The cost per equivalent unit of direct materials and conversion in the Rolling Department of Mohawk Valley
Question:
The cost per equivalent unit of direct materials and conversion in the Rolling Department of Mohawk Valley Steel Company is $58.50 and $11.60, respectively. The equivalent units to be assigned costs are as follows:
The beginning work in process inventory had a cost of $209,000. Determine the cost of completed and transferred-out production and the ending work in processinventory.
Transcribed Image Text:
Equivalent Units Direct Mtials Conversion Inventory in process, beginning of period Started and completed during the period Transferred out of Rolling (completed) Inventory in process, end of period Total units to be assigned costs 78,000 78,000 5,680 83,680 2,760 78,000 80,760 1,420 82,180
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
Direct Materials Costs Inventory in process balance Inventory in process beginning of perio...View the full answer
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Keystone Steel Company are $ 60 and $ 10, respectively. The equivalent units to be assigned costs are as...
-
The Rolling Department of Mohawk Valley Steel Company had 3,450 tons in beginning work in process inventory (20% complete). During the period, 81,450 tons were completed. The ending work in process...
-
The costs per equivalent unit of direct materials and conversion in the Filling Department of Savannah Lotion Company are $ 0.35 and $ 0.08, respectively. The equivalent units to be assigned costs...
-
17. [1.1/2 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER Write the composite function in the form f(g(x)). [Identify the inner function u-g(x) and the outer function y=f(u).) (Use...
-
Drake Corporation is reviewing an investment proposal. The initial cost and estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net income...
-
A steel pot, with conductivity of 50 W/m K and a 5-mm-thick bottom, is filled with 15Cliquidwater. The pot has a diameter of 20 cm and is now placed on an electric stove that delivers 500 W as heat...
-
Which employee is most likely to be a representative of Generation X? A. Mary, who has worked at the hospital for 10 years and would not think of quitting. B. Sue, who is motivated by money and will...
-
How much do you have to deposit today so that beginning 11 years from now you can withdraw $10,000 a year for the next five years (Periods 11 through 15) plus an additional amount of $20,000 in the...
-
Please provide External and Internal Analysis for Air Canada. I am providing the overview of what internal and external analysis mean. Hint: External analysis involves: (1) an examination of the...
-
After calculating the ratios for Smolira Golf, you have uncovered the following industry ratios for 2019: How is Smolira Golf performing based on these ratios? Some recent financial statements for...
-
The cost per equivalent unit of direct materials and conversion in the Filling Department of Keystone Personal Care Company is $0.32 and $0.16, respectively. The equivalent units to be assigned costs...
-
The cost of materials transferred into the Filling Department of Keystone Personal Care Company is $170,240, including $50,100 from the Blending Department and $120,140 from the materials storeroom....
-
McLennon Company had an Accounts Receivable balance of $320,000 and a credit balance in Allowance for Uncollectible Accounts of $16,700 at January 1, 2014. During the year, the company recorded the...
-
A tennis player moves in a straight-line path as shown in the figure below. Find her average velocity in the following time intervals. x (m) 4 2 (a) 0 to 1.0 s t(s) 2 3 4 5 m/s (b) 0 to 4.0 s m/s (c)...
-
Convert this formula to linear for y=mx+c = Eg 2kT
-
You are an assistant to Blake Harper, a partner in Parma Disaster Recovery in Atlanta, Georgia. The firm offers training and consulting services to companies that want to prepare for or recover from...
-
Discuss appropriate management of diversity, and how it can help in the areas of cost, acquisition, resources, marketing, creativity, problem solving, and flexibility?
-
Equation 4 --> I^2 = (bg/a uo n L) m fixed data: Fixed Data: [mg/cm] 4.38 l [cm] 14.8 N [turns] 550 n [m-1] 37.16216 a [cm] 8.4 b [cm] 8.5 L [cm] 2.2 slope = y = 96364 + 3^-15 calculate the...
-
In 2014, Apples revenue was $183 billion, and it grew to $267 billion in 2018. a. What is the nominal growth rate of Apples revenue from 2014 to 2018? b. What is the value of Apples 2018 revenue in...
-
You've been asked to take over leadership of a group of paralegals that once had a reputation for being a tight-knit, supportive team, but you quickly figure out that this team is in danger of...
-
Let \(f: X ightarrow Y\) be a map, \(A \subset X\) and \(B \subset Y\). Show that, in general, \[f \circ f^{-1}(B) \varsubsetneqq B \text { and } f^{-1} \circ f(A) \supsetneq A \text {. }\] When does...
-
(NOL Carry back and Carry forward, Valuation Account Needed) Nielson Inc. reports the following pretax income (loss) for both book and tax purposes. (Assume the carry back provision is used where...
-
(NOL Carry back and Carry forward, Valuation Account Needed) Hayes Co. reported the following pretax financial income (loss) for the years 20092013. 2009.............................$240,000...
-
(Objectives and Principles for Accounting for Income Taxes) The amount of income taxes due to the government for a period of time is rarely the amount reported on the income statement for that period...
-
Question A 3-year bond pays a 7% coupon rate (with annual coupon payments) and matures at par. Assuming that the bond was purchased at par, calculate the convexity of this bond. Possible Answers
-
In recent years, polling has shown that the most acceptable way to refer to someone who is 65 or older is the term
-
The Hondasaki Motorcycle Company has a normal two-stage absorption job-order costing system. They close over- or under-applied overhead directly into Cost of Sales, and use expected production as...
Study smarter with the SolutionInn App