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DanielleElmas [232]
3 years ago
13

The Fox Company uses the weighted average method. The beginning work in process consists of 20,000 units (100% complete as to ma

terials and 50% complete as to conversion costs). The number of units completed during the period was 80,000. The ending work in process consists of 10,000 units (100% complete as to materials and 20% complete as to conversion costs). Calculate the equivalent units of production with respect to conversion costs.
Business
1 answer:
Natali5045456 [20]3 years ago
6 0

Answer:

EU conversion    82,000

Explanation:

for WA we calcualte equivalent units as comeplted units plus percentage of completion on ending WIP inventory

completed units 80,000

ending WIP inventory

10,000 x 20% =    2,000

EU conversion    82,000

There is not distinction betwene started and comeplted like FIFO because the cost will be calcualte on average. The order on which the units are made does no influence under weighted average method.

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3 years ago
1. Meg Ryan, the bookkeeper of Logan Co., was scheduled to leave on a three-week vacation at 5:00 on Friday. She couldn’t get th
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Answer:

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Problem 3.1. A European call option on a stock with a strike price of $50 and expiring in six months is trading at $14. A Europe
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Answer:

The. Trader should buy the out option

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Matthew​ Liotine's Dream Store sells water beds and assorted supplies. His​ best-selling bed has an annual demand of 410 units.
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<u>Given:</u>

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