1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lara31 [8.8K]
3 years ago
6

A company uses the weighted average method for inventory costing. At the start of a period the production department had 28,000

units in beginning Work in Process inventory which were 44% complete; the department completed and transferred 169,000 units. At the end of the period, 26,000 units were in the ending Work in Process inventory and are 79% complete. The production department had conversion costs in the beginning goods is process inventory of $103,000 and total conversion costs added during the period are $726,925. Compute the conversion cost per equivalent unit.
Business
1 answer:
yaroslaw [1]3 years ago
6 0

Answer: $4.38

Explanation:

Conversion costs are based on completed units so those units that are yet to be completed will be converted into equivalent units.

Units produced = Units completed and transferred out + equivalent WIP

= 169,000 + (26,000 * 79%)

= 169,000 + 20,540

= 189,540 units

Total Conversion costs = beginning conversion costs + conversion costs added during period

= 103,000 + 726,925

= $829,925‬

Conversion cost per equivalent share

= 829,925‬/189,540

= 4.3786

= $4.38

You might be interested in
Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in
lianna [129]

Answer: Accrual accounting

Explanation: Under the accrual method of accounting, the entity records the revenues and expenses in the period of their occurrence, regardless when the cash is exchanged.

In the given case, Porite is recognizing revenues in the same period for the account receivable of asset from which that revenue is generated. Hence, the receiving of revenue is not taken into consideration.

Hence, from the above we can conclude that the practice of Porite is an example of accrual accounting.

3 0
4 years ago
in 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What wa
Nonamiya [84]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The  rate of increase for these automobiles between the two time periods is <span>75 percent.

Below is the solution:

</span><span>($28,000 – $16,000) / $16,000 = .75 (75 percent)</span>
5 0
3 years ago
Benjamin Addai determined the following tax information: gross salary, $87,000; interest earned, $80; deductible IRA contributio
Lelechka [254]
<span>Benjamin Addai determined the following tax information: gross salary, $41,000; interest earned, $80; deductible IRA contribution, $1,075; personal exemption, $3,950; and itemized deductions, $6,200. Calculate Benjamin’s taxable income and tax liability filing single.</span>
6 0
3 years ago
What are the three parts of the federal reserve system
Mnenie [13.5K]
The Board of Governors, the Federal<span> Open Market Committee, and 12 regional </span>reserve<span> banks.</span>
3 0
4 years ago
A person receives defective title to a property. The grantor of the title later cures the defect and tries to reclaim the proper
Scrat [10]

Answer:

(D) estoppel.

Explanation:

According to my research on Real Estate documentation, I can say that based on the information provided within the question the doctrine that may prevent the grantor from succeeding in reclaiming the property is called an estoppel. This is a legal document that prevents someone from arguing something against a previously made claim or act performed by that person previously.

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

7 0
4 years ago
Other questions:
  • A classified income statement has four major sections—operating revenues, cost of goods sold, operating expenses, and non-operat
    12·1 answer
  • Alice and jane are identical twins. alice has been diagnosed with the paranoid type of schizophrenia. according to twin studies,
    7·1 answer
  • XYZ Mutual Fund, an open-end investment company, has an NAV of $20 and a public offering price of $21.40. The prospectus states
    13·1 answer
  • Which best ranks the Education and Training careers in order of highest to lowest degree required?
    5·2 answers
  • Which is an example of a proprietorship?
    13·1 answer
  • Damon Industries manufactures 30,000 components per year. The manufacturing costs of the components was determined as follows:
    7·1 answer
  • Many auto shops that promise oil changes in 30 minutes or less assign one person to put the car on the lift, a second to drain t
    14·1 answer
  • Please help me........
    15·1 answer
  • D Discuss whether or not an increase in income will cause an increase in spending. (8)
    5·1 answer
  • What is the first thing you should do when you open an account
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!