Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need answer fast if not answered in 10 minutes don

need answer fast if not answered in 10 minutes dont answer Materials...

60.1K

Verified Solution

Question

Accounting

need answer fast if not answered in 10 minutes dont answer image
Materials Units WIP inventory, beginning 5,000 $9,320 Units started during the month 48,000 WIP inventory, ending 9,000 Costs added during the month $117,555 The beginning WIP inventory was 80% complete with respect to materials. The ending WIP inventory was 75% complete as to materials. Required: Show your work in the space allotted. 1. Calculate the equivalent units of material for the month. 2. Calculate the cost per equivalent unit for material. 3. Calculate the cost of materials only in the ending WIP inventory

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

Basic Math
1.2K views

a broadway theatre has 600 seats, divided into orchestra, main, and balcony seating. orchestra seats sell...

Basic Math
1.2K views

The director of the IRS has been flooded with complaints that people must wait more than...

Accounting
1.2K views

Current Situation Milan Fashions is ultimately looking to expand its manufacturing operations and this means selling more...

Algebra
1.2K views

1 5 points Solve for x x 9 19 x 3 6 15 5

Accounting
1.2K views

3. Judy's Kitchen plc ("JK") JK is a listed fast food chain engaged...

Accounting
1.2K views

What is the credit characteristic of the American opportunity: A. It is partially refundable B....

Accounting
1.2K views

Required information Use the following information for the Exercises below. (Algo) [The following information applies...

Accounting
1.2K views

36 Total assets, total liabilities, and total stockholders' equity do not change as a...

Accounting
1.2K views

In divisional income statements prepared for LeFevre Company, the Payron Department costs are charged back...

Accounting
1.2K views

Sunlight Manufacturing produces a single product, fluorescent lightbulbs. They reported the following information from their...

Accounting
1.2K views

Describe/explain the three different types of businesses and give examples of each. Types of businesses...

Finance
1.2K views

Using a Eurobond 360-day year and 4.75% annual coupon, coupon payment date July 1st and...