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3 years ago

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Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inven

tory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process

1 answer:

belka [17]3 years ago

6 0

Answer:

The total equivalent units for direct materials for October is 4,200

Explanation:

The Concept of Equivalent Units measures the number of units completed in terms of input element introduced in the process.

The Equivalent Units are Calculated on the units ending that is on the Units Completed and Units of Closing Work in Process

Note that materials are added at the beginning of the process

<u>Units Completed</u>

Are 100% complete in terms of Raw Materials

Equivalent units = 3900 × 100 % = 3900

<u>Units of Closing Work in Process</u>

Are 100% complete in terms of Raw Materials

Equivalent units = 30 × 100 % = 300

Total Equivalent Units = 3900+300 = 4,200

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2 years ago

The homeowner's property tax exemption will reduce an assessed valuation of $200,000 to:____.

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As per the rate of the tax, the valuation of $200,000 will become $193,000.

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Solution:

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1 year ago

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3 years ago

Assets Liabilities and Net Worth

KiRa [710]

Answer:

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