Determine the costs to be assigned to the units transferred

Assignment Help Financial Accounting

Reference no: EM131291803

Trek Company has the following production data for April: units transferred out 41,300, and ending work in process 6,190 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $4 and unit conversion cost is $9. Determine the costs to be assigned to the units transferred out and the units in ending work in process. Transferred out $ Ending work in process $

Reference no: EM131291803

Questions Cloud

Materials conversion costs total equivalent units : The Smelting Department of Kiner Company has the following production and cost data for November. Production: Beginning work in process 3,100 units that are 100% complete as to materials and 27% complete as to conversion costs; Compute the equivalent..

Considering the course of action to increase net income : Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income Statement For the Month Ended April 30, 2017 Total Per Unit Sales (9,200 units) $414,000 $45 Variable costs 223,560 24.30 Contribution margin..

Control structure and procedures for financial reporting : Section 404 of the Sarbanes-Oxley Act of 2002 (SOX) directs the SEC to adopt rules requiring that the annual reports of publicly-held companies contain information regarding the internal control structure and procedures for financial reporting.

Compute variable cost per unit using the high-low method : Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 10,020 $15,535 April 9,020 14,591 May 10,500 16,315 June 8,780 14,131 July 9,460 15,071 Compute th..

Determine the costs to be assigned to the units transferred : Trek Company has the following production data for April: units transferred out 41,300, and ending work in process 6,190 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $4 and unit conversio..

Compute the predetermined overhead rate : Washburn Company produces earbuds. During the year, manufacturing overhead costs were $234,000. Machine usage was 2,700 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours. Compute the predetermined overhead ..

In determining the short-term liquidity of firm : In determining the short-term liquidity of a firm, the current ratio is usually considered a better guide than the acid-test ratio, and the acid-test ratio is considered a better guide than the cash ratio. Why do you think this is?

Bank reconciliation and adjusting entries : Bank reconciliation and adjusting entries; cash and cash equivalents [Appendix 7A] The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2016, balance of $14,732.37. What amount would MSI report as cash an..

Calculate ordinary gain when it is sold during third year : A drill press with a cost basis of $55,000 is a 7-year MACRS property. Calculate ordinary gain when it is sold during the third year for $35,000. Round to the nearest integer.

User Account

All Pages