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natka813 [3]
3 years ago
12

A company uses the weighted average method for inventory costing . At the beginning of a period the production department had un

its in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department .
Business
1 answer:
Georgia [21]3 years ago
3 0

Answer

a. 178,200 units

Explanation:

Comple question <em>"A company uses the weighted average method for inventory costing. During a period, a production department had 54,000 units in beginning goods in process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending goods in process inventory and are 68% complete. Compute the number of equivalent units produced by the department. 178,200. 186,320. 183,000. 168,000. 114,000."</em>

<em />

Calculation of Equivalent Unit (as per Weighted Method)  

                                                                Unit      % of Completion  Equ. Unit

Unit Completed & Transferred Out    168,000            100%            168,000

Closing WIP                                          15,000               68%             10,200

Total Equivalent Unit                                                                         178,200

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<u>Requirement D:</u> Debt Service Coverage Ratio is 1.85

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Property Capitalized Value = Annual Operating Income / Minimum Accepted Rate of Return (MARR)

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<u></u>

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By putting values, we have:

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Total Debt Service for the year = Loan Amount * Debt Service Rate

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Loan Per Unit = $1,413,720 / 8 Units = $176,715 Per Unit

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