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svp [43]
3 years ago
5

If Department H had 500 units, 60% completed, in process at the beginning of the period, 6,000 units were completed during the p

eriod, and 600 units were 30% completed at the end of the period, what was the number of equivalent units of production for the period if the first-in, first-out method is used to cost inventories? (Don't forget to calculate "started and completed". That would be 5,500 units because it is the transferred out of 6,000 minus beginning inventory of 500.)
Business
1 answer:
andrezito [222]3 years ago
6 0

Answer:

5,880

Explanation:

The computation of number of equivalent units of production is shown below:-

Completed units = 6,000 × 100%

= 6,000

Ending units = 600 × 30%

= 180

Total = Completed units + Ending units

= 6,000 + 180

= 6,180

Beginning units = 500 × 60%

= 300

So, Number of equivalent units of production = Total - Beginning units

= 6,180 - 300

= 5,880

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Prior to liquidating their partnership, Pepper and Reynell had capital accounts of $13,000 and $49,000, respectively. The partne
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Answer:

Explanation:

Based on the information that has been given in the question, the following answer can be provided

a. Determine the amount of Pepper's deficiency.

First, we need to calculate the loss that was recognized. This will be:

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= $62,000 - $24,000

= $38,000

Pepper's share of the loss will then be:

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= $6,000

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b. Determine the amount distributed to Reynell, assuming Pepper is unable to satisfy the deficiency.

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= $49,000 - $25,000

= $24,000

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