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Tanzania [10]
3 years ago
9

The Blending Department for ArkYork Paints started October with 500 gallons in process and started in production 9 comma 000 gal

lons. During the​ month, 6 comma 500 gallons were completed and transferred to the next department. Ending​ work-in-process was 3 comma 000 gallons​ (100% complete with respect to direct materials and 10​% complete for conversion​ costs). The department uses the​ weighted-average method. The Blending Department incurred the following​ costs: LOADING...​(Click the icon to view the​ costs.) 7. Prepare a production cost report for the Blending Department for the month of October. ​(Enter cost per equivalent units to the nearest cent.​ Abbreviations: EUP​ = Equivalent Units of​ Production.)
Business
1 answer:
prisoha [69]3 years ago
8 0

Answer:

<u>Production cost report for the Blending Department for the month of October</u>

Inputs

                                                                                     Units                      

Opening Work In Process                                           500

Started                                                                       9,000

Total                                                                           9,500

Outputs

                                                                                    Units                      

Completed and Transferred                                      6,500

Closing Work In Process                                            3,000

Total                                                                            9,500

Explanation:

The concept of equivalent units measures the number of units completed in terms of completion stage of the the inputs.

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2 years ago
Farley Inc. has perpetual preferred stock outstanding that sells for $30 a share and pays a dividend of $4.00 at the end of each
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the required rate of return i r=0.13%

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