The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory
Question:
The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory (25% complete) on July 1. During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons (40% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Inventory in process July 1 Started and completed during Jul...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
In July, the cost of materials transferred into the Rolling Department from the Casting Department of Oak Ridge Steel Company is $432,000. The conversion cost for the period in the Rolling Department...
-
The Rolling Department of Atlas Steel Company had 4,150 tons in beginning work in process inventory (40% complete). During the period, 83,580 tons were completed. The ending work in process inventory...
-
The Rolling Department of Matco Steel Company had 380 tons in beginning work in process inventory (40% complete). During the period, 9,050 tons were completed. The ending work in process inventory...
-
In Exercises 3538, evaluate C F dr. F(x, y, z) = xi + yj + zk C: r(t) = 2 cos ti + 2 sin tj + tk, 0t 2
-
Sharpen your use of accounting terms by working this crossword puzzle. Down: 1. Records a decrease in a liability 4. Bottom line of an income statement 7. Revenue net income = ________ Across: 2....
-
How can companies and managers prevent inequity problems?
-
Describe the coaching leadership style. AppendixLO1
-
Molly and Joe Mayne own Campus Fashions. From its inception Campus Fashions has sold merchandise on either a cash or credit basis, but no credit cards have been accepted. During the past several...
-
TA 5 equity section of the balance sheet for the Irvine Corporation at year-enu. 11.18 Interpreting the Foreign Currency Translation Adjustment Account. The following information is taken from the...
-
In 2009, Jay Inc. and Vee Ltd., both Canadian manufacturing companies, decided to form a joint venture to build and operate a manufacturing plant in Asia. Their joint venture would have lower...
-
Carol Creedence, the plant manager of the Clearwater Company's Revival plant, has prepared the following graph of the unit costs from the job cost reports for the plant's highest volume product,...
-
The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory (25% complete) on July 1. During July, 2,200 tons were completed. The ending work in process...
-
Suppose your company's income statement reports $160 of net income, and its comparative balance sheet indicates the following. Required: 1. Prepare the operating activities section of the statement...
-
The English statistician Karl Pearson (1857-1936) introduced a formula for the skewness of a distribution. P = 3 ( x median ) s Pearson's index of skewness Most distributions have an index of...
-
You are to specify an orifice meter for measuring the flow rate of a $35^{\circ} \mathrm{API}$ distillate $(\mathrm{SG}=0.85$ ) flowing in a $2 \mathrm{in}$. sch 160 pipe at $70^{\circ} \mathrm{F}$....
-
Let $\theta$ and $\phi$ be the polar coordinates. Introduce the complex numbers $z$ and $\bar{z}$, where $$\begin{equation*} z=e^{i \phi} \tan (\theta / 2) \equiv \xi+i \eta \tag{5.393}...
-
Suppose the profit \(P\) (in dollars) of a certain item is given by \(P=1.25 x-850\), where \(x\) is the number of items sold. a. Graph this profit relationship. b. Interpret the value of \(P\) when...
-
(a) Draw a simplified ray diagram showing the three principal rays for an object located outside the focal length of a diverging lens. (b) Is the image real or virtual? (c) Is it upright or inverted?...
-
A not-for-profit business ________. A. Is allowed to retain earnings for use within the organization B. Must distribute profits to shareholders C. Must turn over to the government any excess earnings...
-
The outer loop controls the number of students. Note that the inner loop of this program is always executed exactly three times, once for each day of the long weekend. Modify the code so that the...
-
Aldin Aster, president of Teldar Tech Inc., was reviewing the product profitability reports with the controller, Francie Newburn. The following conversation took place: Aldin: Ive been reviewing the...
-
Banks have a variety of products, such as savings accounts, checking accounts, certificates of deposit (CDs), and loans. Assume that you were assigned the task of determining the administrative costs...
-
Why do just-in-time manufacturers use a raw and in process inventory account, rather than separately reporting materials and work in process?
-
Indicate whether the following managerial policy increases the risk of a death spiral:Use of low operating leverage for productionGroup of answer choicesTrueFalse
-
It is typically inappropriate to include the costs of excess capacity in product prices; instead, it should be written off directly to an expense account.Group of answer choicesTrueFalse
-
Firms can avoid the death spiral by excluding excess capacity from their activity bases. Group of answer choicesTrueFalse
Study smarter with the SolutionInn App