Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at pablo company, direct materials (dm) are added

At Pablo Company, direct materials (DM) are added at the start of the process and...

80.2K

Verified Solution

Question

Accounting

At Pablo Company, direct materials (DM) are added at the start of the process and conversion costs (CC) are added evenly during the process. Company is using FIFO Method. The following is given for a cooking department for month of May:

Physical Units
Beginning Work in process inventory (CC 75% complete) 12,000
Units started during current month 74,000
Units completed and transferred out during current month: 65,000
Ending Work in process inventory (CC 80% complete) 18,000

Inspection occurs when production is 100 percent completed. Normal spoilage is 4 percent of good units that successfully pass the inspection point in current month. The following cost data are available:

Beginning Work in Process Costs: DM $216,000; CC $27,000
Costs added during current period: DM $1346,800; CC $234,880

What is the equivalent units for direct materials for May?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

9.2 1) Anyone who has been outdoors on a summer evening has probably heard crickets. Did you know...

Statistics
Q

A mass spectrometer is designed to calculate masses of atoms. A source produces positive ions of mass...

Physics
Q

Who might participate in the social media interaction on behalf of a company? What strengths could each...

General Management
Q

On November 1, 2018, Kris Lehman established an interior decorating business, Modern Designs. During the month,...

Accounting
Q

6 If ACJW and m2S F 17 5 G 11 875 AAGS mLA 50 mLJ...

Geometry
Q

A total of 120 high school students were surveyed about their winter break shopping habits....

Basic Math
Q

Use a graphing utility to graph the function Use a 5 5 1 by 24...

Algebra
Q

1. Oil spills into rivers, bays, and the ocean most...

Accounting
Q

On January 2, 2019, Kaiman Corporation acquired equipment for $300,000. The estimated life of the...

Accounting
Q

Blossom Company reported the following amounts for 2022 : Calculate the cost of materials used...

Accounting
Q

the balance in A/R on 1/1/2017 was 21. the balance kn 12/31/2017 was 35. sales...

Accounting
Q

The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers...

Accounting