Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the equivalent unit for Transfered in cost Direct material Conversion cost Happy Company produces baseball bats and cricket paddles. It has two departments

what is the equivalent unit for
Transfered in cost
Direct material
Conversion cost
image text in transcribed
image text in transcribed
Happy Company produces baseball bats and cricket paddles. It has two departments that process all products - Cutting Department and Finishing Department. In Finishing Department, direct materials (DM) are added at the start of the process and conversion costs (CC) are added evenly during the process, Company is using Weighted Average method for the Finishing Department. During July, beginning work in process in the Finishing Department was 80% complete as to conversion. Beginning inventories included $28,000 for transferred-in costs, $12,000 for direct materials, and $25,000 for conversion costs. Ending inventory was 30% complete as to CC. Additional information about the Finishing Department follows: What is equivalent units for transferred-in cost, direct materials, and conversion cost, respectively? Example of Answer: 4000 (No comma, space, decimal point, or $ sign)

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

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

Recommended Textbook for

The Social Work Ethics Audit A Risk Management Tool

Authors: Frederic G. Reamer

1st Edition

0871013282, 978-0871013286

More Books

Students also viewed these Accounting questions

Question

recognise typical interviewer errors and explain how to avoid them

Answered: 1 week ago

Question

identify and evaluate a range of recruitment and selection methods

Answered: 1 week ago

Question

understand the role of competencies and a competency framework

Answered: 1 week ago