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
sergij07 [2.7K]
2 years ago
14

Richards Corporation uses the FIFO method of process costing. The following information is available for October in it's fabrica

ting department: Units: Beginning inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000 Units completed and transferred out: 330,000 Ending inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion Costs: Costs in beginning Work in Process - direct materials: $37,200 Costs in beginning Work in process - conversion: $79,700 Costs incurred in October - Direct materials: $646,800 Costs incurred in October: Conversion: $919,300 Calculate the equivalent units of conversion. A. 250,000 B. 317,000 C. 294,000 D. 333,000 E. 342,000
Business
1 answer:
Fofino [41]2 years ago
6 0

Answer:

B. 317,000

Explanation:

                     Statement of Equivalent production

Particulars           Conversion    % Completion    Equivalent Conversion

Opening WIP              80,000                   80%                 64,000

Units started &           250,000                100%                250,000

completed

Ending WIP                 30,000                   10%                  <u>3,000     </u>

Equivalent Units                                                                <u>317,000 </u>

You might be interested in
discuss what the scatter chart inidcates about the relationship between profits and market capitalization
Leona [35]

The scatter chart indicates that there is a positive linear relationship between profits and market capitalization.

<h3>What is a Scatter chart?</h3>

This is defined as a mathematical diagram which uses dots to represent values for two different numeric variables.

In this case, the scatter is relatively small with a positive slope which depicts a positive linear relationship between the variables.

Read more about Scatter chart here brainly.com/question/6592115

5 0
2 years ago
Which one of the following is not a primary component of an internal control system?
Bond [772]

The following is not a primary component of an internal control system <u>Control environment .</u>

<u />

The primary cause of inner controls is to assist safeguard an corporation and further its objectives. internal controls characteristic to limit risks and shield property, make certain accuracy of facts, sell operational efficiency, and inspire adherence to policies, rules, regulations, and legal guidelines.

Internal controls are techniques designed to help guard an enterprise and limit danger to its objectives. inner controls decrease risks and guard belongings, ensure accuracy of statistics, sell operational performance, and encourage adherence to policies, policies, policies, and laws.

Determining whether a specific internal manage machine is effective is a judgement because of an assessment of whether the five additives - manage surroundings, risk assessment, manage sports, information and communique, and tracking - are present and functioning.

Learn more about Internal controls here

brainly.com/question/26398073

#SPJ4

5 0
1 year ago
When production costs rise,a.the short-run aggregate supply curve shifts to the right. b.the short-run aggregate supply curve sh
Dovator [93]

Answer:

The Short Run Aggregate Supply Curve Shifts to the Right.

Explanation:

The short run aggregate supply curve shifts to the right because prices increase, and increased prices results in increased supply. However, increased prices drives down demand.

7 0
3 years ago
C) It is generally agreed that the government must provide public goods.
stich3 [128]
Public goods are food , plants Nd stuff in public
8 0
3 years ago
In a period when costs are declining and inventory quantities are stable, the lowest cost of goods sold would be reported by usi
shusha [124]

Answer:

LIFO

Explanation:

To record the lowest cost of goods sold, the ending inventory amount must be high. This would only be high in LIFO whish would not be affected by declining costs.

By using LIFO (Last in First Out) inventory valuation will be based on the value of the earliest goods purchased instead of latest goods purchased as in FIFO (First In First Out)

7 0
3 years ago
Other questions:
  • The term? "market" in economics refers to
    13·1 answer
  • If you believe in the ________ form of the EMH, you believe that stock prices reflect all relevant information, including histor
    15·1 answer
  • When the sales of a certain brand of diet soda slowed, a national grocery retailer decided to drop the price of that product, wh
    9·1 answer
  • Imagine you are the owner of a natural gas company. You can either extract as much of the resource as fast as possible or delay
    14·1 answer
  • How widely used are private correctional companies to operate jails?
    6·1 answer
  • The term inflation is used to describe a situation in which
    6·1 answer
  • Rent controls are a typical example of a price ceiling.
    12·1 answer
  • Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the
    13·1 answer
  • Have a good rest of your day guys keep a look out for more! love y'all!
    14·2 answers
  • Business owners are less optimistic about the health of the economy. What will be the effect on aggregate demand
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!