What was the cost per equivalent unit for conversion

Assignment Help Cost Accounting
Reference no: EM13525262

Sumter Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month

Work in process, beginning:
Units in process...6,000
Percent complete with respect to materials...60%
Percent complete with respect to conversion...20%
Costs in the beginning inventory:
Materials cost...$78,200
Conversion cost...$3,600
Units started during the month...?
Units completed and transferred out during the month...70,000
Costs added to production during the month:
Materials cost...$286,600
Conversion cost...$216,000
Work in process, ending:
Units in process...8,000
Percent complete with respect materials...75%
Percent complete with respect to conversion...25%

What was the cost per equivalent unit for conversion during the month?

Reference no: EM13525262

Questions Cloud

What amount is transferred to finished goods inventory : What amount is carried as the April ending balance of WIP Inventory and what amount is transferred to Finished Goods Inventory for April?
State circle any that are nonbonding for sigma interactions : Observe the d-orbitals on a central metal and use the character table to derive their irreducible representations (remember which column to look at). Circle any that are nonbonding for sigma interactions.
What is the direction fo the dipole moment : Point charges q1 = -4.10 nC and q2 = -4.10 nC are separated by distance 3.00 mm, forming an electric dipole. What is the direction fo the dipole moment
Explain equilibrium constant that can be used to express : Is it true that Ksp is an equilibrium constant that can be used to express quantitatively the extent to which a compound dissolves
What was the cost per equivalent unit for conversion : What was the cost per equivalent unit for conversion during the month - Sumter Company uses the weighted-average method in its process costing system
What is the acceleration of the batmobile : Mitch is driving the Batmobile (which he stole). He is driving at a constant velocity of 40 m/s. What is the acceleration of the Batmobile
Explain catalyst on a chemical reaction is to react : Is it true that the effect of a catalyst on a chemical reaction is to react with product, effectively removing it and shifting the equilibrium to the right
Find what is the direction the the pigeon should fly : Suppose you cycle 10.0 km to the east and 15.0 km north to get to a shopping mall from home. what is the direction the the pigeon should fly and how far must it travel to get home in the shortest time
Interfere with cellular respiration such as cyanide : There are several poisons that interfere with cellular respiration such as cyanide, 2,4-Dinitrophenol (DNP), rotenone, and oligomycin. Where have these and other similar poisons been used and for what purpose?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute the unit product cost under cost absorption costing

Was the CPA correct in suggesting that the company really earned a "profit" for the month?

  Compute the break-even point

Lombardi Company has a unit selling price of $400, variable costs per unit of $240, and fixed costs of $180,000. Compute the break-even point in units using.

  Partnership income and basis adjustments mark and pamela

partnership income and basis adjustments. mark and pamela are equal partners in mp partnership. the partnership mark

  1which of the subsequent items is not included in the

1.which of the subsequent items is not included in the recipients gross income?a. alimonyb. gain on sale of an antique

  Activity-based costing

Activity-Based Costing

  Explain ease of packing

General and administrative costs are expected to be $14.00 a unit. Timberland expects to earn a 15 percent return on the highest net selling price.

  Compute the volume of sales and the dollar sales level

Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.

  Evaluate what is the roi for the shellfish division

Evaluate what is the ROI for the Shellfish Division, before and after the proposed purchase of Shrimp Inc and find what is the residual income for the Shellfish Division, before and after the purchase of Shrimp Inc.?

  Hig-low method to estimate companys utilities cost behavior

Use the hig-low method to estimate the companys utilities cost behavior and state the cost formula and predict the utilities cost for a month in which 12,000 pounds of the product were produced

  Average cost inventory costing methods

Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods.

  A a program in the engineering and manufacturing

a. a program in the engineering and manufacturing development emd phase has just been instructed to add some new

  What is the cost of materials that must be purchased

Find how many umbrellas must the company produce to meet demand and have sufficient ending inventory and evaluate what is the cost of materials that must be purchased?

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