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ycow [4]
3 years ago
13

Timberline Associates uses the weighted-average method in its process costing system. The following data are for the first proce

ssing department for a recent month:
Work in process, beginning:
Units in process 2,400
Percent complete with respect to materials 75%
Percent complete with respect to conversion 50%
Costs in the beginning inventory:
Materials cost $8,400
Conversion cost $7,200
Units started into production during the month 20,800
Units completed and transferred out 22,200
Costs added to production during the month:
Materials cost $97,400
Conversion cost $129,600
Work in process, ending:
Units in process 1,000
Percent complete with respect to materials 80%
Percent complete with respect to conversion 60%
Required:
A. Determine the equivalent units of production.
B. Determine the costs per equivalent unit.
C. Determine the cost of ending work in process inventory.
D. Determine the cost of the units transferred to the next department.
Business
1 answer:
givi [52]3 years ago
8 0
Determine the cost per equivalent units of production
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If we want to use a measure of inflation that foreshadows price changes before they affect prices at the retail level, we would
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The existence of conflict is an inevitable part of group dynamics.true or false
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Answer:

The statement is true

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3 years ago
What criteria do accountants use to decide whether to use present or future values in accounting statements?
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Answer:

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The formula for calculating PV is shown below

PV = CF/ (1+r)n

Here ‘CF’ is future cash flow, ‘r’ is a discounted rate of return and ‘n’ is the number of periods or year.

Example

Let’s say that you have been promised by someone that he will give you 10,000.00 Rs 5 year from today and interest rate is 8% so no we want to know what the present value of 10,000.00 Rs which you will receive in future so,

PV = 10,000/ (1+0.08)5

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