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velikii [3]
3 years ago
15

Company uses the​ weighted-average method in its process costing system. The Packaging Department started the month with units i

n​ process, started ​units, and had units in process at the end of the period. All materials are added at the beginning of the​ process, and conversion costs are incurred uniformly. The units in process at the end of the month are ​% complete with respect to conversion costs. The department incurred the following​ costs: Beginning WIP Added this month TotalTransferred in $600 $13,400 $14,000Direct materials 700 3,400 4,100Conversion costs 350 6,490 6,840Total $1,650 $23,290 $24,940For conversion costs, the equivalent units of production are:_____a. 1,710 unitsb. 1,610 unitsc. 1,460 unitsd. 1,620 units
Business
1 answer:
Musya8 [376]3 years ago
3 0

Answer:

the numbers of the first part are missing here, so I looked for a similar one:

"The Packaging Department started the month with 300 units in process that were 70% complete, receiving 2,000 units from the Cutting Department. The Packaging department had 200 units in process at the end of the period that are 40% complete.

All materials are added at the beginning of the process and conversion is added uniformly.

From the Packaging Department, units are transferred to Finished Goods."

Since we are not asked to calculate costs, we are told to calculate equivalent units for conversion costs, the formula would be:

total units finished and transferred out = 300 + 2,000 - 200 = 2,100

equivalent units of ending WIP = 200 x 40% = 80

total equivalent units = 2,100 + 80 = 2,180 equivalent units

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Being aware of one's expectations is to keep them in check and to ensure that they are realistic. This is one of the ways to practice <u>Effective Parenting.</u>

<h3>Dangers of Unrealistic Expectations</h3>

Some of the dangers of unrealistic expectations are:

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8 0
2 years ago
Lucci Inc. is a retailing firm specializing in high-end merchandise. Each of Lucci's stores uses the retail inventory method by
ludmilkaskok [199]

Answer:

1 Line item description                Cost                Retail

2 Beginning inventory                 40000            360000

3 Purchases                                  1000000        10000000

4 Transportation in                       50000

5 Purchase returns                      -20000          -196000    

6 Net purchases(3+4+5)             1030000        9804000

7 Net additional markups                                    800000    

8 Cost to retail ratio                     1070000       10964000

  component(2+6+7)

9 Net markdowns                                                -500000    

10 Sales                                                                  -9800000    

11 Ending inventory,retail(8+9+10)                       664000

Setup calculation:

Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail

= 1070000/10964000

= 0.097592

= 9.76%

Ending inventory,cost = Ending inventory,retail*Cost to retail ratio

= 664000*9.76%

= $64806

Cost of goods sold = Sales*Cost to retail ratio

= 9800000*9.76%

= $956480

7 0
2 years ago
Last year, Stumble-on-Inn, Inc. reported an ROE of 19 percent. The firm's debt ratio was 60 percent, sales were $34 million, and
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Stumble-on-Inn, Inc.'s net income for last year is <u>$3,359,200</u>.

<h3>Data and Calculations:</h3>

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5 0
2 years ago
A husband and wife have a joint account with a member firm. The wife calls the registered representative with instructions to li
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Answer:

A

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