User Account

All Pages

Determine the cost per equivalent unit for direct materials

Assignment Help Managerial Accounting
Reference no: EM13516372

Determine Costs per Equivalent Unit: Weighted-Average Method

Pacific Ink had beginning work-in-process inventory of $372,480 on October 1. Of this amount, $152,460 was the cost of direct materials and $220,020 was the cost of conversion. The 48,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.
During October, 102,000 units were transferred out and 30,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $1,171,800 for direct materials and $1,513,920 for conversion.

Required

Compute the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method.

Reference no: EM13516372

Questions Cloud

Evaluate the cost per equivalent unit by fifo method : Evaluate the cost per equivalent unit for direct materials and for conversion costs using the FIFO method.
State how many grams of koh must added to buffer to change : A buffer is prepared by mising 204mL of 0.452M HCl and 0.500l of 0.400M sodium acetate Ka=1.8x10^-5 a) what is the pH, b) how many grams of KOH must be added to 0.500l of buffer to change the PH by 0.15units
What is the greatest speed at which the car can move : a car moves at a constant speed on a strait but hilly road. One section has a crest and dip of the same 500 m diameter curve. what is the greatest speed at which the car can move without leaving the road at the top of the first crest
Determine the radius of the curve : a student builds and calibrates an accelerometer, which she uses to determine the speed of her car around a certain unbanked highway curve. what is the radius of the curve
Determine the cost per equivalent unit for direct materials : Determine the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method.
What is the acceleration of the basketball : a basketball player is standing on the floor 12 m from the basket. the hight of the basket is 3.05m, what is the acceleration of the basketball at the highest point in its trajectory
Define the respective molar heats of fusion and vaporization : The respective molar heats of fusion and vaporization in kJ/mol for H2O are 6.008 and 40.67. Specific heats in J/g *C for the solid, liquid, and gas phases are 2.092, 4.184, and 1.841, respectively.
Evaluate the costs of goods transferred : Evaluate the costs of goods transferred out and the ending inventory using the weighted-average method.
What focal length lenses are needed to correct his vision : Ordinary glasses are worn in front of the eye and usually 2.00{\rm cm} in front of the eyeball. What focal length lenses are needed to correct his vision

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Discussion on the significance of depreciation policy

Review the 2012 annual report of any (one) national aircraft company (listed in the Australian/ Malaysian or Chinese Stock Exchange) and comment on its depreciation policy in estimating the useful lives of long-lived assets, such as aircraft used ..

  Multiple changes in cash conversion cycle

Garrett Industries turns over its inventory 6 times each year, it has an average collection period of 45 days and an average payment period of 30 days. Calculate the firm's cash conversion cycle, its daily cash operating expenditure, and the amoun..

  Cumulative abnormal returns the following diagram shows the

cumulative abnormal returns the following diagram shows the cumulative abnormal returns car for 386 oil exploration

  Today many companies face budgetary challenges on a

today many companies face budgetary challenges on a continual basis. two critical aspects that businesses lack are

  Discuss their implications for auditors conducting audits

Outline the major revisions to the auditing standards and discuss their implications for auditors conducting audits.(Approx 1,000 words essay response)

  Statement of ethical professional practice

Explain whether Rachel Arnett's revision of the proposal was in violation of the IMA's Statement of Ethical Professional Practice.

  Question on job-order costing system

Leija Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job #359). This job had $500 of cost assigned to it at this time. During March, Leija assigned production costs as follows to the j..

  Summarize the events of a recent accounting scandal

Summarize the events of a recent accounting scandal. Identify how the illegal/unethical act was detected and the punishments that resulted

  Question show the fund or nonfund accounts that should be

question show the fund or nonfund accounts that should be used to account for each of the subsequent1. tax revenues

  Case studythorn ltd produces and sells three products - x y

case studythorn ltd produces and sells three products - x y and z. relevant information is given below.nbspnbspproduct

  Determine the denominators to be used in the calculations

Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.

  Seek out a conversation with a friend relative classmate

seek out a conversation with a friend relative classmate co-worker or instructor. attempt to engage them in a

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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