Pacific ink had beginning work-in-process inventory of

Reference no: EM13483910

Pacific Ink had beginning work-in-process inventory of $374,240 on October 1. Of this amount, $158,080 was the cost of direct materials and $216,160 was the cost of conversion. The 28,000 units in the beginning inventory were 40 percent complete with respect to both direct materials and conversion costs.

During October, 48,000 units were transferred out and 14,000 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 $1,167,600 for direct materials and $1,511,320 for conversion.

Required:

Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method.

Reference no: EM13483910

Questions Cloud

Enter the above transaction nov 17 into the cash receipts : part 1complete all the steps of journalizing based on the information provided below.on december 15 ms. corne amp co.

Please analyze the 10-k and other internet resource and : please analyze the 10-k and other internet resource and provide a risk report for the union pacific corporation

What is prepayment risk how does prepayment risk affect the : what is prepayment risk? how does prepayment risk affect the cash flow stream on a fully amortized mortgage loan? what

A put option and a call option with an exercise price of 80 : a put option and a call option with an exercise price of 80 and five months to expiration sell for 2.05 and 4.80

Pacific ink had beginning work-in-process inventory of : pacific ink had beginning work-in-process inventory of 374240 on october 1. of this amount 158080 was the cost of

Journalize the transactions in emergency pharmacies general : the following transactions of emergency pharmacies occurred during 2014 and 2015 2014 mar 1 borrowed 360000 from

Assume that the average firm in your companys industry is : assume that the average firm in your companys industry is expected to grow at a constant rate of 4 and that its

Stock options which she purchases on february 14 of the : given the following information for jane cole complete schedule d of form 1040 through part iii. stock options which

The stock is currently priced at 67 and the risk-free rate : a put option that expires in six months with an exercise price of 65 sells for 2.05. the stock is currently priced at

User Account

All Pages