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
Snezhnost [94]
3 years ago
14

A company completes 21,000 units this month and has ending goods in process inventory of 3,000 units which are estimated to be 4

0% complete. Total production costs are $666,000. The cost of ending Goods in Process Inventory is:______.
Business
1 answer:
Artyom0805 [142]3 years ago
6 0

Answer: $36,000

Explanation:

First calculate the Equivalent Units of Production;

= 21,000 + (3,000 * 40%)

= 21,000 + 1,200

= 22,200 units

Then find the cost of each units.

= Total production cost/ Equivalent units of production

= 666,000/22,200

= $30 per unit

Then the cost of ending Goods in Process Inventory is:

= Equivalent ending process inventory units * cost per unit

= 1,200 * 30

= $36,000

You might be interested in
The Refining Department of​ SweetBeet, Inc. had​ 79,000 tons of sugar to account for in July. Of the​ 79,000 tons,​ 49,000 tons
Kazeer [188]

Answer:

79,000 tons

Explanation:

When you use the weighted average method for determining equivalent units, the total number of equivalent units = units completed and transferred out + equivalent units in ending inventory.

In this case, since the materials are added at the beginning of the production process, all the units are 100% complete regarding direct materials.

5 0
4 years ago
How does a red team versus blue team exercise help an organization
Ber [7]

Answer:

By practicing simulated cyber attacks. They help in improving the security and firewall of organization thereby enhancing their resistance to cyber infiltration.

Explanation:

Organizations may often intend to evaluate and their degree of vulnerability and test their security standard, hence, they employ the use of a simulated threat pattern whereby the red team act as a threat by using several infiltration techniques usually used by actual infiltrators, the blue team on the other hand acts to repel the advances of the red team by implementing security protocols and architecture capable of neutralizing the simulated attacks of the red team. This way organizations beef up their security in other to forestall actual potential attacks against capable of invading their information and digital systems.

8 0
3 years ago
In exchange for a share of the revenues earned on campus, State U has granted CheapFizz the exclusive right to sell soft drinks
evablogger [386]

Answer:

The correct answer is option D.

Explanation:

The price of a 12 ounce can of CheapFizz is 75 cents.

After a deal with State U, CheapFizz gets exclusive rights to sell soft drink on the campus.

This makes CheapFizz a monopoly firm.

A monopoly firm is a price maker and produces at the point where the marginal cost is equal to marginal revenue. At this point the output level is lower than socially optimal and the price level is higher than socially optimal.

This means that the price of CheapFizz cans will be more than 75 cents after the deal.

5 0
3 years ago
Which form do independent contractors receive from clients to verify income
kirill115 [55]
The answer is for this question is B
3 0
3 years ago
Read 2 more answers
Match the sub-specialization to their definitions.
larisa [96]

Answer:

Auditing:conduct an official financial inspection of (a company or its accounts).

taxation : Taxation is the means by which a government or the taxing authority imposes or levies a tax on its citizens and business entities. From income tax to goods and services tax (GST), taxation applies to all levels.

environmental accounting : Environmental accounting is a field that identifies resource use, measures and communicates costs of a company's or national economic impact on the environment.

forensic accounting: Forensic accounting is a combination of accounting and investigative techniques used to discover financial crimes. One of the key functions of forensic accounting is to explain the nature of a financial crime to the courts.

hope it helps

4 0
3 years ago
Read 2 more answers
Other questions:
  • Nevin is a longtime teacher supervising a group of very eager, very dedicated teach for america volunteers who are excited about
    5·2 answers
  • The management of a facility that manufactures parts for car brakes has a policy of testing only some of the items in each produ
    7·1 answer
  • Data concerning Farm Corporation's single product appear below: Selling price per unit $ 320.00 Variable expense per unit $ 76.8
    13·1 answer
  • A commercial testing company has developed a brand new test intended to measure the mathematical skills of students who possess
    9·1 answer
  • The management approach of _____ was one of the first to recognize that enriching the lives of organizational and community fami
    5·1 answer
  • What is the rule of​ 70? The rule of 70
    5·1 answer
  • Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met
    9·1 answer
  • If Mark Allen wants to train healthcare providers in the system to communicate better with one another about patient health, whi
    10·2 answers
  • Both power distance and femininity are negatively related to the Environmental Sustainability Index.
    8·1 answer
  • describe some similarities and differences among broker-dealer networks, alternative trading systems (ats), and registered stock
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!