimensions. How would you support this feature?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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