Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process ? Percent complete with respect to materials 75%Percent complete with respect to conversion 50%Costs in the beginning inventory: Materials cost$2,300 Conversion cost$3,600 Units started into production during the month 25,200 Units completed and transferred out during the month 24,000 Costs added to production during the month: Materials cost$98,750 Conversion cost$220,500 Work in process, ending: Units in process 2,000 Percent complete with respect to materials 80%Percent complete with respect to conversion 45%?? What was the
cost per equivalent unit for materials during the month?
A. $4.50
B. $3.95
C. $5.00
D. $2.00
Answer: B
You might also like to view...
In the feedback step of the career management process, the employee is primarily responsible for
A. identifying the company's resources needed to reach goals. B. identifying what skills he or she could realistically develop in light of the opportunities available. C. identifying his or her strengths, weaknesses, interests, and values. D. identifying resources he or she needs, including courses, work experiences, and relationships. E. ensuring that his or her goal is specific, challenging, and attainable.
______ entrepreneurs start new businesses with the goal of changing the world while making a profit.
a. Activist b. Ethical c. Social d. Compassionate
Ali took a seat at a booth at Midway Diner. Between the salt and pepper shakers, Ali noticed something glittering. It was a diamond ring. The ring is
a. abandoned property. b. an accession. c. mislaid property. d. treasure trove.
The following details are provided by Doppler Company
Initial investment $2,020,000 Discount rate 12% Yearly cash flows 1 $210,000 2 $414,000 3 $414,000 4 $414,000 5 $210,000 Present Value of $1: 10% 11% 12% 13% 1 0.909 0.901 0.893 0.885 2 0.826 0.812 0.797 0.783 3 0.751 0.731 0.712 0.693 4 0.683 0.659 0.636 0.613 5 0.621 0.593 0.567 0.543 Calculate the NPV of the project. A) $(959,500 ) B) $(825,370 ) C) $1,015,050 D) $252,500