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s2008m [1.1K]
3 years ago
15

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding

Department, started the month with 18,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $17,200. An additional 86,000 units were started into production during the month. There were 19,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $838,880 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs for the month is closest to:

Business
1 answer:
MrRa [10]3 years ago
3 0

Answer:

$ 8.686

Explanation: the solution is shown in the attached picture

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Answer:

a). The amount of the short-term loan=$128,181.82

b). The amount of the long-term loan=$156,666.67

Explanation:

The total annual interest to be paid can be expressed as;

I=PRT

where;

I=annual interest

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T=number of years

a). For the short-term note's case;

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replacing;

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replacing;

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14,100=P×0.09

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P=14,100/0.09

P=156,666.67

The amount of the long-term note=$156,666.67

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