1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sasho [114]
3 years ago
6

A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units w

ere transferred out. Ending Goods in Process Inventory was 30 units which were 20% complete. Using the FIFO method, what are the equivalent units produced if all direct material and direct labor are added uniformly throughout the process?A. 83B. 70C. 100D. 77E. 107
Business
1 answer:
Rina8888 [55]3 years ago
4 0

Answer:

The correct answer is C. 100

Explanation:

Data

Units in opening Work-In-Progress (WIP) 65

Units added ?

Units transferred out 77

Units in closing WIP 30

Units added=Units transferred out+Units in closing WIP-Units in opening Work-In-Progress (WIP)=77+30-65=42

Equivalent Units in production

Beginning WIP (% to complete) +Started and completed+Ending WIP

Beginning WIP              52 (65 x 80% )( 20% complete at the previous period, 80% in this period)

Started and completed 42

Ending WIP                     6 (30 x 20%) (20% complete in this period)

Total  =52+42+ 6= 100

You might be interested in
Describe at least four ways you can take money out of a checking account
deff fn [24]

1. ATM

2. Use a debit card at grocery store and get money back

3. Move money between bank accounts

4. Physically withdrawl the money inside the bank.

5. Grocery stores have customer service and for a fee you can withdrawl the money

8 0
3 years ago
Read 2 more answers
Isabel, a human resources assistant, wants to conduct safety training for employees. So, she's creating a graphic to inform empl
strojnjashka [21]

Answer:

I think its C if it's not then sorry

8 0
3 years ago
Valutech Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the
lyudmila [28]

Answer:

$65 per unit

Explanation:

For computing the cost per unit first we have to determine the cost of goods manufactured which is shown below:

Cost of goods manufactured = Opening work in process + direct material cost + direct labor cost + manufacturing overhead cost - ending work in process

= $10,000 + $12,000 + $6,000 + $4,000 - $6,000

= $26,000

And, there is a production of 400 MP3 players

So, the cost per unit is

= $26,000 ÷ 400 MP3 players

= $65 per unit

8 0
3 years ago
Luck is what happens when preparation meets opportunity.
elena-s [515]

Answer:

Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity.”

Explanation:

4 0
2 years ago
When does a business make a profit?<br> A business makes a profit when its exceed its .
Rasek [7]

Answer:

when sales revenue exceed costs

Explanation:

8 0
3 years ago
Other questions:
  • A _________ works outside established organizational divisions and has greater flexibility to apply innovative approaches to new
    14·1 answer
  • Identify and briefly compare the two leading stock exchanges in the United States today. Write the main differences of the two s
    9·1 answer
  • In order to break a stalemate in peace negotiations, president nixon ordered ground attacks in which country?
    6·2 answers
  • Pluralistic ignorance efffect. How to apply in business administration? Give example
    15·1 answer
  • Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including​ Char
    9·1 answer
  • Luther company uses a predetermined over head rate of $23.40 per direct labor- hour. This predetermined rate was base on a cost
    6·1 answer
  • How do you feel about the pandemic? Vaccinations? Masks?
    13·2 answers
  • 1. The most common definition of appraisal is:
    13·2 answers
  • If the money multiplier is 3 and the fed wants to increase the money supply by $900,000, it could:.
    11·1 answer
  • Managerial activities include all of the following except ________.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!