Maurice Tutor

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About Maurice Tutor

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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: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 8.00

Bio Doc Corporation

Weighted-average method, assigning costs. Bio Doc Corporation is a biotech company based in Milpitas. It makes a cancer-treatment drug in a single processing department. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Bio Doc uses the weighted average method of process costing. The following information for July 2011 is available.

Equivalent Units
 

Physical Units

Direct Materials

Conversion Costs

Work in process, July 1

8,500

8,500

1,700

Started during July

35,000

    

Completed and transferred out during July

33,000

33,000

33,000

Work in process, July 31

10,500

10,500

6,300

 

Total Costs for July 2008

Work in process, beginning

    

Direct materials

$63,100

  

Conversion costs

45,510

$108,610

Direct materials added during July

  

284,900

Conversion costs added during July

  

485,040

Total costs to account for

  

$878,550

1. Calculate cost per equivalent unit for direct materials and conversion costs.

2. Summarize total costs to account for, and assign total costs to units completed (and transferred out) and to units in ending work in process.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 03:09 PM My Price 8.00

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