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
Vikki [24]
3 years ago
7

A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work

in Process inventory and are 100% complete for materials and 75% complete for conversion. The equivalent costs per unit are materials, $2.65 and conversion $5.35. Compute the cost that would be assigned to the ending Work in Process inventory for the period.a. $146,575.b. $176,000.c. $87,725.d. $93,775.e. $132,000.
Business
1 answer:
ExtremeBDS [4]3 years ago
7 0

Answer:

a.The ending work in process inventory is $ 146,575

Explanation:

To determine the ending work in process inventory, we need to do the following computations:

No of units in ending inventory                                    22,000 units

Material cost in ending inventory

22,000 units * 100 % (completion) * $ 2.65                     $ 58,300  

Conversion costs in ending inventory  

22,000 units * 75 % (completion) * $ 5.35                      <u> $ 88,275</u>

Total value of Ending work in process inventory        <u> $ 146,575</u>

You might be interested in
According to Michael Porter, a firm practicing a niche strategy:
Maslowich

Answer:

b. Dominates a particular target market although its overall market share may be low.

Explanation:

  • A niche strategy of the porter was to come with the product that fills the market segment and is characterized by the narrow specialization of the services focusing on a specific need.
4 0
3 years ago
Diversification is important in investing because…
Airida [17]
Well I look up the answer it c.
6 0
3 years ago
What percentage of people in africa rely on solid fuel for cooking? 50% 60% 70% 80%?
Keith_Richards [23]
The <span>percentage of people in Africa that rely on solid fuel for cooking is 80%</span>
3 0
3 years ago
When a firm prepares financial reports by using absorption costing,
Yanka [14]
When a firm prepares financial reports by using absorption costing, <span>profits may decrease with increased sales even if there is no change in selling prices and costs. When you absorb costs that means all of the manufacturing costs are absurd by the units produced. The final cost of the inventory will include direct matters, labor and both variable and fixed overhead to product the units. </span>
8 0
3 years ago
Which phrase defines a demand schedule?
melisa1 [442]
<span>The correct answer is B, a table showing the quantity demanded for a good at different prices. The demand schedule shows how many people want a specific product depending on its price. For example, if a price decreases, the demand schedule will likely show an increase in quantity demanded, because more people will want something that's cheaper. It doesn't concern demographic changes on demand (which has more to do with the population than the individual), it's not a graph (but instead a table), and it's not an analytical report that shows why a change in goods is happening (instead it just shows the change itself).</span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • Delivery Service purchased a commercial umbrella policy with a $10 million liability limit and a $100,000 self-insured retention
    8·1 answer
  • 1. Controlling is an ongoing process of
    11·2 answers
  • If you buy a share of stock for $15 and sell it two years later for $18.50, what is the annual percent return (on a compounded b
    11·1 answer
  • The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months​ follow
    11·1 answer
  • The Cutting Department of Sheridan Company has the following production and cost data for July.
    15·1 answer
  • QUESTION 1 _______________________ are economists who generally emphasize the importance of aggregate supply in determining the
    10·1 answer
  • This is a piece of information that is used to support a main idea. definition
    14·2 answers
  • g Use the following abbreviations to answer this question: O Operating activities item I Investing activities item F Financing a
    10·1 answer
  • Acme Investors is considering the purchase of the undeveloped Baker Tract of land. It is currently zoned for agricultural use. I
    6·1 answer
  • Does anyone know who I am and gavin but like are you fans? No like pressure just askin cause if there is i would love to say hi.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!