Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hoc manufactures liquid detergent and uses a proce

HOC manufactures liquid detergent and uses a process costing system. The liquid detergent is processed...

80.2K

Verified Solution

Question

Accounting

HOC manufactures liquid detergent and uses a process costing system. The liquid detergent is processed in two departments: blending and packaging. Liquid detergent that is produced in the blending department is transferred to the packaging department at the start of the packaging process. Conversion costs ('CC') are added evenly throughout the packaging process. During October 2021, HOCs first month of operations, the company manufactured and sold 168,000 packets of liquid detergent. Each packet of liquid detergent contains five (5) litres.

At the end of October 2021, there were 24,000 litres of the liquid detergent remaining in work in process (WIP) of the packaging department. This WIP is 100% complete with respect to material, and 70% complete with respect to conversion costs. There was no beginning and ending WIP in the blending department for October 2021.

Required: Using FIFO process costing, compute equivalent units of production for HOC in the packaging department in October 2021.

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

Chemistry
1.2K views

Determine the ground electronic state of the BeC molecule. Explain your answer. The answer requires the molecular orbital...

Civil Engineering
1.2K views

Toronto City Council is about to make a (another?) decision on the future of the Gardiner Expressway,...

Physics
1.2K views

Develop an I/O port decoder, using a PLD, that generates 16-bit I/O strobes for the following...

Physics
1.2K views

As shown in figure two identical capacitors are connected to a battery of V volts...

Basic Math
1.2K views

A circle has a diameter of 32 m What is its circumference Use 3 14...

Statistics
1.2K views

Therefore the monthly order should be 435 Step 3 b Assume that each unit demanded...

Algebra
1.2K views

If ?=5?/2, then find exact values for the following. If the trigonometric function is undefined...

Accounting
1.2K views

Home Depot is reducing its inventory levels, developing a steadier flow of deliveries...

Accounting
1.2K views

PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service:...

Accounting
1.2K views

fill in blanks value: 12.00 points The following transactions took place for Smart...

Accounting
1.2K views

Problem 6-43 (LO. 3) Terry traveled to a neighboring state to investigate the purchase of...

Accounting
1.2K views

eBook Quickbooks Show Me How Solicitar Cita para T.. Calculator Finish page - Ameri. Connect...