Maplewood co uses process costing to account for the

Assignment Help Accounting Basics
Reference no: EM13581244

Maplewood Co. uses process costing to account for the production of canned energy drinks. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 12,000 units for materials and 10,000 units for conversion costs. Beginning inventory consisted of $7,000 in materials and $4,000 in conversion costs. April costs were $36,000 for materials and $40,000 for conversion costs. Ending inventory still in process was 4,000 units (100% complete for materials, 50% for conversion). The cost per unit for conversion costs using the weighted average method would be?

Reference no: EM13581244

Questions Cloud

The footwear department of lees department store had sales : the footwear department of lees department store had sales of 202000 cost of goods sold of 139500 indirect expenses of
Jamie sako negotiated a bank loan for 30000 for 240 days at : jamie sako negotiated a bank loan for 30000 for 240 days at a bank rate of 16. assuming the interest is deducted in
Radiocarbon is produced in the atmosphere as a result : radiocarbon is produced in the atmosphere as a result ofa.collision between fast neutrons and nitrogen nuclei present
What is the job cost sheet is used to accumulate the three : what is the job cost sheet is used to accumulate the three product costs direct material direct labor and factory
Maplewood co uses process costing to account for the : maplewood co. uses process costing to account for the production of canned energy drinks. direct materials are added at
What is flexibility timeliness and forward looking are : what is flexibility timeliness and forward looking are said to be the prominent traits of modern management accounting
In 2012 lisa and fred a married couple have taxable income : in 2012 lisa and fred a married couple have taxable income of 390000. if they were to file separate tax returns lisa
Venetian corporation manufactures car stereos it is a : venetian corporation manufactures car stereos. it is a division of berna motors which manufactures vehicles. venetian
At the beginning of 2012 callaway company acquired a mine : at the beginning of 2012 callaway company acquired a mine for 649600. of this amount 64000 was ascribed to the land

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identifying current assets and liabilities

Dunn Sporting Goods sells athletic clothing and footwear to retail customers. Dunn's accountant indicates that the firm's operating cycle averages six months. At December 31, 2011, Dunn has the following assets and liabilities.

  Make a list of all fixed costs associated with running the

for this we must do tasks related to a retail store selling dvds. this business is relatively simple with approximately

  Victoria kite company a small melbourne firm that sells

victoria kite company a small melbourne firm that sells kites on the web wants a master budget for the next 3 months

  What amounts relative to the 2014 television warranties

dos passos company sells televisions at an average price of 900 and also offers to each customer a separate 3-year

  Equipment was acquired for common stock the fair value of

a comparative balance sheet for shin corporation is presented belowshine corporationcomparative balance

  Should you accept this project using the discounted payback

you are ceo of acme inc. located in the united states. you use the discounted payback period method and accept all

  Revenue principle statement

The revenue principle states that revenue shall be recognized at a point when

  Use the following data to determine the total dollar amount

use the following data to determine the total dollar amount of assets to be classified as current assets. koonce office

  Determine debbie and elizabeth realized gain of loss

Elizabeth's property had an adjusted basis of $9000 and a fair market value of $10,500, and Elizabeth gave Debbie $4500 in cash. Determine Debbie's and Elizabeth's realized gain of loss, recognized gain or loss and the basis in their new property.

  Gesture inc reports warranty expense when related products

gesture inc reports warranty expense when related products are sold. for tax purposes the warranty costs are deductible

  Record the change in selling price

A company $100 million of fixed interest rate bonds payable at $98 million. At year-end, the bonds were selling in the bond market at $97 million. What entry would Moore Company make at year-end to record the change in selling price?

  Assume that naylor company sells the same number of units

naylor company has 210000 of net income in 2013 when the selling price per units was 150 the variable costs per unit

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