Business, 05.05.2020 17:19 lucyamine0
Barnett Corporation uses the weighted-average method in its process costing system. The
company adds materials at the beginning of the process in Department M. Material costs
were 100% complete and conversion costs were 75% complete with respect to the 4,000
units in work in process at May 1. Material costs were 100% complete and conversion costs
were 50% complete with respect to the 6,000 units in work in process at May 31. During
May, 12,000 units were completed and transferred to the next department. An analysis of the
costs relating to work in process at May 1 and to production activity for May follows:
Materials Conversion
Work in process, May 1 $13,800 $ 3,740
Costs added during May $42,000 $26,260
a. The total equivalent units of production for materials are:
b. The total cost per equivalent unit for May was:
Answers: 1
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Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
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In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)
Answers: 3
Barnett Corporation uses the weighted-average method in its process costing system. The
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