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Softa [21]
2 years ago
5

Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the fir

st processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 10,600 65% Conversion costs $ 12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 142,100 Conversion costs $ 359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: Multiple Choice $15.28 $18.29 $16.42 $17.02
Business
1 answer:
Gwar [14]2 years ago
3 0

Answer:

$18.29

Explanation:

                                               Material    Conversion  

Units transferred to

the next department          7.400   7.400  

Ending WIP    

Materials  50%                                1.900 950  

Conversion Cost 35%                    1.900 665

Equivalents Units Production         8.350 8.065

   

Cost of beginning work in process inventory   $ 10.600  $ 12.800

Costs added during the period                      $ 142.100 $ 359.500

TOTAL COST                                                  $ 152.700 $ 372.300

Equivalents Units Production                             8.350 8.065

Cost per equivalent unit                                    $18,29   $46,16  

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Answer:

Utilitarianism.

Explanation:

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8 0
3 years ago
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competiti
Marysya12 [62]
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6 0
3 years ago
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The starting point for preparing the operating activities section using the indirect method is ______. Multiple choice question.
vitfil [10]

Net income serves as the beginning point for the indirect technique of preparing the operating activities section.

<h3>What does "net income" mean?</h3>

Net income is the amount of money left over after all costs, such as salaries and wages, the cost of commodities or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.

<h3>How is net income demonstrated?</h3>

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5 0
1 year ago
Traditionally, department stores almost exclusively offered soft goods. But now, most department stores focus on selling both ha
Studentka2010 [4]

Answer:

False

Explanation:

Traditionally, department stores sold both soft goods and hard goods. But now, most department stores focus almost exclusively on soft goods.

Soft goods refers generally to clothing and other textiles like bedding and fabrics.

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5 0
2 years ago
Differential Analysis for a Lease or Buy Decision
il63 [147K]

Answer:

Lease Equipment $150,000

BUY EQUIPMENT$134,700

Differential Effects-$15,300

The company should choose BUY EQUIPMENT which is Alternative 2

Explanation:

Preparation of the differential analysis dated March 15 to determine whether Laredo Corporation should lease (Alternative 1) or purchase (Alternative 2) the equipment

Differential Analysis

Lease (Alt. 1) or Buy (Alt. 2) Equipment

March 15

Lease Equipment (Alternative 1); Buy Equipment

(Alternative 2); Differential Effects (Alternative 2)

Costs:

Purchase price $0 $120,000 $120,000

Freight and installation $0 $1,500 $1,500

Repair and maintenance (6 years) $0 $13,200.$13,200

($2,200*6=$13,200)

Lease (6 years) $150,000 $0 -$150,000

($25,000*6)

Total costs $150,000 $134,700 -$15,300

Based on the above calculation the company should choose BUY EQUIPMENT which is Alternative 2

4 0
2 years ago
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