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FIFO Method, Valuation of Goods Transferred Out and Ending Work in Process
K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared:
Direct Materials Conversion Costs
Units started and completed 28,000 28,000
Units, beginning work in process:
10,000 × 0% — —
10,000 × 40% — 4,000
Units, ending work in process:
6,000 × 100% 6,000 —
6,000 × 75% — 4,500
Equivalent units of output 34,000 36,500
The cost per equivalent unit for the period was as follows:
Direct materials $2.00
Conversion costs 6.00
Total $8.00
The cost of beginning work in process was direct materials, $40,000; conversion costs, $30,000.
Answers
Therefore , the solution of the given problem of unitary comes out to be price of terminating the work-in-progress inventory is $12,000 + $27,000 = $39,000.
An unitary method is what?
Applying what was learned, using this variable approach, and combining all relevant data from two individuals who used a particular tactic will enable completion of the task. The entity indicated in the formula will either also be recognized, or both crucial processes integers will honestly disregard the colour, if the preferred assertion outcome materialises. A refundable fee of Rupees ($1.21) may be necessary for fifty pencils.
Here,
The cost of goods transferred out of Crushing would be determined using the FIFO method in the manner shown below:
Units started and completed plus equivalent units in the ending work-in-process inventory equal equivalent units of output completed.
=> Completed equivalent units = 28,000 + 6,000 100%
34,000 completed units of output are equivalent.
Cost of goods shipped out equals Cost per equivalent unit minus the number of completed equivalent units of output.
=> ($2.00 + $6.00) * 34,000 equals the cost of the goods transferred out.
Transfer of Goods Cost:
=> $8.00 x 34,000
$272,000 is the cost of transferring the products.
We must multiply the equivalent units in the ending work in process inventory by the cost per equivalent unit in order to determine
the expense of ending work in process inventory:
=>Direct materials: 6,000 units x 100% of 6,000
Direct material costs for ending work-in-progress inventory are $2.00 multiplied by 6,000 to equal $12,000
=> Costs of conversion: 6,000 x 75% = 4,500 units.
Cost of conversion costs in ending work in progress inventory = $6.00 divided by 4,500 equals $27,000.
The price of terminating the work-in-progress inventory is therefore $12,000 + $27,000 = $39,000.
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The number of apples are 2 and number of bananas is 10.
What is Equation?
Two or more expressions with an Equal sign is called as Equation.
Given that Hattie is making fruit baskets, which includes apples and bananas, to send to some of her real estate clients.
She wants each basket to have 12 pieces of fruit, but the fruit should weigh no more than 80 ounces total.
On average, each apple weighs 5 ounces, and each banana weighs 7 ounces.
Let Bananas is denoted by B and Apples are represented by A.
A+B=12...(1)
5A+7B<80...(2)
A=12-B
Substitute in equation 2.
5(12-B)+7B=80
60-5B+7B=80
60+2B=80
Subtract 60 on both sides.
2B=80-60
2B=20
Divide both sides by 2.
B=10
A+B=12
A+10=12
A=2
Hence, the number of apples are 2 and number of bananas is 10.
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Answer:
Step-by-step explanation:
The answer is 10 bananas and 2 apples
Answers
Answer:
Step-by-step explanation:
hello :
the system is : y= 3x+4....(*)
y+6=3x....(**)
by (**) : y = 3x - 6
so : y= 3x+4
y= 3x - 6
means : 3x+4 = 3x - 6
4= -6.......(false)
conclusion : no reals solutions
Answers
The figures that are scaled copies of the original figure A include the following: B. 2 and 4.
What is dilation?
A dilation is a type of transformation that is used for altering the dimensions of a geometric figure, but not its shape.
In Mathematics, the following rules are applied to interpret and understand the dilation of a geometric figure:
- A geometric figure is enlarged when the scale factor is greater than 1.
- A geometric figure remains the same when the scale factor is equal to 1.
- A geometric figure is reduced when the scale factor is less than 1.
In this context, we can logically deduce that the scaled copies of the original figure A are figure 2 and figure 4 because dilation preserves angle measures and the direction that the shape faces.
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Complete Question:
Here is a figure that looks like the letter A, along with several other figures. Which figures are scaled copies of the original A?
2 and 3
2 and 4
1 and 4
1 and 3
Answer:
i think 2 and 4
Step-by-step explanation:
OA) 62.8 in?
B) 15.7 in?
C) 78.5 in2
125.7 in2
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Answer:
- The lateral surface can be thought of as the crossectional area of the surface integral over dA such that
Answer: 62.8
Step-by-step explanation: took the test, hope this helps (;
Answers
Answer:
55
Step-by-step explanation:
Here 5 is squared and 55 is not.
Hence, the answer is 55