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
yuradex [85]
3 years ago
13

The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1, 25

% completed 1,500 units Transferred to finished goods during June 5,000 units Equivalent units of production during June 5,200 units Determine the number of equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a.300 units b.1,000 units c.575 units d.200 units
Business
1 answer:
Mazyrski [523]3 years ago
8 0

Answer:

c. 575units

Explanation:

EUP - FIFO Method

Units

% completed

EUP

Units STARTED & COMPLETED

3,500 [5000 units – 1500]

100%

3,500

Units of beginning WIP

1,500

75.00%

1,125

Equivalent Units of Production for units transferred

4,625

Total Equivalent units = 5200 units

Equivalent units for units transferred = 4625 units

Equivalent units for ending inventory = 5200 – 4625 = 575 units

as the answer

You might be interested in
Allstate shipping body forklift for $20,000. It is expected to have a five-year useful life and trade in value of $2,000. Prepar
timama [110]

In order to calculate the depreciation using the double declining balance method you must first calculate the amount of depreciate using the straight line method. After you calculate it by the straight line method, you simply need to double it for this this problem.

The original price is $20,000, and then subtract the $2,000 estimated trade in value and the answer is $18,000. This is the amount that you need to depreciate.

Straight line method: $18,000 divided by the 5 year useful life = $3,600 per year.

Double declining balance = $3,600 x2 = $7,200 per year depreciation.

Year Depreciation Amount

1 7,200

2 7,200

3. 3,600

3 0
3 years ago
What do individual shareholders gain when they buy shares of a company’s stock?
bekas [8.4K]
Answer: Partial ownership of the company
5 0
3 years ago
Read 2 more answers
The product-variety externality is associated with the A. opportunity cost of firms exiting a monopolistically competitive indus
Viefleur [7K]

Answer:

The correct answer is letter "D": consumer surplus that is generated from the introduction of a new product.

Explanation:

Externalities are defined as the effects passed on third parties as a result of the actions of another individual or organization even if the third party has nothing to do with the operations of the individuals or entities. Externalities can be positive or negative.

The product-variety externality is an example of a positive externality. The product-variety externality takes place when a new product is introduced in the market generating a consumer surplus. Thus, end-users benefit from the variety of products available in the market even if that represents more competition for companies.

4 0
3 years ago
Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase
Komok [63]

Answer:

Explanation:

31% mark up based on cost

$100 * 1.31 = $131

Same mark up based on selling price

$131 - $100 = $31

Therefore, our percent mark up if selling price were the base; =$31/$131 * 100 = 23.66%

4 0
3 years ago
True or false an important measure of a countrys ecnomic health is its standard of living
blondinia [14]

I believe its true but you should probably get a 2nd opinion

4 0
3 years ago
Other questions:
  • Suppose you own a successful bicycle repair business. why would you consider incorporating?
    13·1 answer
  • Traditionally, life insurance companies, pension funds, and brokerage firms are known as ________.
    8·1 answer
  • While Sony and Microsoft focused on the graphics and raw processing power favored by hard-core male gamers, Nintendo chose to de
    13·1 answer
  • Miguel woke up one morning in a strange hotel in detroit. he has no memory of how he got there and cannot remember his name or w
    5·1 answer
  • When the government levies a $100 million tax on people's income and puts the $100 million back into the economy in the form of
    5·1 answer
  • Sub to my brothers channel AsiansRiceYT for 20 points
    15·1 answer
  • What are the three general types of retail ownership?
    10·1 answer
  • Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is
    14·1 answer
  • A negative externality occurs when Question 16 options: the private marginal costs are equal to the social marginal costs. the p
    10·1 answer
  • Country a specializes in the production of rice because it can do so efficiently, but it imports electronics because it is not a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!