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Natalija [7]
3 years ago
11

A manufacturing department has 50,000 EUP for units completed and transferred out and 4,500 EUP for units in ending inventory. M

aterials cost is $2.50 per EUP and labor and overhead cost is $3.75 per EUP.
The total amount of ending work in process inventory is _____.
Business
1 answer:
ludmilkaskok [199]3 years ago
6 0

Answer:

Value of closing inventory = $ 28,125.00

Explanation:

To value inventory, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units(EUP)  for each of the cost element.

So the value of the closing inventory, is determined as follows:

Value of inventory = cost per E.U.P × number of E.U.P

Material = $2.50 × 4,500 = 11,250.00

Labour and overhead= $3.75 × 4,500 =  16,875.00

Total amount of work in progress

= 11,250 + 16, 875

= $ 28,125.00

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Explanation:

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3 years ago
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Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:

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Learn more about maths in brainly.com/question/25903947

5 0
2 years ago
Country x would have an absolute advantage over country y in the production of automobiles under what conditions?
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3 years ago
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