Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of 250,000 units of product were completed and transferred out as finished goods during the month. The ending Work in Process inventory consists of 36,000 equivalent units of direct materials and 36,000 equivalent units of conversion costs. The amount that should be reported in ending Work in Process Inventory is:
A. $1,587,500.
B. $1,816,100.
C. $135,000.
D. $93,600.
E. $228,600.
Answer: E
You might also like to view...
If Corporation J and Corporation K combine all of their assets and create a consolidated corporation; Corporation J and Corporation K will cease to exist
a. True b. False Indicate whether the statement is true or false
If managers want to maintain an effective open-door policy, they must
A. formalize the procedure and encourage employees to start at the top. B. ensure that employees come to them only with justified grievances. C. emphasize that they can offer solutions only on an advisory basis. D. encourage employees to voice their complaints and listen honestly to those concerns.
Eady Wares is a division of a major corporation. The following data are for the latest year of operations: Sales$19,600,000 Net operating income$470,400 Average operating assets$5,000,000 The company's minimum required rate of return 10%?Required:?a. What is the division's margin??b. What is the division's turnover??c. What is the division's return on investment (ROI)??d. What is the division's residual income?
What will be an ideal response?
In going multinational, the CEO is excited about the opportunity for PyraTex to create decent jobs that will promote the local economy in Vietnam
The CFO is skeptical, arguing that the best way to increase profits from a foreign production plant is to pay workers the lowest wages possible. Which of the following statements would the CEO and CFO disagree on? A) A multinational company should expect to make a profit on its foreign endeavors. B) Increased international trade enhances the interdependence of countries on each other. C) When U.S. companies do better internationally, it gives the U.S. government more leverage with other countries. D) Paying workers a living wage can boost the local economy and create more potential customers for the company's products. E) Operating multinationally can give a company the opportunity for quick growth.