{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T05:37:00-04:00", "answer_date": "2024-06-28 05:37:00", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4246599", "url": "\/study-help\/questions\/alpha-company-on-march-1-2017-has-a-beginning-work-4246599", "question_creation_date_js": "2024-06-28T05:37:00-04:00", "question_creation_date": "Jun 28, 2024 05:37 AM", "meta_title": "[Solved] Alpha Company, on March 1, 2017 has a beg | SolutionInn", "meta_description": "Answer of - Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into produc | SolutionInn", "meta_keywords": "alpha,company,march,1,2017,beginning,work,process,inventory,zero,materials,added", "question_title_h1": "Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of", "question_title": "Alpha Company, on March 1, 2017 has a beginning Work in Process", "question_title_for_js_snippet": "Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero All materials are added into production at the beginning of its production There is only one production WIP inventory On March 1, Alpha started into production 10,000 units At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory The ending WIP was 60 complete with respect to conversion For the month of March the following costs were incurred and recorded in the WIP Direct Material$20,000 Direct Labor8,000 Factory Overhead32,000 Alpha uses the weighted average process costing method Use this information to determine for the month of March (Round enter final answers to the nearest penny ) 1 the cost per equivalent unit of direct material 2 the cost per equivalent unit of conversion 3 the cost per unit transferred to finished goods", "question_description": "

Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:<\/strong><\/p>

Direct Material$20,000<\/strong><\/p>

Direct Labor8,000<\/strong><\/p>

Factory Overhead32,000<\/strong><\/p>

Alpha uses the weighted-average process costing method. Use this information to determine for the month of March: (Round & enter final answers to the nearest penny.)<\/strong><\/p>

1. the cost per equivalent unit of direct material<\/strong><\/p>

2. the cost per equivalent unit of conversion<\/strong><\/p>

3. the cost per unit transferred to finished goods<\/strong><\/p>

<\/strong><\/p>", "transcribed_text": "", "related_book": { "title": "Entrepreneurial Finance", "isbn": "1305968352, 978-1337635653, 978-1305968356", "edition": "6th edition", "authors": "J. Chris Leach, Ronald W. Melicher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1482.jpg", "uri": "\/textbooks\/entrepreneurial-finance-6th-edition-1482", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CXXCPMGD", "uri": "\/textbooks\/launchpad-a-comprehensive-guide-to-starting-your-successful-business-1st-edition-979-8884444133-270212", "name": "Launchpad A Comprehensive Guide To Starting Your Successful Business", "edition": "1st Edition" }, "question_posted": "2024-06-28 05:37:00", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/explain-the-term-design-for-manufacturing-and-briefly-explain-why", "description": "Explain the term design for manufacturing and briefly explain why it is important.", "stars": 3 }, { "url": "\/study-help\/biostatistics\/why-should-a-confidence-interval-for-the-parameter-being-tested-1981142", "description": "Why should a confidence interval for the parameter being tested be reported along with the results of the hypothesis test?", "stars": 3 }, { "url": "\/focus-group-research-conducted-by-advertising-agencies-like-leo-burnett", "description": "Focus group research conducted by advertising agencies like Leo Burnett shows that Asias youngsters (the proverbial Xgeneration) mimic American trends, but at the same time, they are pretty...", "stars": 3 }, { "url": "\/study-help\/questions\/on-december-1-2017-prosen-distributing-company-had-the-following-9854024", "description": "On December 1, 2017, Prosen Distributing Company had the following account balances. Debit Credit Cash $?7,200 Accumulated DepreciationEquipment Accounts Receivable 4,600 $?2,200 Inventory 12,000...", "stars": 3 }, { "url": "\/study-help\/questions\/green-caterpillar-garden-supplies-inc-reported-sales-of-1451996", "description": "??????? Green Caterpillar Garden Supplies Inc. reported sales of \\( \\$ 743,000 \\) at the end of last year; but this year, sales are expected to grow by \\( 6 \\% \\). Green Caterpillar expects to...", "stars": 3 }, { "url": "\/study-help\/questions\/in-explaining-why-monetary-policy-did-not-pull-japan-out-2845168", "description": "In explaining why monetary policy did not pull Japan out of a recession in the early 2000s, an official at the Bank of Japan was quoted as saying that despite \"major increases in the money supply\"...", "stars": 3 }, { "url": "\/study-help\/questions\/2-4-points-find-the-constrained-minimum-and-maximum-values-1000970", "description": "2. [4 points] Find the constrained minimum and maximum values of the function f(x, y) = (x-2y)2 subject to the constraint x + y = 5, as well as all points at which they occur.", "stars": 3 }, { "url": "\/study-help\/questions\/the-fdic-asserted-gross-negligence-by-crowe-allegedly-there-was-3639753", "description": "The FDIC asserted gross negligence by Crowe. Allegedly, there was concealment and collusion to pep petrate a fraud within the bank and from outside sources. Crowe was held to the AICPA's standards...", "stars": 3 }, { "url": "\/study-help\/questions\/to-close-out-this-portfolio-project-you-will-reflect-on-3667952", "description": "To close out this Portfolio Project, you will reflect on the project as a whole. This reflection will be delivered orally in the format of a PowerPoint with voiceover, with a total recording length...", "stars": 3 }, { "url": "\/study-help\/questions\/your-friend-pablo-owns-company-called-essential-eats-ee-for-3614225", "description": "Your friend Pablo owns company called \"Essential Eats\" (EE for short). EE makes baked goods using a free community kitchen. Pablo sells them at a local weekly sport park meet up. The sports park...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/sartorial-mens-wear-receives-a-shipment-of-fall-fashions-and-4246598", "next": "\/study-help\/questions\/3-10-points-peridot-leasing-entered-into-an-agreement-to-4246600" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Alpha Company, on March 1, 2017 has a beginning Work in Process", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/alpha-company-on-march-1-2017-has-a-beginning-work-4246599" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }