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Stels [109]
3 years ago
5

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

first processing department consisted of 2,400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of 10,500 units were started and 7,900 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 $ 127,500 Conversion costs $ 209,000 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? Multiple Choice 1,750 9,650 12,900 7,900
Business
1 answer:
Molodets [167]3 years ago
6 0

Answer:

9,650 Units

Explanation:

The total unit transfer were 7,900 then we have to add the total units that are in Work in Process, which are +2.400+10.500-7.900 = 5.000, of that we have an advance of 35% of conversion cost, so we have 1.750 Units , Total Units = 7.900 + 1.750 = 9.650

  Conversion  

   

"Units transferred to the next department 7.900  

Ending work in process:    

 Conversion:    

 Rest Of Units                            5.000  

Complete to conversion costs End  35%  1.750  

  Equivalent units of production   9.650  

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Answer:

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Explanation:

The computation of the amortization of Other Comprehensive Loss for 2022 is shown below;

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The same would be considered

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Answer:

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3 years ago
Search... Unlock all answers JOIN FOR FREE jswagballerlife4060 01/08/2020 Business College answered LO 5.3Direct material costs
Tomtit [17]

Answer:

$130,000

Explanation:

Calculation to determine the value of the inventory transferred to the next department

First step is to calculate the Cost per unit

Using this formula

Cost per unit = Direct material costs + Direct labor costs + Overhead

Let plug in the formula

Cost per unit=$3+$5+(100%*$5)

Cost per unit = $3 + $5 + $5

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Let plug in the formula

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Using this formula

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Value of inventory transferred = 10000 × $13

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