The management accountant has left this partially completed process costing template: Physical Units Total Equivalent Units...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The management accountant has left this partially completed process costing template: Physical Units Total Equivalent Units Timber Conversion costs Eq. Units $ $ Eq. units $ Units Beg. WIP Current 5,000 $22,900 5,000 $7,900 10,000 $102,300 10,000 $30,000 2,000 $15,000 11,425 $72,300 Total 15,000 $125,200 15,000 $37,900 13,425 $87,300 Transferred out 4,500 4,500 4,500 End. WIP 10,500 10,500 8,925 Total 15,000 15,000 13,425 Assuming the company uses the weighted average method calculate the total value of ending WIP inventory. Enter your final answer to 2 decimal places. The management accountant has left this partially completed process costing template: Physical Units Total Equivalent Units Timber Conversion costs Eq. Units $ $ Eq. units $ Units Beg. WIP Current 5,000 $22,900 5,000 $7,900 10,000 $102,300 10,000 $30,000 2,000 $15,000 11,425 $72,300 Total 15,000 $125,200 15,000 $37,900 13,425 $87,300 Transferred out 4,500 4,500 4,500 End. WIP 10,500 10,500 8,925 Total 15,000 15,000 13,425 Assuming the company uses the weighted average method calculate the total value of ending WIP inventory. Enter your final answer to 2 decimal places.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
1. What are the three basic questions Financial Managers must answer? 2. What are the three major forms of business organization and identify their respective strengths and weaknesses. 3. Explain why...
-
The effect of stress on workers productivity in the banking sector in Egypt . Come up with the following: 1.Four sub-variables to measure each construct 2.Appropriate research questions and...
-
Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2022 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest...
-
tell us about a product or service that has been a hit by changing the product's target or the company's position. And why do you think it worked
-
Ms. TN owns a one-half interest in an apartment complex, which is her only passive activity. The complex operated at a $53,000 loss this year. In addition to her share of this loss, Ms. TN had the...
-
Thornton Industries began construction of a warehouse on July 1, 2018. The project was completed on March 31, 2019. No new loans were required to fund construction. Thornton does have the following...
-
When costs are rising, what effect does LIFO have on a balance sheet compared to FIFO?
-
Assume Nortel Networks contracted to provide a customer with Internet infrastructure for $2,000,000. The project began in 2013 and was completed in 2014. Data relating to the contract are summarized...
-
Master Grill Company sells outdoor grilling products, providing gas and charcoal grills, accessories, and installation services for custom patio grilling stations. Instructions Respond to the...
-
Problem 4: Micca Metals, Inc. is a specialty materials and metals company located in Detroit, Michigan. The company specializes in specific precious metals and materials which are used in a variety...
-
Use local linearization to approximate 25.3 as follows: Let f(x)=. The local linearization of f at 25 is 125(x) = yo+m(x-25), where m and yo= Using this, we find our approximation 25.3125(25.3) =...
-
Choose any business type undertaken in your country and show how the components of marketing mix have been used.
-
State how pay for performance might be used to achieve (or support) that objective. Provide 1-2 compensation examples in your response. Also Describe what is the compensation policy of performance?
-
What is Diluted EPS, and why is it important for investors?.. 2. How is Diluted EPS different from Basic EPS? 3. What factors can result in a potential dilution of EPS? 4. How are stock options and...
-
Consider the following.. = Find the derivative of the function. f'(x) = 1(x+1) (x-3)3 Find the slope m of the line tangent to the graph of f(x) at the point (7, 4). 3= -3 Find an equation of the...
-
For the function f(x) = 2e find f'(x). Then find f''(0) and f'(1). f''(x) =
-
Which, if any, of the dichloroethene molecules drawn in Data Table II (3.) (4.) and (5.) are geometric isomers? A. B. C. D. cis-1,2-dichloroethene and trans-1,2-dichloroethene...
-
Lockwood Company has two production departments, Fabricating and Assembling. At a department managers' meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate...
-
Loeb's Company's organization chart includes the president; the vice president of production; three assembly plants Dallas, Atlanta, and Tucson; and two departments within each plant Machining and...
-
The Hack craft Division of Nunez Company reported the following data for the current year. Top management is unhappy with the investment center's return on investment (ROI). It asks the manager of...
Study smarter with the SolutionInn App