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olasank [31]
3 years ago
9

A production department's output for the most recent month consisted of 16,500 units completed and transferred to the next stage

of production and 16,500 units in ending Work in Process inventory. The units in ending Work in Process inventory were 60% complete with respect to both direct materials and conversion costs. There were 2,300 units in beginning Work in Process inventory, and they were 80% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Business
1 answer:
kodGreya [7K]3 years ago
3 0

Answer:

The equivalent units of production for the month, assuming the company uses the weighted average method is 26,400 units.

Explanation:

The equivalent units of production for the month when the company uses the weighted average method is the addition of the units completed and transferred to next stage and degree of completion of the units in ending Work in Process inventory.

This can therefore be calculated as follows:

Equivalent units of production for the month = Units completed and transferred to next stage + Units in ending Work in Process inventory

Since,

Units completed and transferred to next stage = 16,500 units

Units in ending Work in Process inventory = 16,500 * 60% complete = 9,900 units

Therefore, we have:

Equivalent units of production for the month = 16,500 + 9,900 = 26,400 units

Therefore, the equivalent units of production for the month, assuming the company uses the weighted average method is 26,400 units.

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C

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Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec
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Answer:

$250,000

Explanation:

Calculation for the cash flows from operating activities to be reported on the Statement of Cash Flows

Using this formula

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6 0
3 years ago
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Fried Caesar, grilled Caesar, Buffalo blue, fried cobb

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5 0
3 years ago
If the reserve ratio is 15 percent, and banks do not hold excess reserves, and people hold only deposits and no currency, then w
11111nata11111 [884]

Answer:

The money supply decreases by $25.5 million and money supply decreases by $170 million.

Explanation:

The reserve ratio is 15%.

The reserve sells bonds worth $25.5 million to the public.

This will cause a reduction of $25.5 million reserves as banks will need to pay  Fed for the bonds.

The money supply will change by

= \frac{1}{reserve\ ratio} \times\ change\ in\ reserves

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3 0
3 years ago
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Nutka1998 [239]

Answer:

the answer could be both yes and no. it depends on the industry and the level of the manager.

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5 0
3 years ago
Read 2 more answers
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