Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple Choice (2018) The following data for Wix Corp will be used in multiple choice questions 18 March 2013 Percent Completed Units Materials Conversion Work-In-Process,

image text in transcribed

Multiple Choice (2018) The following data for Wix Corp will be used in multiple choice questions 18 March 2013 Percent Completed Units Materials Conversion Work-In-Process, Beginning Started into production Completed and Transferred Out 200,000 60,000 | 6000 30% 210,000 Work-In-Process, Ending 70.000 | 80% 40% 22,600.00 S 450,000.00 S Work-In-Process, Beginning Costs added during period 1) What are the total units to be accounted for? a) 210,000 b) 270,000 2) What are the total costs for March? a) $803,000 b) S472,600 3) What are the equivalent units for materials? a) 256,000 b) 410,000 4) What are the equivalent units for conversion? a) 328,000 b) 228,000 5) hat is the cost of materials per equivalent unit? a) $1.85/E b) S1.62/EU 6) What is the cost of conversion per equivalent unit? a) S1.85/EU b) S1.62/EU 7) What is the value of Materials Work-in-Process on Mar 31St? a) S129,500 b) S51,800 8) What is the value of Completed and Transferred Out units on Mar 31st? a) S694,000 b) $472,600 16,600.00 353,000.00 c) 200,000 d) None of the above c) $369,600 d) $842,200 c) 266,000 d) 270,000 c) 128,000 d) 270,000 c) $1.76/EU d) S1.5S/EUU c) $1.76/EU d) $1.55/EU c) $103,600 d) $54,480 c) $369,600 d) $842,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions