Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 11 below is information from many faces,

QUESTION 11 Below is information from Many Faces, Co. for the current period: Raw materials...

60.1K

Verified Solution

Question

Accounting

image

QUESTION 11 Below is information from Many Faces, Co. for the current period: Raw materials inventory, beginning $91,400 balance Raw materials inventory, ending balance $84.800 Raw materials used during the period: $429,700 What is the amount of raw materials the firm purchased during the period? a. $436,300 b. $423,100 C. $514,500 d. 5429,700 e. $253,500 QUESTION 12 Semaphore, Ltd. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following information is available for the current period for the firm's Blending department: Equivalent units of production (EUP) with respect to Direct materials 124,400 Equivalent units of production (EUP) with respect to Conversion costs 106,800 Costs: $75,000 $55,200 Beginning WIP inventory, direct materials costs Beginning WIP inventory, conversion costs Direct materials costs incurred during the current period Conversion costs incurred during the current period $240,900 $435,600 Calculate the cost per equivalent unit of production (cost per EUP) with respect to conversion costs (round to two decimal places). a. $4.60 b. $3.95 C. $2.54 d. $6.33 e. $3.49

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

Finance
1.2K views

Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7...

Basic Math
1.2K views

Two diagonals of a rhombus are equal. Is it a square? Justify your answer.

Physics
1.2K views

A uniform magnetic field has an initial value of 0.45 T and a direction toward the...

Physics
1.2K views

Write a 6-7 on how the ‘theory’ for projectile motion of the ‘stream of water’, (i.e., many...

Biology
1.2K views

The DNA of a mouse is analyzed to reveal the presence of alleles resulting in...

Biology
1.2K views

When myoblasts in cell culture are treated with purified "proteinX", they increase in size and...

Statistics
1.2K views

9 Larger Sample More Accurate Estimate Suppose that in fact the total cholesterol level of...

Algebra
1.2K views

Find the sum of the arithmetic series 24 20 2k k 1 Calculate the a73...

Accounting
1.2K views

(a) Critique whether purchased goodwill is consistent with the criteria set...

Accounting
1.2K views

Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company reports inventory...

Accounting
1.2K views

Done Activity Take: Practice! Vacation Pay and Pension Benefits...

Accounting
1.2K views

The Technology Corporation () financial statements follow: LOADING... (Click the icon to view the consolidated...