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Lelechka [254]
2 years ago
7

The Madden Company uses a process costing system. During September the mixing department transferred out 65,000 units. The Septe

mber 30th work-in-process inventory in the mixing department consisted of 22,000 equivalent units of material and 20,150 equivalent units of labor and overhead. The cost per equivalent unit was $5.50 for materials and $5.00 for labor and overhead.
The total balance in the work-in-process inventory account on September 30th was______.
Business
1 answer:
iren [92.7K]2 years ago
5 0

Answer:

Total balance in the work-in-process inventory account on September 30th was  $ 121000 + $ 110825= $ 231825

Explanation:

Cost per equivalent unit for material = $ 5.50

Equivalent units of materials = 22,000

Cost of Materials = $ 121,000

Cost per equivalent unit for labor and overhead = $ 5.50

Equivalent units of materials = 20,150

Cost of labor and FOH = $ 110825

Total balance in the work-in-process inventory account on September 30th was = Material + Labor + OH=  $ 121000 + $ 110825= $ 231825

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3 years ago
. If Samsung is using experiments as a research method to understand what kinds of mobile phones are more functional as opposed
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The correct answer to the question above is:

D. Quantitative

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6 0
3 years ago
Which type of organization means that there are few or no levels of managers in between the top people who run the company and t
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3 years ago
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and an 8% coupon, semiannua
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Answer:

Firms after tax of debt is 6.87%

Explanation:

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=RATE(nper,pmt,pv,fv)*(1-tax rate)

=(RATE(20*2,40,-894.87,1000)*2)*(1-25%)

=6.87%

7 0
2 years ago
Read 2 more answers
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