Business, 06.05.2020 04:41 eliz10

Golden Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

Work in process, beginning:
Units in process 400
Percent complete with respect to direct materials 80%
Percent complete with respect to direct
labor and factory overhead 70%

Costs in the beginning inventory:
Direct Materials cost $1,824
Direct Labor cost $5,692
Factory Overhead cost $3,784

Units started into production during the month 12,000
Units completed and transferred out 12,000

Costs added to production during the month:
Direct Materials cost $70,144
Direct Labor cost $233,626
Factory Overhead cost $211,528

Work in process, ending:
Units in process 400
Percent complete with respect to direct materials 80%
Percent complete with respect to direct labor and
factory overhead 10%

Required:
a. Determine the equivalent units of production.
b. Determine the costs per equivalent unit.
c. Determine the cost of units transferred out.
d. Determine the cost of ending work in process inventory.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:50

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th?

Answers: 1

Answer

Business, 22.06.2019 08:30

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Answers: 2

Answer

Business, 22.06.2019 13:00

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:

Answers: 1

Answer

Business, 22.06.2019 15:00

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Answers: 2

Answer

You know the right answer?

Golden Inc. uses the weighted-average method in its process costing system. The following data conce...

Questions