Lebaum Corporation uses the weighted average method in its process costing system Data concerning the second processing department for the most recent month are listed below 400 units Production data: Units in process, beginning (materials 60% complete: conversion 20% complete) Units transferred in during the month from the preceding department Units completed and transferred out during the month: Units in process, ending (materials 40% complete, conversion 80% complete) 1200 units 1,000 units ? units $ 28,992 $ Cost data. Work in process, beginning. (consists of cost transferred in. $12.400, materials cost $9,078, and conversion cost $7,514) Costs transferred in during the month Materials cost added during the month: Conversion costs incurred during the month 126,000 82.000 $ 108,000 What is the cost per equivalent unit for materials? (Choose the closest answer) Multiple Choice G92 Lebaum Corporation uses the weighted average method in its process costing system. Data concerning the second processing department for the most recent month are listed below 400 units Production data: Units in process, beginning (materials 60% complete; conversion 20% complete) Units transferred in during the month from the preceding department Units completed and transferred out during the month Units in process, ending: (materials 40% complete conversion 80% complete) 1200 units 1000 units 2 units $ 28,992 Cost data Work in process, beginning (consists of cost transferred in, $12.400, materials cost $9,078, and conversion cost $7.514) Costs transferred in during the month Materials cost added during the month Conversion costs incurred during the month $ $ $ 126.000 82000 108.000 What is the cost of units completed and transferred out? (Choose the closest answer) Wolfpack company, a merchadising company is preparing a budget for the month of July. The company's beginning balance of Accounts Payable in July is $42.200 Budgeting Assumptions: 1. All merchandise purchases are on account. 40% of merchandise inventory purchases are paid in the month of the purchase and the remaining 60% is paid in the month after the purchase. The accounts payable on June 30 will be paid in July 2. The company's cash budget for July shows expected cash disbursements for merchandise purchases of $61,200 How much is the budgeted merchandise purchases for July? Help Save & Exit Su Flatiron Corp has the following budgeted sales in each quarter of the year 2020 Expected Sales $ 300,000 $ 320,000 $ 340,000 $360,000 Cash collection information are as follows: 1. Of all sales, 80% are on credit 2 For the credit sales made in the year 2020, 60% of credit sales are collected in the quarter in which the sale is made 30% are collected in the following quarter, and 10% are collected in the second quarter after sale. 3 Accounts Receivable is estimated to be $60,000 on December 31,2019. The company expects to collect all outstanding receivable in the first quarter of 2020 What is the ending balance of Accounts receivable for 2020? tinte canice Lebaum Corporation uses the weighted average method in its process costing system Data concerning the second processing department for the most recent month are listed below 400 units Production data: Units in process, beginning (materials 60% complete: conversion 20% complete) Units transferred in during the month from the preceding department Units completed and transferred out during the month: Units in process, ending (materials 40% complete, conversion 80% complete) 1200 units 1,000 units ? units $ 28,992 $ Cost data. Work in process, beginning. (consists of cost transferred in. $12.400, materials cost $9,078, and conversion cost $7,514) Costs transferred in during the month Materials cost added during the month: Conversion costs incurred during the month 126,000 82.000 $ 108,000 What is the cost per equivalent unit for materials? (Choose the closest answer) Multiple Choice G92 Lebaum Corporation uses the weighted average method in its process costing system. Data concerning the second processing department for the most recent month are listed below 400 units Production data: Units in process, beginning (materials 60% complete; conversion 20% complete) Units transferred in during the month from the preceding department Units completed and transferred out during the month Units in process, ending: (materials 40% complete conversion 80% complete) 1200 units 1000 units 2 units $ 28,992 Cost data Work in process, beginning (consists of cost transferred in, $12.400, materials cost $9,078, and conversion cost $7.514) Costs transferred in during the month Materials cost added during the month Conversion costs incurred during the month $ $ $ 126.000 82000 108.000 What is the cost of units completed and transferred out? (Choose the closest answer) Wolfpack company, a merchadising company is preparing a budget for the month of July. The company's beginning balance of Accounts Payable in July is $42.200 Budgeting Assumptions: 1. All merchandise purchases are on account. 40% of merchandise inventory purchases are paid in the month of the purchase and the remaining 60% is paid in the month after the purchase. The accounts payable on June 30 will be paid in July 2. The company's cash budget for July shows expected cash disbursements for merchandise purchases of $61,200 How much is the budgeted merchandise purchases for July? Help Save & Exit Su Flatiron Corp has the following budgeted sales in each quarter of the year 2020 Expected Sales $ 300,000 $ 320,000 $ 340,000 $360,000 Cash collection information are as follows: 1. Of all sales, 80% are on credit 2 For the credit sales made in the year 2020, 60% of credit sales are collected in the quarter in which the sale is made 30% are collected in the following quarter, and 10% are collected in the second quarter after sale. 3 Accounts Receivable is estimated to be $60,000 on December 31,2019. The company expects to collect all outstanding receivable in the first quarter of 2020 What is the ending balance of Accounts receivable for 2020? tinte canice