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inysia [295]
2 years ago
7

At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to m

aterials, and 20% complete as to conversion. The cost of the beginning inventory, $28,650, consisted of $22,400 of material costs and $6,250 of conversion costs. During the month the department started 115,000 units and transferred 120,000 units to the next manufacturing department. Costs added in the current month consisted of $229,600 of materials costs and $540,500 of conversion costs. At the end of the month, the department had 15,000 units in inventory, 40% complete as to materials and 10% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the costs per equivalent unit of materials and conversion respectively for the Painting Department.
Business
1 answer:
velikii [3]2 years ago
5 0

Answer:

Cost per EUP Materials: $2,00

Cost per EUP Conversion: $4,50

Explanation:

                                              Materials                        Conversion

Beginning WIP Cost              $22,400                             $6,250

Cost added in the period   <u>$229,600                         $540,500</u>

Total Cost of the Units        $252,000                         $546,750

Equivalent Units of Production (EUP): Completed Units + Ending WIP Units

EUP Materials = 120,000 + 15,000 x 40% = 126,000

EUP Conversion = 120,000 + 15,000 x 10% = 121,500

Cost per Equivalent Unit: Cost of Units / EUP  

Cost per EUP Materials: $252,000 / 126,000 = $2,00

Cost per EUP Conversion: $546,750 / 121,500 = $4,50

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lidiya [134]

Answer:

g = 0.05229 or 5.229% rounded off to 5.23%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D1 / (r - g)

Where,

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Plugging in the available values for P0, D1 and r, we can calculate the value of g.

82 = 4.65  /  (0.109 - g)

82 * (0.109 - g) = 4.65

8.938 - 82g  =  4.65

8.938 - 4.65 = 82g

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g = 4.288 / 82

g = 0.05229 or 5.229% rounded off to 5.23%

8 0
2 years ago
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san4es73 [151]

Answer:

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7 0
2 years ago
Even after a foreclosed property is sold at public auction, the defaulting borrower may be able to recover the property for a ti
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This right is called the right of Redemption

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8 0
1 year ago
Jackson Co. began the year with $20,000 in inventory. During the year, the company purchased $80,000 worth of inventory. At the
Irina-Kira [14]

Answer:

The total cost of goods sold  = $70,000

Explanation:

Given:

Initial inventory at the start of the year for Jackson Co. = $20,000

Total cost of purchases made during the year = $80,000

Inventory remaining at the end of the year = $30,000

Solution:

Total inventory for Jackson Co. during the year = \$20,000+\$80000= \$100,000

Inventory remaining at the end of the year = $30,000

The cost of the goods sold can be calculated by subtracting the remaining  inventory from the total inventory.

Thus, cost of goods sold can be given as :

⇒ \$100,000-\$30,000

⇒  \$70,000

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