Determine the total cost of ending work in process

Assignment Help Accounting Basics
Reference no: EM13568971

Honeybutter, Inc., manufactures a product that goes through two departments prior to completion- the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June.

Percent Completed

Units Materials Conversion

Work in process, beginning 94000 70% 40%

Started into production 452000

Completed and transferred out 442000

Work in process, ending 104000 75% 25%

Materials Conversion

Work in process, beginning $37700 $13700

Cost added during June $404300 $290500

1. Determine the equivalent units for June for the Mixing Department.

2. Compute the costs per equivalent unit for June for the Mixing Department.(Round your answers to 2 decimal places.)

3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department.

4. Prepare a cost reconciliation report for the Mixing Department for June

Reference no: EM13568971

Questions Cloud

A plant asset purchased for 300000 at the beginning of the : 1.a plant asset purchased for 250000 has an estimated life of 10 years and a residual value of 20000. depreciation for
Stan sweeney turned 20 years old today his grandfather : stan sweeney turned 20 years old today his grandfather established a trust for him that will pay 80000 on his next
These races will involve four-person teams that race from : tony and suzie graduate from college in may 2012 and begin developing their new business. they begin by offering
Purchase new automated equipment that will change the : werth amp garza manufacturings sales slumped badly in 2013 due to so many people purchasing gifts online. the companys
Determine the total cost of ending work in process : honeybutter inc. manufactures a product that goes through two departments prior to completion- the mixing department
Compute the amount to be reported as research and : martinez company incurred the following costs during 2012 in connection with its research and development
The heavenly gifts company a maker of holiday novelties : the heavenly gifts company a maker of holiday novelties needs your help immediately. the companys accountant resigned
Actual variable costs were indirect materials 14802 : nbsplowell companys manufacturing overhead budget for the first quarter of 2012 contained the following data.variable
Prepare a vertical analysis of the balance sheet data for : the comparative condensed balance sheets of garcia corporation are presented below. garcia corporation comparative

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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