The last department in a production process shows the following information at the end of the period: Units Beginning work in process 25,000 Started into Production 2,00,000 Ending Work in Process 50,000 How many units have been transferred out to finished goods during the period? a. 155,000 b. 230,000 c. 187,500 d. 175,000
Q: Kindly help me with general accounting question
A: Step 1: Define Discounted Payback PeriodThe discounted payback period, which also considers the time…
Q: What is net income under absorption costing???
A: Detailed explanation:Net Income using Variable Costing $ 908,000Less Change in Inventory :…
Q: What is the accrued on the $100,000 face amount of this note ? General accounting
A: Step 1: Define Accrued InterestInterest expense is paid on the amount borrowed by the firm from a…
Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…
A: Explanation of Interest Revenue:Interest revenue is the income earned from lending money or other…
Q: If an asset is purchased on credit, what is the effect on the accounting equation? (a) Assets…
A: Concept of AssetsAssets are resources owned by a business that have economic value and can be used…
Q: General account Tutor solve asap
A: The correct answer is:A. a decrease in the asset cash of $500 and a decrease in profit or loss of…
Q: Please give me answer this financial accounting question
A: Step 1: Define Debt-Equity RatioThe ratio of the total debt relative to the total equity is called…
Q: Financial Accounting Question please answer
A: Step 1: Define InvestmentEvery business organization operates to earn profit by generating revenue…
Q: Calculate the answer to the Problem of accounting
A: Explanation of Gross Profit:Gross profit is the amount of money a company earns after deducting the…
Q: What was the interest revenue that techprime earned in this period?? General accounting
A: Step 1: Definition of Interest RevenueInterest Revenue: Interest revenue is the amount of interest…
Q: Need help with this question solution general accounting
A: Step 1: Define Stock OutstandingStocks outstanding are the shares that are still held by a company's…
Q: Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the…
A: Explanation of Dollar Markup:Dollar markup is the absolute difference between the selling price of a…
Q: Not use ai solution given correct answer financial Accounting question
A: Step 1: Define InvestmentInvestment is defined as the acquisition of assets or securities to…
Q: CAn some one please find solution. general account.
A: we will calculate each component based on the given information. Step 1: Calculate Current Income…
Q: Financial Accounting Question please solve this issue
A: Step 1: Define Financing ActivitiesA company's financing activities refer to the transactions it…
Q: Atlas corporation has three divisions solve this accounting questions
A: Step 1: Definition of Common Fixed ExpensesCommon fixed expenses are costs incurred by an…
Q: General accounting
A: To calculate the maturity value of the note, we use the formula:Maturity Value = Principal +…
Q: Naroto Corp.'s sales last year were $67,950, and its total assets were $31,400. What was its total…
A: Concept of SalesSales represent the total revenue generated by a company from the sale of goods or…
Q: None
A: Step 1: Define NoteA company uses financial notes or promissory notes as a medium to generate money…
Q: Please provide answer ASAP to this accounting problem
A: Explanation of Joint Costs: Joint costs are expenses that are incurred to produce or acquire…
Q: Hello tutor please provide correct answer general Accounting
A: Step 1: Define Predetermined Overhead RateA company's predetermined overhead rate is used to…
Q: Kindly help me with accounting questions
A: Step 1: Definition of P/E RatioThe Price-to-Earnings (P/E) Ratio is a valuation metric that measures…
Q: Cost Account
A: The correct answer is:D) the payroll taxes that are paid on employee wages Explanation:A variable…
Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…
A: Explanation of Interest Revenue:Interest revenue is the income earned by a lender for allowing a…
Q: Superior Micro Products uses the weighted-average method in its process costing system. During…
A: Step 1: Compute the Materials Cost = Units Transferred × Cost per Equivalent Unit (Materials) Step…
Q: Exper help me
A: Explanation of Beginning Inventory:Beginning Inventory refers to the value of goods available for…
Q: I want to this question answer gquestion Accounting
A: Step 1: Define Gross ProfitBefore any deductions or taxes, the total of all wages, salaries,…
Q: Brightside pest Control... please answer this accounting question
A: Step 1: Define Net IncomeNet income is the amount of earnings left after subtracting all expenses,…
Q: What was the net income reported by Ashley's accessorv shop for the year??
A: Step 1: Define Income StatementThe income statement is a document that summarizes the activity of…
Q: A company buys equipment for $54,000 with a salvage value of $5,000 and an expected useful life of…
A: Explanation of Straight-Line DepreciationStraight-line depreciation is a method of systematically…
Q: Alpha Corporation applies overhead costs to jobs on the basis of direct labor Costs.
A: Explanation of Overhead Costs:Overhead Costs refer to the indirect expenses incurred during the…
Q: I want answer to 3 parts. Please Provide answer
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a budgeting tool used…
Q: Outdoor Man uses the weighted-average method in its process costing system. The following data…
A: To calculate the equivalent units of production for materials and conversion using the…
Q: Please provide this question solution general accounting
A: Step 1: Calculate the total market value of the assets Step 2: Determine the proportion of market…
Q: Get correct answer
A: Step 1: Definition of Total AssetsTotal Assets represent the sum of all resources owned by a…
Q: Do fast answer of this general accounting question
A: Step 1: Define Profit and LossThe profit earned on the sale of the object is the difference between…
Q: Which of the following best describes costs assigned to the product under the variable costing…
A: The correct answer is:b. DL, DM, and variable manufacturing overhead. Explanation:Variable…
Q: Please Help me with question answer general Accounting
A: Step 1: Define Outstanding SharesOutstanding shares refer to the total number of shares of a…
Q: What is the value of its total assets?
A: Step 1: Definition of the Accounting EquationThe accounting equation is a fundamental principle in…
Q: What is net income under absorption costing?
A: To calculate net income under absorption costing, we need to adjust the net income reported under…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Factory OverheadsFactory Overheads are indirect costs incurred during…
Q: At December 31, 2017, Blossom Corporation had a projected benefit obligation of $551,500, plan…
A: Step 1: Understand the ProblemThe pension asset or liability is calculated as the difference between…
Q: I need this question answer general Accounting
A: Step 1: Define Gross ProfitThe whole amount of money you make from selling a product is referred to…
Q: If corporation has stockholders
A: Step 1: Definition of Total AssetsTotal assets represent the resources owned by a corporation.…
Q: I want to correct answer
A: Step 1: Definition of Maturity ValueThe maturity value of a note is the total amount to be paid by…
Q: None
A: Explanation of Contribution Margin:The contribution margin represents the amount remaining from…
Q: Provide answer general accounting
A: Step 1: Define Intangible AssetIntangible asset is a long-lived asset that has no physical…
Q: Please provide this question solution general accounting
A: Step 1: Definition of VariancesDirect Materials Price Variance: Measures the difference between the…
Q: Do fast answer of this general accounting question
A: Step 1: Define Payback PeriodThe payback period is an important computation for the firm as it…
Q: What is the net income for the period?
A: Step 1: Define Total EquityThe total equity is one of the three real accounts presented in the…
Step by step
Solved in 2 steps
- Production information shows these costs and units for the smoothing department in August. All materials are added at the beginning of the period. The ending work in process is 30% complete as to conversion. What is the value of the inventory transferred to finished goods and the value of the WIP inventory at the end of the month?How many units were started into production in a period if there were zero units of beginning work in process inventory, 1,100 units in ending work in process inventory, and 21,500 completed and transferred out units?The last department in a production process shows the following information at the end of the period: Units Beginning Work in Process 3,000 Started into Production 21,000 Ending Work in Process 6,000 How many units have been transferred out to finished goods during the period?
- get general account answer asapPart A The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added at the beginning of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted - average method? Assume that the quarters are independent. \table [[Beginning ,,], [Quarter, \table [[Work in], [Process]], Started, Out, (%)],[1,, 255, 000, 235,50], [2, 2, 500, 275, 000, 250, 40], [3, 3, 600, 290, 000, 275,000, 45], [4, 6, 500, 300,000, 280, 000,60]]Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials ConversionEquivalent units in ending work in process inventory. . . . . 2,000 800Cost per equivalent unit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $13.86 $4.43 A total of 20,100 units were completed and transferred to the next processing department during the period.Required:1. Compute the cost of ending work in process inventory for materials, conversion, and in total.2. Compute the cost of the units completed and transferred out for materials, conversion, and in total.
- A process with no beginning work in process, completed and transferred out 85,000 units during a period and had 50,000 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were: Select one O a. 70,000 equivalent units. b. 95,000 equivalent units. Oc. None of the answers are correct O d. 100,000 equivalent units. e. 85,000 equivalent units.A process with no beginning work in process, completed and transferred out 85,000 units during a period and had 50,000 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were: Select one: O a 100,000 equivalent units. b. 95,000 equivalent units. O c 85,000 equivalent units. O d. 70,000 equivalent units. O e. None of the answers are correct9. Using the following terms, prepare the worksheet to show the calculation to answer the question: Units completed and transferred out Cost per material Cost per conversion Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Total units accounted for Costs to account for Question: A company started the month with 8,329 units in work in process inventory. It started 23,142 units and had an ending inventory of 9,321. The units were 100% complete to materials and 67% complete with conversion. complete the following table to determine how many units were transferred out during the period? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). ? ? ? ? ? ? x x Total units to account for ? ? ? ? ?
- 15. The last department in a production process shows the following information at the end of the period: Units 25,000 240,000 50,000 Beginning Work in Process Started into Production Ending Work in Process How many units have been transferred out to finished goods during the period? A) 215,000 B) 265,000 C) 240,000 D) 290,000. 18 (A mod (8 16. Physical units accounted for are 160,000. Total conversion costs are $387,100. There are 4,000 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit? A) $2.39. B) $2.42. C) $2.36. D) $2.45. Caleraubo ds brs ($300 0000 1: per ders Wot bailogs ai per Uioam's 40 odst 00,01$.E(A 17. Which of the following is not typical of traditional costing systems? A) Use of a single predetermined overhead rate. B) Assumption of correlation between direct labor and incurrence of overhead cost. C) Use of multiple cost drivers to allocate overhead. Use of direct labor hours or direct labor cost to assign…A process with no beginning work in process, completed and transferred out 75,000 units during a period and had 50,000 units in the ending work in process inventory that were 30% complete. The equivalent units of production for the period were: a. 75,000 equivalent units. b. 125,000 equivalent units. c. 90,000 equivalent units. d. 37,500 equivalent units.Help Save & E EXVAWY118 Corporation uses the weighted-average method in its process costing system. EXVAWY118's data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory Materials costs 2,000 $ 8,400 $ 3,700 Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month 55% 258 7,900 7,100 $ 111,500 $ 84,600 Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion (ID#17836) Q.) The cost of ending work in process inventory in the first processing department according to the EXVAWY118's cost system is closest to: (Round "Cost per equivalent unit"…
