Weighted average method, equivalent units goforth company produces a product where all manufacturing inputs are applied uniformly. goforth produced the following physical flow schedule for april: units to account for: units in bwip (40% complete) 310,000 units started 520,000 total units to account for 830,000 units accounted for: units completed: from bwip 310,000 started and completed 301,600 611,600 units, ewip (55% complete) 218,400 total units accounted for 830,000 required: prepare a schedule of equivalent units using the weighted average method. goforth company schedule of equivalent units (weighted average method) units completed units in ending work in process x fraction complete: equivalent units of output check my work3 more check my work uses remaining.

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.