FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending WIP, 40% complete as

largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending WIP, 40% complete as to conversion costs, and 100% complete as to materials cost, the total cost assignable to the ENDING WIP INVENTORY is:

Select one:

a. $45,000

b. $55,000

c. $75,000

d. $100,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting

Financial And Managerial Accounting

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

1st Edition

9781118004234, 111800423x

More Books

Students also viewed these Accounting questions

Question

★★★★★
Courts are more willing to find misrepresentation if the defendant has a fiduciary relationship with the plaintiff than if a transaction occurs at arms length between the parties. True False

Answered: 1 week ago

Question

★★★★★
Maple maintains a petty cash fund of $250. On April 30, the fund holds $19 cash, petty cash tickets for office supplies, $185, and delivery expense, $40. Requirements 1. Make the journal entry to...

Answered: 1 week ago

Question

★★★★★
Create a new class file called OrExercise with a main() container. Use the ( ) operator to create the following outputs: IX P is true and Q is true. Therefore, P | P is false and Q is true....

Answered: 1 week ago

Question

★★★★★
1. Share your own hobbies, interests, and favorites.

Answered: 1 week ago

Question

★★★★★
Corporate culture has been said to be the toughest component of a business to change. Do you agree or disagree with this statement and why? Define the five types of power according to French and...

Answered: 1 week ago

Question

★★★★★
Sam saved RM 3,000 in an account which offered r% simple interest per annum on 15 February 2022. If the interest obtained on 1 April 2022 was RM 25, find: (a) the exact time of the investment (b) the...

Answered: 1 week ago

Question

★★★★★
True, False, Uncertain. Explain. Q.1 A rise in the Canadian interest rate R$ relative to European rates raises Canadian money demand L(R$, YC) thereby causing a proportional appreciation of the...

Answered: 1 week ago

Question

★★★★★
A service delivery process is a process enabling the delivery of a service. It requires a coupling between a provider and consumer and sometimes necessitates means. The service is returned as long as...

Answered: 1 week ago

Question

★★★★★
(a) From the information gathered from the rationale of hackers and impact of cyber- attack, organisations can improve their security posture against cyber adversaries. (i) (ii) (iii) Recommend and...

Answered: 1 week ago

Question

★★★★★
a. The sales forecast is 2,000; 1,700; 1,600; and 1,500 units for January, February, March, and April, respectively. The unit sales price is $16. All sales are on credit and collections are 40% in...

Answered: 1 week ago

Question

★★★★★
Margaret Chu , general manager of The Times Hotel, has received a phone call from the Service Feedback Agency, which she employs to provide feedback on customer service. The agent from this service...

Answered: 1 week ago

Question

★★★★★
You are performinga study of the percentage of students at NCC that smoke cigarettes.You want to find a 90% confindence interval and you wish to be with 4% of the actual percentage.A similar study...

Answered: 1 week ago

Question

★★★★★
The following is the adjusted trial balance for Thompson on December 31, 2019. Thompson Trucking Adjusted Trial Balance December 31, 2019 Debit Credit Cash 41,050 Accounts receivable 7,500 Packing...

Answered: 1 week ago

Question

★★★★★
For the following exercises, write the first four terms of the sequence. a n = 2 n 2

Answered: 1 week ago

Question

★★★★★
Explain the extent towhich business property owned by an insured is covered under the homeowners forms. Be specific.

Answered: 1 week ago

Question

★★★★★
Identify and briefly describe the four coverages under Section I of the homeowners policy.

Answered: 1 week ago

Question

★★★★★
Briefly explain the distinction between named-peril coverage and open-peril coverage.

Answered: 1 week ago

Previous Question Next Question