Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 the following information is belong the

QUESTION 1 The following information is belong the Petra Company, the Materials are added at...

60.1K

Verified Solution

Question

Accounting

image
QUESTION 1 The following information is belong the Petra Company, the Materials are added at the beginning of the production process. The Petra company uses a Weighted Average process costing system. The following information on the physical flow of units is available for the month of November 90,000 1,020,000 960,000 150,000 Beginning Work in process (70% complete) Units started in November Units Completed in November and transferred out Ending work in process (40% complete) And, the Cost data for November show the following: Beginning Work in process Inventory Direct Material costs Conversion costs Current period costs Direct Materal costs Conversion costs $ 35,670 110,630 $ 408,330 1,521370 Required 1 Compute the equivalent units for the materials and conversion calculation assuming Petra Company uses the weighted average method. 2 Compute the cost per equivalent unit for materials and conversion costs for November

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

GTB, Inc. has a 25 percent tax rate and has $85,536,000 in assets, currently financed entirely...

Finance
Q

Write an essay on the following topic “Should companies posess the right to patent genes in...

Biology
Q

Visit the following links, associated with the television show Monsters Inside Me, and then complete the assignment...

Medical Sciences
Q

What is the relationship of tree roots with dynamics?

Civil Engineering
Q

Create a script that calculates the sine, cosine, and tangent of a vector from 0 to2?...

Mechanical Engineering
Q

This week’s discussion will allow you to combine what we learned about global marketing with the...

General Management
Q

Suppose that you have two job offers Job A has a salary of 62 400...

Basic Math
Q

A couple decides to have three children Let A define the event that the couple...

Statistics
Q

Evaluate the following integral where R is the region in quadrants 1 and 4 bounded...

Calculus
Q

(I) Required Information [The following infomation applles to the questions displayed below.] ...

Accounting
Q

Sheridan Company has accounts receivable of $94,300 at March 31, 2022. Credit terms are 2/10,6/30....

Accounting
Q

Relevant Cash Flows SSST Restaurant is considering expanding with three new locations. These expansion projects...

Finance