Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Exercise 4-8_ Grand River Company_ weighted - average method

 

Grand River Company produces a high quality insulation material that passes through two production process. Data for November for the first process follows:

                                                                                Units                     Completion with respect to

                                                                                                                Material                               Conversion

Work in process inventory, Nov. 1            80,000                   50%                                        25%

Work in process inventory, Nov. 30         60,000                   45%                                        20%

Material cost in Work in process inventory, Nov. 1                            $76,600

Conversion cost                in Work in process inventory, Nov. 1                       $34,900

Units started into production                                                                     300,000

Units transferred to the next process                                                     320,000

Materials cost added during Nov.                                                             $410,000

Conversion cost added during Nov.                                                         $234,500

Required:

1.       Assume that the company uses the weighted - average method of accounting for units and costs. Determine the equivalent units for November for the first process.

2.       Compute the costs per equivalent unit for November for the first process.

 

3.       Determine the total costs of ending work in process inventory and the total costs of units transferred to the next process in November.

testimonials icon
1.44.                           $-----         =           -----------Ft.                ...
testimonials icon
ources of RevenueTenet Healthcare and HCA Holdings Inc. are major competitors in the healthcare industry. Visit the Web sites below to revie...
testimonials icon
On January 1, 2013 the Batista Company budget committee has reached agreement on the following data for the 6 mont...
testimonials icon
I will attach the Requirements. plz follow them. I need an A. free plagiarism...
testimonials icon
 Review the file "Appendix ADesign a distributed database for DreamHome and ...
testimonials icon
topic: Comparing men and women  thesis ... here i argue that men and women are very different biological, psychologically, and soci...
testimonials icon
 * ON THE FIRST PAGE,PLEASE INCLUDE THE ARTICLE CITATION IN APA FORMAT.*On the first page please also copy and paste the abstract of...
testimonials icon
Running head: GLOBAL MARKETING1Global MarketingInstitutional AffiliationStudents nameCourseDateGLOBAL MARKETTING2Global MarketingArticles on outsourc...
testimonials icon
Order Grade A+ Academic Papers Instantly!...
testimonials icon
Complete each section of the Research Design Worksheet ( attached ) based on the research gap you identified. You will use this worksheet to inform...
testimonials icon
CASE STUDY REPORTCase Study Report: Length: 2000 W...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65