Answer:
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Explanation:
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Answer:
$ 5.34
Explanation:
Calculation for cost per equivalent unit for conversion costs for September
First step is to find the Equivalent units of production
To complete beginning work-in-process:
Conversion 12,000
[15,000 units × (100%-20% )]
Units started and completed 65,000
(89,000-24,000)
Ending work-in-process
Conversion 21,600
(24,000 units × 90%)
Equivalent units of production 98,600
Second step is to calculate the Cost per equivalent unit using this formula
Cost per equivalent unit =Cost added during the period ÷Equivalent units of production
Let plug in the formula
Cost per equivalent unit = $526,524÷98,600
Cost per equivalent unit = $5.34
Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34
Answer:
correct option is 2) $600 gain
Explanation:
given data
common stock = 500 shares
par value = $25
sold = 100 share
per share = $49.50
solution
we get here first sale proceed of share that is
sale proceed of share = 100 share × $49.50 per share
sale proceed of share amount = $4950
and cost of share will be
cost of share = 100 share × $43.50 per share
cost of share = $4350
so here we get gain on sale of share that is
gain = $4950 - $4350
gain on sale = $600
so correct option is 2) $600 gain
