Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. of direct meterials and 5565760 was the cost o poc

of direct meterials and 5565760 was the cost o Pocific Ink had beginning work-in-process inventory...

90.2K

Verified Solution

Question

Accounting

image
image
of direct meterials and 5565760 was the cost o Pocific Ink had beginning work-in-process inventory of $1152,960 on October 1. Of this amount. $487200 wes the cost conversion The 68.000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs During October, 142.000 units were transferred out and 50.000 remained in ending inventory The units in ending inventory were 80 percent complete with respect to direct materials ond 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3.716,800 for direct materials and $4.587840 for conversion Required information 100 points Required: (1) Compute the equivalent units for the material's and conversion cost calculations Equivalent units for materia's Equivalent units for conversion costs (2) Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method (Round your answers to 2 decimal places.) Direct materials Conversion costs

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

Skymax has an inventory turnover rate of 11.8, an accounts payable period of 32 days, and...

Finance
Q

The cylinder in the figure(Figure 1) has a moveable piston attached to a spring. The cylinder's...

Physics
Q

An alloy of magnesium and lead is 50% lead by weight. A) convert this alloy to...

Mechanical Engineering
Q

a 330 K c 990 K d 1550 6 Three rods of copper brass and...

Physics
Q

Use Pythagorean s theorem to find the value of x in each triangle Answer in...

Geometry
Q

A bucket has a mass of 10 kg when filled with sand You need lift...

Calculus
Q

Describe this set by listing the elements B t 3 t 11 and t is...

Calculus
Q

Find the quotient and remainder using long division x 4x 32 X X 4 ran...

Algebra
Q

Problem 18-42 (LO. 6) Three years ago at a cost of $40,000, Paul Sanders acquired...

Accounting
Q

customer called for service. Below is part of the classification tree they derived from the...

Accounting
Q

kalnt maddesinin amac, aadakiler iin bir mekanizma salamaktr:

Accounting
Q

QUESTION 6: (10 marks) A) Cornell Enterprises is considering a project that has the following...

Finance