ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
14th Edition
ISBN: 9781307566574
Author: Hoyle
Publisher: MCG
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- The output of a company's assembly department during the period consists of 32,000 units completed and transferred out, and 18,000 units in ending Work in Process that were 40% complete as to materials and conversion costs. The beginning inventory was 15,000 units that were 20% complete as to materials and conversion costs. Under the weighted-average method, what are the equivalent units of production for materials? a. 39,200 b. 32,000 c. 7,200 d. 41,000arrow_forwardCan you help me solve this general accounting problem with the correct methodology?arrow_forwardwhat was the change in inventory over the year ??arrow_forward
- I need assistance with this general accounting question using appropriate principles.arrow_forwardThe Equipment Maintenance Department of Kason Inc. has incurred the following costs during the past five months: Month Production Total cost July 1,000 units $45,550 August 1,500 units $52,000 September 2,100 units $61,500 October 1,800 units $57,500 November 750 units $41,250 Using the High-Low method, determine the variable cost per unit, and the fixed cost per month.arrow_forwardA company had an income of $60,000 using absorption costing for a given period. Beginning and ending inventories for that period were 13,000 units and 18,000 units, respectively. Ignoring income taxes, if the fixed overhead application rate was $3.00 per unit, what was the income using variable costing? A. $75,000. B. $60,000. C. $45,000. D. Not sufficient information to determine.arrow_forward
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