The Finishing Department reports the following data for the month: Equivalent Units of Production: Transferred In .............

Question:

The Finishing Department reports the following data for the month:
Equivalent Units of Production:
Transferred In ............. 3,000
Direct Materials .......... 3,000
Conversion Costs ........ 2,250

Beginning WIP Added this Month Costs: Total Transferred In $ 7,500 3,250 $ 22,500 9,750 %24 $ 15,000 6,500 13,000 Direct

Calculate the cost per equivalent units of production for each input. The company uses the weighted-average method?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 66% (18 reviews)

Transferred In 22500 3000 EUP 75...View the full answer

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question

Horngrens Accounting

ISBN: 978-0134674681

12th edition

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

See More Books

Question Posted: Feb 12, 2018 09:54 AM

See More Questions

The Finishing Department reports the following data for the month: Equivalent Units of Production: Transferred In .............

Question:

Beginning WIP Added this Month Costs: Total Transferred In $ 7,500 3,250 $ 22,500 9,750 %24 $ 15,000 6,500 13,000 Direct Materials 6,125 19,125 Conversion Costs Total $ 16,875 $ 51,375 $ 34,500

Step by Step Answer:

Transferred In 22500 3000 EUP 75...View the full answer

Horngrens Accounting

Students also viewed these Managerial Accounting questions