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Anni [7]
3 years ago
10

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin

g department. The company's ending work in process inventory on August 31 consisted of 21,400 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.60 for materials and $5.10 for labor and overhead, the total cost assigned to the ending work in process inventory was: Multiple Choice $120,696 $186,180 $111,708 $142,524
Business
1 answer:
jekas [21]3 years ago
7 0

Answer:

$142,524

Explanation:

The computation of the total cost assigned to the ending work in process

inventory is shown below:

As we know that

Total cost =  Material + Labor

where,  

Material = 21,400 units × 100% × $3.60 = $77,040

And,

Labor = 21,400 units ×  60% × $5.10 = 65,484

So, the total cost is $142,524

We simply added material and the labor cost according to their completion percentage and its cost per equivalent units

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Gwar [14]
The correct answer is B. integrity
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vivado [14]

Answer:

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2016 139%

2015 183%

Explanation:

A.Computation of the current ratio for the year ended 2017, 2016, and 2015.

Using this formula

Current Ratio =Current Assets / Current Liabilities

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b.Current Liabilities

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Let plug in the formula

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Therefore the Current ratio are:

2017 191%

2016 248%

2015 289%

B.Computation for acid-test ratio for the year ended 2017, 2016, and 2015.

Using this formula

Acid Test Ratio=Current Assets / Current Liabilities

2017 2016 2015

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73,552 52,436 40,392

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b. Current liabilities

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Let plug in the formula

(a) / (b)Acid Test Ratio 101% 139% 183%

Therefore the Acid Test Ratio are:

2017 101%

2016 139%

2015 183%

8 0
3 years ago
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Answer:

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Explanation:

7 0
2 years ago
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Explanation:

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Answer:

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