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题目
题目

ACCTMIS 2300 SP2025 (4462) Quiz 4

数值题

Betty DeRose, Inc. operates two departments, the handling department and the packaging department. The handling department reported the following information for the month of May: % complete % complete units DM conversion work in process, May 1 20,000 25% 90% units completed during May 50,000 work in process, May 31 30,000 80% 60% The cost of beginning work in process and the costs added during May were as follows: DM Conversion work in process, May 1 $131,000 $ 79,000 costs added during May $276,000 $380,000 Calculate the conversion unit cost using the FIFO process costing method.

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标准答案
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思路分析
We need to determine the conversion cost per equivalent unit under the FIFO process costing method. First, identify the flows for conversion costs relevant to May. Beginning Work in Process (WIP) in May 1 contains 20,000 units with 90% completed in conversion, so 10% conversion remains to complete those units. Ending WIP May 31 consists of 30,000 units at 60% completion in conversion. During May, 50,000 units were sta......Login to view full explanation

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类似问题

Required information Skip to question [The following information applies to the questions displayed below.] Timing Technology, Incorporated, manufactures timing devices. During 20x1, 900,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1, there were 300,000 units in work in process. These units were 50 percent complete as to conversion and 100 percent complete as to direct material. Finished-goods inventory consisted of 200,000 units. Materials are added to production at the beginning of the manufacturing process, and overhead is applied to each product at the rate of 60 percent of direct-labor costs. There was no finished-goods inventory on January 1, 20x1. A review of the inventory cost records disclosed the following information:   Units Direct Material (Costs) Direct Labor (Costs) Work in process, January 1, 20x1 (80% complete as to conversion) 200,000 $ 200,000 $ 315,000 Units started in production 1,000,000     Direct-material costs   $ 1,300,000   Direct-labor costs     $ 1,995,000 Required: 1. Complete the following schedule as of December 31, 20x1, to compute the physical flow of units.

Idaho Lumber Company grows, harvests, and processes timber for use in construction. The following data pertain to the firm’s sawmill during November. Work in process, November 1   Direct material $ 65,000 Conversion 180,000 Costs incurred during November   Direct material $ 425,000 Conversion 690,000 The equivalent units of activity for November were as follows: 7,000 equivalent units of direct material and 1,740 equivalent units of conversion activity. Required: Calculate the cost per equivalent unit, for both direct material and conversion, during November. Use weighted-average process costing.

Idaho Lumber Company grows, harvests, and processes timber for use in construction. The following data pertain to the firm’s sawmill during November. Work in process, November 1   Direct material $ 65,000 Conversion 180,000 Costs incurred during November   Direct material $ 425,000 Conversion 690,000 The equivalent units of activity for November were as follows: 7,000 equivalent units of direct material and 1,740 equivalent units of conversion activity. Required: Calculate the cost per equivalent unit, for both direct material and conversion, during November. Use weighted-average process costing.

Rainbow Glass Company manufactures decorative glass products. The firm employs a process-costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. The company’s production schedule for October follows:   Units Work in process on October 1 (60% complete as to conversion) 1,000 Units started during October 5,000 Total units to account for 6,000 Units from beginning work in process, which were completed and transferred out during October 1,000 Units started and completed during October 3,000 Work in process on October 31 (20% complete as to conversion) 2,000 Total units accounted for 6,000 Required: Calculate each of the following amounts using weighted-average process costing. Equivalent units of direct material during October. Equivalent units of conversion activity during October.

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