Materials under the weighted-average method

Assignment Help Financial Accounting
Reference no: EM13748086

Stoltenberg Co. had the following information for the month of June:

Work in process beginning inventory, June 1

2,000 units

Units transferred in

16,000 units

Work in process ending inventory, June 30

4,000 units

Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.

How many units were completed in June?

The equivalent units for materials under the weighted-average method are calculated to be?

Reference no: EM13748086

Questions Cloud

Compare and contrast the arguments of the speeches : Compare and contrast the arguments of the speeches. Which argument do you find the most compelling? Why?
Basis of accounting of governmental funds : What are the measurement focus and basis of accounting of governmental funds? What is the traditional rationale for basis of accounting (used in governmental fund statements) as opposed to, for example, either a full-accrual basis or a budgetary basi..
Calculate total number of copies that publisher expects : Your finance text book sold 53,250 copies in its first year. The publishing company expects the sales to grow at a rate of 20 percent for the next three years, and by 10 percent in the fourth year. Calculate the total number of copies that the pub..
Economic analysis of small-scale cogeneration : Economic analysis of small-scale cogeneration. You are considering an investment in three 60-kW micro turbines that generate both electricity and DHW, for a large apartment complex. The micro turbines will displace output from the existing natural ga..
Materials under the weighted-average method : Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. How many units were completed in June?
Job-specific orientation plan : Prepare a three- to four-page (not including the title and reference pages) job-specific orientation plan for a job with which you are familiar. Include the following:
What were the successes of winston churchill : What were the successes of Winston Churchill?
Prepared and make adjusting and reclassifying entries : Review each of the following items that were noted by the CFO after the unadjusted trial balance was prepared and make adjusting and reclassifying entries as necessary. Do not assume that all items listed require adjustments or reclassifications.
How important were the cattle industry and mining in fueling : How important were the cattle industry and mining in fueling westward expansion? How do these authors' experiences compare to the experiences of most settlers?

Reviews

Write a Review

Financial Accounting Questions & Answers

  1 baco opens its business in 20x2 and purchases merchandise

1. baco opens its business in 20x2 and purchases merchandise on account for 88000. in 20x2 baco pays 67000 cash on the

  Illustrate what is the balance in retained earnings

Net income for the current year was $300,000. If the company paid a dividend of $2 per share on its common stock, illustrate what is the balance in Retained Earnings at the end of the year?

  Determine the sampling distribution for the sample mean

Determine the sampling distribution for the sample mean, X' and calculate the mean and the standard deviation for X' and Determine whether X' is an unbiased estimator for μ.

  Review the provisions of the sarbanes-oxley act

Review the provisions of the Sarbanes-Oxley Act of 2002 to address the accounting scandals in the late 1990s and early 2000s (Enron, WorldCom, etc.). Identify the provisions that you believe made the most significant impact.

  Question platypus building inc won a bid for a new office

question platypus building inc. won a bid for a new office building contract. below is info from the project

  What is the allocation rate for trumpets per setup

Musical Instruments Company manufactures two products (trumpets and trombones). Overhead costs ($175,000) have been divided into three cost pools that use the following activity drivers.

  State the null and alternative hypothesis

The results of the survey are summarized as follows. Income Group Low Middle High Play often 190 160 150 Play Sometimes 260 ..

  Question ankiel securities divisionankiel securities

question ankiel securities divisionankiel securities division works throughout manufacturers agents in different cities

  What other factors would you recommend to be considered

What other factors would you recommend to be considered in establishing the raw material cost standard for the new cleaner?

  What are effects of this transaction on accounting equation

On September 30, MFP Co. paid employee salaries $7,000, including $1,000 it owed to its employees last month. What are effects of this transaction on the accounting equation?

  Use the contribution margin approach

Compute sales for target net income. For Turgo Company, variable costs are 60% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of ..

  How the company treats uncollectible accounts

After reviewing the notes to the financial statements, list the types of information you found about the following.

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