Weston Company uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 50 percent complete with respect to conversion costs. The conversion costs in the beginning work in process inventory were $52,200 . An additional 55,000 units were started into
production during the month. There were 16,000 units in the ending work in process inventory of the Welding Department that were 20 percent complete with respect to conversion costs. A total of $284,160 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month on the department's process cost report? (Round to three decimal places.)
a. $5.550
b. $4.608
c. $5.800
d. $5.167
A
You might also like to view...
A corporation is owned 70% by Jones and 30% by Smith. Jones owns 70 shares with a cost of $100 each. Smith owns 30 shares with a cost of $100 per share. The company redeems 20 shares from Jones at a redemption price of $400 per share. No stock is redeemed from Smith. This is not a redemption to pay death taxes, and it is not a partial liquidation. What is the tax impact on Jones?
A. dividend income of $6,000 B. capital gain of $8,000 C. dividend income of $8,000 D. capital gain of $6,000
To keep code efficient and minimize statement processing, any statements that are dynamic in nature should be placed outside a loop.
Answer the following statement true (T) or false (F)
Rudy, a food truck owner, has sizable followers on his website where he personally interacts with them and thanks them for their support. He also lets his followers know his location and the menu for a day in advance. The opportunity of _____ is highlighted in the given scenario.
A. having lower overhead costs B. providing personal customer service C. exploiting market niches D. using technology
When evaluating opportunities, quantitative screening criteria help a manager decide what kind of opportunities to pursue.
Answer the following statement true (T) or false (F)