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Lerok [7]
3 years ago
7

Conlon chemicals manufactures paint thinner. information on the work in process follows: • beginning inventory, 40,000 partially

complete gallons. • transferred out, 213,000 gallons. • ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete). • started this month, 238,000 gallons. assume that beginning inventory is 50 percent complete with respect to materials and 32 percent complete with respect to conversion costs required:
a. compute the equivalent units for materials using fifo.
b. compute the equivalent units for conversion costs using fifo.
Business
1 answer:
amid [387]3 years ago
5 0
Equivalent units of work done this period=Units transferred out+EU ending inventory–EU beginning inventory
a. Materials:206,650 EU=211,000 units+13,650 EU–18,000 EU
b. Conversion Costs:206,120 EU=211,000 units+5,200 EU–<span>10,080 EU

the formula states that the eup is equal to the units started and completed plus the ending wip</span>
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4 0
3 years ago
Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.
Maksim231197 [3]

Answer:

False

Explanation:

Cost

This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.

Conversion costs

This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.

The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.

While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.

The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.

The equation for Cost per equivalent unit for conversion cost is simply =

(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.

8 0
3 years ago
Monica grows coconuts and catches fish. Last year she harvested 1500 coconuts and 600 fish. She values one fish as having a wort
Deffense [45]

Answer:

900 fish

Explanation:

She values 1 fish = 3 coconuts

Harvested:

Fish = 600

Coconut=1500

Hence, converting coconut to fish

1500 coconuts = 500 fishes

Total harvested is 600fish +500fish =1,100

Gave Rachel :

Fish =, 100

Coconut = 300 which is approximately 100 fishes

Rachel got 200 fishes worth

Subtracting to get her income:

Harvested - Rachel's collection

= 1,100 - 200 =900

5 0
3 years ago
Read 2 more answers
A traditional cover letter's format includes an introduction, a<br> and a<br> paragraph.
sweet-ann [11.9K]
<h2>The given statement is partially true.</h2>

Explanation:

A traditional cover letter consists of introduction, paragraph and it includes header, argument and closing.

Header:

  • Your name, address, phone number and date
  • The person addressed, contact details

Introduction:

  • Salutation
  • Introducing the communication
  • writing about goals

Argument:

  • Convincing and reinforcing the point
  • Quote the importance
  • Provide facts (if any)

Closure:

  • Inform about the follow ups
  • Re-insist the important factor
  • Sign off with the signature
8 0
4 years ago
g __________ conversion is the least expensive and highest risk IS conversion strategy because the old system is cut off and the
Lina20 [59]

Answer:

Direct

Explanation:

There are different types of conversion systems. Example includes the direct conversion and parallel conversion.

In this conversion system, users stops using the old system one day and starts using the next system the next.

Its requires fewer resources and is simple if nothing goes wrong. Risk involved mostly if the hardware and software are old or at a cutting edge.

Direct conversion is said to be an abrupt change where the the old system is simply unplugged and the new system is turned on. It does not allow users with any choice but to work with the new system. It is said to be risky and least cost.

8 0
3 years ago
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