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Musya8 [376]
4 years ago
7

Oriole Company's Assembly Department has materials cost at $3 per unit and conversion cost at $7 per unit. There are 30300 units

in ending work in process, all of which are 70% complete as to conversion costs. All materials are added at the beginning of the process. How much are total costs to be assigned to ending inventory?
Business
1 answer:
telo118 [61]4 years ago
4 0

Answer:

$239,370

Explanation:

The computation of the total cost assigned to the ending inventory is shown below:

= Material cost per unit × number of units in ending work in process + Conversion cost per unit × number of units in ending work in process× completion percentage

= $3 × 30,300 units + $7 × 30,300 units × 70%

= $90,900 + $148,470

= $239,370

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umka21 [38]

Answer:

20,625 units

Explanation:

Calculation for the equivalent units of production

Using this formula

Equivalent units of production=Units completed+Ending work in process inventory

Let plug in the formula

Equivalent units of production=12,500+(12,500×65%)

Equivalent units of production=12,500+8,125

Equivalent units of production=20,625 units

​

Therefore the equivalent units of production for the month is 20,625 units.

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3 years ago
Revolving credit agreements are ________. short-term, unsecured promissory notes issued by a firm with a high credit standing no
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Answer:

guaranteed loans that specify the maximum amount that a firm can owe the bank at any point in time.

Explanation:

According to my research on the different types of credit agreements, I can say that based on the information provided within the question Revolving Credit agreements are guaranteed loans that specify the maximum amount that a firm can owe the bank at any point in time. Like mentioned above, this is a loan agreement usually seen in cases of a firm borrowing money from a bank.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
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Law Incorporation [45]

Answer:

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Ivanshal [37]

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