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Romashka [77]
3 years ago
12

Department M had 2,000 units 40% completed in process at the beginning of June, 12,000 units completed during June, and 1,200 un

its 25% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories?
Business
1 answer:
goldfiish [28.3K]3 years ago
3 0

Answer:

11,500 was the number of Equivalent Units of Production (EUP)

Explanation:

EUP (FIFO) = Completed Units + Units at the end of the period - Units at the beginning of the period

EUP (FIFO): 12,000 + 1,200 x 25% - 2,000 x 40% = 11,500

Remember:

In the FIFO method to calculate EUP is considered the sum of work done on beginning inventory and percentage of work done on ending inventory adding to the started and completed units during the period.

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hedging, or reducing risk, is the same as adding value or return to the firm. group of answer choices true false
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false Hedging, or lowering risk, is the same as increasing the firm's value or return.

<h3>How might currency risk be reduced through hedging?</h3>

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<h3>What does hedge mean?</h3>

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A firm must choose among three alternative ways to compensate its salaried employees. It can pay them at the end of each week, a
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3 years ago
A finance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on July
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Answer:

a. The preparation of partial amortization is shown below:-

b. $2,892

Explanation:

a. Date Lease  Effective        Decrease in  Outstanding              

             payment     interest           balance          balance

July 1                                                                           $150,000

July 1     $5,376                                  $5,376             $144,624

                                                                                ($150,000 - $5,376)

Oct 1      $5,376       $2,892              $2,484              $142,140

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So, the Effective interest = $144,624 × 0.02

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4 0
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