Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help me with these 2 questions below. pleas

Please help me with these 2 questions below. Please round per unit calculations to the...

80.2K

Verified Solution

Question

Accounting

Please help me with these 2 questions below. Please round per unit calculations to the nearest $0.01 and round balances and transfer amounts to the nearest $1.00. Thank you.
image
image
Dextrose Special Teas uses process costing to account for costs in the manufacture of its freshbrewed iced tea that it sells in pint bottles. The following information applies to operations for the month of November. The beginning inventory was 80% complete as to materials and 60% complete as to conversion costs. The ending inventory was 100% complete as to materials and 30% complete as to conversion costs. Round per unit calculations to the nearest $0.001 and round balances and transferred amounts to the nearest $1.00. Assume that $384k of materials and $666k of conversion costs are added during the period. Determine the weighted average cost of materials per equivalent unit. Round to the nearest $0.001 Question 5 Assume that $384k of materials and $666k of conversion costs are added during the period. Determine the weighted average cost of conversion per equivalent unit. Round to the nearest $0.001

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A British bank issues a $130 million, three-year Eurodollar CD at a fixed annual rate of...

Finance
Q

Amniotic Fluid Stem Cells (AFCS) though classified as adult stem cells have a remarkable ability to...

Biology
Q

You have been employed to establish a computerised accounting system in a small organisation. The organisation...

Accounting
Q

The general solution of the differential equationxy' = y + ?x + y for x...

Calculus
Q

A radioactive substance decays so that after t years, the amount remaining, expressed as a...

Calculus
Q

MARR =12%. This asset is similar across some other asset replacement questions: An...

Accounting
Q

week 8 section 1 A partnership has the following account balances: Cash, $78,000; Other Assets,...

Accounting
Q

Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead....

Accounting
Q

Boo, Inc. (a C corporation) has $20,000 in long-term capital gains, $40,000 in short-term capital...

Accounting
Q

Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in...

Accounting
Q

1. The DEF partnership has the following balance sheets: D sold his interest to G...

Accounting
Q

Explain your sense of the importance of understanding corporate finance topics and concepts, assuming that...

Finance