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
Sergio039 [100]
2 years ago
9

Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of

6,800 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,800 units that were 60% complete with respect to conversion costs. If 13,600 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:
Business
1 answer:
Ksju [112]2 years ago
6 0

Answer:

The equivalent units of production for conversion cost would be $11,680 units

Explanation:

The computation of the equivalent unit of conversion is shown below:

= (Beginning inventory units × remaining percentage)  + (units started and  completed units × completed percentage) + (ending inventory units × completed percentage)

= (6,800 units × 25%) + (6,500 units × 100%)  + (5,800 units × 60%)

= 1,700 units + 6,500 units + $3,480 units

= $11,680 units

You might be interested in
Which of these purchases is more likely to be paid for with a credit card?
patriot [66]
I got A too hope this helps
7 0
3 years ago
Read 2 more answers
The Tax Cuts and Jobs Act suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law. For
olga55 [171]

Answer:

D. Medical expenses

Explanation:

The California tax law follows the new federal tax provision for the year 2018 for medical expenses. Only part of the medical expenses can be deducted which is allowed as per federal tax law, that is, 7.5% of the adjusted gross income.

8 0
2 years ago
The advertising manager and sales supervisor at greenwalt advertising perform related job functions and report to the _____ mana
viktelen [127]
<span>It is reasonable to assume that sales supervisor reports to a sales manager, who would report to the general manager. The advertising manager would report to this same general manager.</span>
5 0
3 years ago
When Argentina fixed the exchange rate of their peso to the U.S. dollar, one outcome was: Group of answer choices Argentinean ce
MariettaO [177]

Answer: Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.

Explanation:

The Federal Open Market Committee(FOMC) is a committee of the Federal Reserve which influences the interest rate in the country by engaging in Open Market Operations (OMO). In doing so, they also influence the value of the dollar which is the currency of the U.S.

By pegging the Argentine Peso to the U.S. dollar, the Argentines effectively gave control of their domestic interest rate to the FOMC because the FOMC in deciding the interest rate for the U.S. and therefore the dollar, will be deciding for any other currency that moves exactly as the dollar does which is what the Peso is now going to do.

8 0
2 years ago
Grouper Inc. has decided to raise additional capital by issuing $199,000 face value of bonds with a coupon rate of 6%. In discus
leonid [27]

Answer:

A. Dr Cash 152,000

Dr Discount on bonds payable 40,800

Cr Bond Payable 170,000

Cr Paid-in Capital-Stock Warrants 22,800

B. Dr Cash 152,000

Dr Discount on bonds payable 18,000

Cr Bond Payable 170,000.00

Explanation:

A. Calculation for the Journal entry that should be made at the time of the issuance of both the bonds and warrants

Dr Cash $200,900

Dr Discount on bonds payable $21,735

($199,000 - $177,265)

Cr Bond Payable $199,000

Cr Paid-in Capital-Stock Warrants $23,605

(b) Preparation of the journal entry in a situation were the warrants were nondetachable.

Dr Cash $200,900

Cr Discount on bonds payable $1900

($199,000-$200,900)

Cr Bond Payable $199,000

Workings:

Value assigned to bonds=179,100/($179,100+$23,880)

*$200,900

Value assigned to bonds=179,100/$202,980

*$200,900

Value assigned to bonds=$177,265

Value assigned to warrants=$23,880/$202,980*$200,900

Value assigned to warrants=$23,605

8 0
3 years ago
Other questions:
  • Landed costs refer to:
    14·2 answers
  • money owed to the hotel for services already performec is called (a)accounts payable(b)accounts receivable(c)unposted transactio
    9·1 answer
  • Sunset Products manufactures skateboards. The following transactions occurred in March:
    15·1 answer
  • When there few close substitutes available for a​ good, demand tends to be
    15·1 answer
  • Which of the following is not an economic goal that influences how societies answer the three key economic questions?
    11·2 answers
  • Scampini Technologies is expected to generate $125 million in free cash flow next year, and FCF is expected to grow at a constan
    14·1 answer
  • Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted
    15·1 answer
  • On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will no
    13·1 answer
  • Question 1
    13·1 answer
  • The environment of business impacts all of the other environmental influences
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!