Business, 25.12.2020 20:50 firepie

Given the following production data, calculate the equivalent units of production. (Answers must be entered as numbers only without spaces, dollar signs, commas, decimals, etc. Example: 50000) Production Flow Percent Complete Units Materials Conversion Work in process, beginning inventory 200 55% 30% Units started this period 5,000 Total units: 5,200 Completed and transferred units this period 4,800 100% Work in process, ending inventory 400 40%

Answers: 3

Show answers

Answers

Answer from: ianim207

Weighted Average Equivalent Units Materials 4960 Conversion 5200

Fifo Equivalent Units Materials 4850 Conversion 5140

Explanation:

Normally weighted average method is used when not specified.

Production Flow Percent Complete

Units Materials Conversion

WIP beginning inventory 200 55% 30%

Units started this period 5,000

Total units: 5,200

Completed and transferred 4,800 100%

Work IP, ending inventory 400 40%

Using Weighted Average method for Equivalent Units we add the completed units with the ending inventory

Particulars Units Materials Conversion

Completed 4800 4800 4800

+ WIP Ending 400 160 400

Equivalent Units 4960 5200

Materials EWIP = 400*40%= 160

Conversion EWIP= 400*100 %=400

If we use FIFO method then we deduct the beginning inventory from the weighted average method equivalent unit production

Particulars Units Materials Conversion

Completed 4800 4800 4800

+WIP Ending 400 160 400

- BWIP 200 110 60

Equivalent Units 4850 5140

Materials BWIP = 200*55%= 110

Conversion EWIP= 200*30%= 60

Answer from: Quest

answer: kevoto

explanation: be healthy

Answer from: Quest

ell really, the setting was in franklin and lincoln visits franklin even after he moved to columbus, and he went to school

Another question on Business

Business, 22.06.2019 16:30

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?

Answers: 3

Answer

Business, 22.06.2019 18:10

Why would an investor invest in your stocks

Answers: 1

Answer

Business, 22.06.2019 23:50

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.

Answers: 1

Answer

Business, 23.06.2019 02:20

Which one of the following is not a typical current liability? a. interest payable b. current maturities of long-term debt c. salaries payable d. mortgages payable

Answers: 3

Answer

You know the right answer?

Given the following production data, calculate the equivalent units of production. (Answers must be...

Questions