Prepare a cost reconciliation for april note you will not

Reference no: EM13570627

Kenton Industrial Corporation uses the weighted-average method in its process costing system.
During April, the Baker Assembly Department completed its processing of 18,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during April amounted to $855,000 in total. The ending inventory in April consisted of 1,500 units, which were 90% complete with respect to materials and 40% complete with respect to labor and overhead.
The costs per equivalent unit for the month were as follows:
Materials Labor Overhead
Cost per equivalent unit . . . . . . . . . . . . . . . . . . $24.00 $7.00 $14.00
Required:
1. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month.
2. Compute the cost of ending inventory and of the units transferred to the next department for April.
3. Prepare a cost reconciliation for April. (Note: You will not be able to break the cost to be accounted for into the cost of beginning inventory and costs added during the month.)

Reference no: EM13570627

Questions Cloud

This dividend increases at an average rate of 35 per year : marthas vineyard recently paid a 3.60 annual dividend on its common stock. this dividend increases at an average rate

Flint fabricators inc machines metal parts for the : flint fabricators inc. machines metal parts for the automotive industry. under the traditional manufacturing approach

How should the effectiveness of correctional programs be : q1. how should the effectiveness of correctional programs be measured? what factors must be considered when assessing

The consistency principle requires a company to use the : 1 it can be expected that companies that sell perishable goods have higher inventory turnover than companies that sell

Prepare a cost reconciliation for april note you will not : kenton industrial corporation uses the weighted-average method in its process costing system. during april the baker

Your firm has net income of 245 on total sales of 1080 : your firm has net income of 245 on total sales of 1080. costs are 610 and depreciation is 120. the tax rate is 30

An individual has 40000 invested in a stock with a beta of : an individual has 40000 invested in a stock with a beta of 0.4 and another 55000 invested in a stock with a beta of

1 why is the family considered the most important agent of : the familyusing the textbook and the south university online library write a 1000-word minimum paper using apa

A firm has ebit of 375000 interest expense of 75000 : a firm has ebit of 375000 interest expense of 75000 preferred dividends of 6000 and a tax rate of 40 percent. the firms

User Account

All Pages