Business, 05.05.2020 17:19, lucyamine0

Barnett Corporation uses the weighted-average method in its process costing system. The
company adds materials at the beginning of the process in Department M. Material costs
were 100% complete and conversion costs were 75% complete with respect to the 4,000
units in work in process at May 1. Material costs were 100% complete and conversion costs
were 50% complete with respect to the 6,000 units in work in process at May 31. During
May, 12,000 units were completed and transferred to the next department. An analysis of the
costs relating to work in process at May 1 and to production activity for May follows:

Materials Conversion

Work in process, May 1 $13,800 $ 3,740

Costs added during May $42,000 $26,260
a. The total equivalent units of production for materials are:

b. The total cost per equivalent unit for May was:

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:00, hrijaymadathil

Amarket is said to be equilibrium when quantity demanded is equal to quantity supplied. critically analyse the above statement by giving different types of market

Answers: 2

continue

Business, 21.06.2019 21:00, erikstein8298

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f. o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f. o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f. o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f. o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f. o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

Answers: 1

continue

Business, 21.06.2019 21:50, samchix727

You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?

Answers: 2

continue

Business, 22.06.2019 18:00, cj31150631

Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?

Answers: 2

continue

Do you know the correct answer?

Barnett Corporation uses the weighted-average method in its process costing system. The
compan...