Business
Business, 18.08.2019 04:20, Shubbs

Which of the following statements concerning a process cost accounting system is false? a. the units in beginning inventory plus the units transferred out during the month should equal the units in the ending inventory plus the units transferred in during the month. b. if material is used evenly throughout a process, the number of equivalent material units will equal the number of equivalent units for the conversion (processing) costs. c. actual costing may be used in a process costing system to assign indirect overhead costs to departments. d. the units in beginning inventory plus the units transferred in during the month should equal the units in the ending inventory plus the units transferred out during the month.

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Business, 18.08.2019 02:20, isaiahcannon2803
The assembly department uses a process cost accounting system and a weighted-average cost flow assumption. the department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. during july, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. the beginning work in process inventory was $93,000 on july 1, comprised of $80,000 of materials costs and $13,000 of conversion costs. other data for the month of july are as follows: beginning work in process inventory, 7/1 25,000 units (40% complete) units completed and transferred out 70,000 units ending work in process inventory, 7/31 30,000 units (30% complete) what is the total cost assigned to the 70,000 units that were transferred out of the process in july?
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Business, 16.10.2019 19:00, s237200
Date activities units acquired at cost units sold at retail jan. 1 beginning inventory 140 units @ $ 6.00 = $ 840 jan. 10 sales 100 units @ $ 15 jan. 20 purchase 60 units @ $ 5.00 = 300 jan. 25 sales 80 units @ $ 15 jan. 30 purchase 180 units @ $ 4.50 = 810 totals 380 units $ 1,950 180 units exercise 5-5a periodic: inventory costing lo p3 required: the company uses a periodic inventory system. for specific identification, ending inventory consists of 200 units, where 180 are from the january 30 purchase, 5 are from the january 20 purchase, and 15 are from beginning inventory. determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) fifo, and (d) lifo.
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Mathematics, 25.11.2019 18:31, Lockdown
A. first-in, first-out (fifo)b. last-in, first-out (lifo)c. average cost$ 193$111$ 177$275$2662: 127. ex.07-166beginning inventory. purchases, and sales data for hammers are as follows: mar. 311inventory 12 unitspurchase 13 units @mar. 3 inventory 12 units at $1511 purchase 13 units at $17.14 sale 18 units21 purchase 9 units at $2025 sale 10 unitsassuming the business maintains a perpetual inventory system, complete the subsidiary inventocalculate the cost of merchandise sold and ending ihventory under the following assumptions: (a) first-in, first-out(b) last-in, first-out
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