What total amount of cost should be assigned to the units

Assignment Help Accounting Basics
Reference no: EM132726330

Question - The following information relates to the Assembly Department of Emserfuza Corporation for the month of June. Emserfuza uses a weighted-average process costing system. All materials at Emserfuza are added at the beginning of the production process.

Work in process, June 1: 4,000 Units, 40% complete conversion costs

Units started into pdoduction: 317,000 Units

Work in process, June 30: 10,000 Units, 90% complete conversion costs

On June 1, the work in process inventory account contained $6,400 of material cost and $4,400 of conversion cost. Cost per equivalent unit for June was $1.50 for materials and $2.80 for conversion costs.

Required - What total amount of cost should be assigned to the units transferred out during June.

Reference no: EM132726330

Questions Cloud

How are the audit concepts utilised in the completion : Explain how that experience helped you to understand one or more audit concept(s) (i.e. a fraud case at work which triggers your professional scepticism)
What is the current yield on the bond or the perpetual rate : The bonds will mature in seven years. If the current market price is $1,092.65. What is the current yield on the bond or the perpetual rate
What is her self-employment tax liability : Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year
Calculate the first time through rate : At end of the first hour of a day's production, one cell had completed 6 good trucks, including one truck that was reworked. Calculate first time through rate
What total amount of cost should be assigned to the units : Cost per equivalent unit for June was $1.50 for materials and $2.80 for conversion costs. What total amount of cost should be assigned to the units
Explain the relationship between team building : Write an essay that explains the relationship between team building and a team's cohesion and then analyse the impact of good and poor team
Find the amount of basic earnings per share for year : Find the amount of basic earnings per share for the year. On January 1, 2X16, Manila Co. has 100,000 outstanding ordinary shares.
What the entry to record the acquisition of the equipment : Dolly's Best issued 200 shares of its $10 common stock in exchange for used packaging equipment, What the entry to record the acquisition of the equipment
What actions should heather take : Cash in Hand/ Revenue Recognition, What actions should Heather take? What alternatives would you choose if you were in this situation? Why?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Canyon reported 106000 of net income for the year by using

canyon reported 106000 of net income for the year by using variable costing. the company had no beginning inventory

  What about in its reporting to its US-based Lender

This new cleanup law will likely not be issued until after year-end. What about in its reporting to its US-based Lender

  What is the significance of Homestake disclosure

What is the significance of Homestake's disclosure of "Current taxes" of $26,349 and "Deferred taxes" of $(39,436)

  Prepare the long-term investments section of balance sheet

Prepaid Rent $5,470, Debt Investments (to be held to maturity until 2023) $69,500, Prepare the long-term investments section of the balance sheet

  Explain how corridor amortization works

Question - Explain how corridor amortization works. How does it affect recognition of annual gains and losses

  The corn corporation produces a product that passes through

the corn corporation produces a product that passes through two processes. during april the first department

  Calculate the budgeted manufacturing cost per unit assume

ravenna manufacturing is preparing its master budget for the first quarter of the upcoming year the following data

  Prepare the journal entry at the date of bond purchase

(a) Prepare the journal entry at the date of the bond purchase. (b) Prepare a bond amortization schedule. (c) Prepare the journal entry to record the interest received and the amortization for 2009.

  What are the input price and quantity variances for labor

What are the input price and quantity variances for labor and what are the input price and quantity variances for dough?

  Using direct labor-hours as the base for assigning overhead

siegel company manufactures a product that is available in both a deluxe model and a regular model. the company has

  With an annual interest rate of 8 determine the future

with an annual interest rate of 8 determine the future value of 15m investment after 5 years. the interest is

  The mediterranean sea exchanges water with the atlantic

the mediterranean sea exchanges water with the atlantic ocean. fresh water inflow to the mediterranean is approximately

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