Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 Aug 2017 My Price 11.00

Lawncraft, Inc

Lawncraft, Inc. manufactures wooden lawn furniture using an assembly-line process. All direct materi- als are introduced at the start of the process, and conversion cost is incurred evenly throughout manu- facturing. An examination of the company's Work-in-Process Inventory account for June revealed the following selected information:

 

Debit side:

 

June 1 balance: 200 units, 25% complete as to conversion, cost $18,000* Production started: 800 units

 

Direct material used during June: $43,000 June conversion cost: $30,000

 

Credit side:

 

Production completed: 600 units

 

*Supplementary records revealed direct-material cost of $12,000 and conversion cost of $6,000.

 

 

 

Conversations with manufacturing personnel revealed that the ending work-in-process inventory was 75 percent complete as to conversion.

 

Required:

 

1.      Determine the number of units in the June 30 work-in-process inventory.

 

2.      Calculate the cost of goods completed during June and prepare the appropriate journal entry to record completed production.

 

3.      Determine the cost of the June 30 work-in-process inventory.

 

4.      Briefly explain the meaning of equivalent units. Why are equivalent units needed to properly allo- cate costs between completed production and production in process?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Aug 2017 09:08 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)