Chapter 5, Problem 88RSCQ

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At December 31, 2017, Blossom Corporation had a projected benefit obligation of $551,500, plan assets of $313,400, and prior service cost of $134,800 in accumulated other comprehensive income. - Determine the pension asset/liability at December 31, 2017.

Badger size Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $ 80,000 Conversion: 20% complete 24,000 Balance in work in process, August 1 $ 1,04,000 53,000 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August: Direct materials Conversion costs: Direct labor Overhead applied Total conversion ? Assume materials are added at the start of processing. Required: 58,000 $ 1,36,000 $ 1,05,000 1,37,000 $ 2,42,000 Calculate the equivalent units for the Forming Department for the month of August.