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
erastovalidia [21]
3 years ago
11

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

e process. For the month of July, there were no units in the beginning work in process inventory; 60,000 units were started into production in July; and there were 15,000 units that were 40% complete in the ending work in process inventory at the end of July. What were the equivalent units of production for conversion costs for the month of July
Business
1 answer:
Evgen [1.6K]3 years ago
7 0

Answer:

51,000

Explanation:

Beginning WIP 0

Started into Production (60,000+15,000)

Total Units 75,000

Transferred Out (60,000 – 15,000)

= 45,000 = 45,000 equivalent conversion units

Ending WIP 15,000

= 15,000 * .4 = 6,000

45,000+6000 =51,000

Total Units 75,000 = 51,000 conversion total equivalent units

Therefore the equivalent units of production for conversion costs for the month of July is 51,000

You might be interested in
Public opinion suggests that overall, americans' commitment to the country and its core institutions is
ivanzaharov [21]
<span>Public opinion suggests that overall, Americans' commitment to the country and its core institutions is strong. Although the United States is composed of 50 states, it remains to be united in its cause. Until now, it is considered to be one of the most powerful countries in the world. This has been the case due to the Americans' strong sense of patriarchy.  </span>
3 0
3 years ago
Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center
zalisa [80]

Answer:

1. $2.5 million

2. $0

Explanation:

1. Since the book value is more than the generated future cash flows so book value cannot be recovered. In this case, the generated future cash flows are ignored  

In this scenario, we compare the values between book value and the fair value of machinery, the difference would be the loss on impairment of the asset

In mathematically,  

= Book value  - fair value

= $6.5 million  - $4.0 million

= $2.5 million

2. In this case, the sum of future cash flows is exceeded than the book value. So, no impairment loss would be recognized i.e zero amount

6 0
3 years ago
Why do I have to pay
Alex Ar [27]

Answer:

Pay for what?

Explanation:

Most things require you to pay a fee.

4 0
3 years ago
Read 2 more answers
​small businesses are hesitant to involve in global business because it:
7nadin3 [17]
<span>Small businesses are hesitant to involve in global business because it involves various trade laws or tariffs. Taking that kind of plunge in the business world for a business of small scale is risky situation or at least the small business owners feel. Sometimes this would be the turning point for these businesses to break out huge.</span>
4 0
3 years ago
A personally written message will have much more impact on your reader than a ready-made card.
timama [110]
The answer would be a. True
4 0
3 years ago
Other questions:
  • P10-45. Analyzing and Interpreting Effects of TCJA Tax Law Changes. Pfizer Inc. reports the following footnote disclosure in its
    14·1 answer
  • E first phase of the writing process involves writing a rough draft of your message.
    15·1 answer
  • What is the apr on a loan that charges interest at the rate of 1.4% per month?
    14·1 answer
  • Cyclical unemployment refers to A. the portion of unemployment created by job search. B. the portion of unemployment created by
    12·1 answer
  • Is also known as oral administration.
    5·1 answer
  • Valuing my degree. I went to LSUS for 2 years and did not work. It cost me $35,000 per year (tuition and living). When I graduat
    6·1 answer
  • Which is not an inefficiency caused by binding price ceilings? illegal activity inefficient allocation to consumers wasted resou
    14·1 answer
  • The _____ frame of an organization focuses on providing harmony between the needs of the organization and the needs of people.
    9·1 answer
  • Line workers at a Virginia steel mill developed a new process that made the line safer. It went through only one level of manage
    15·1 answer
  • A shipping company in the Midwest has had a rash of on-the-job injuries in recent months and is losing customers because deliver
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!