Maurice Tutor

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Teaching Since: May 2017
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 14 Jun 2017 My Price 11.00

Calculation of Equivalent Units

MT425 / MT 425
Managerial Finance and Accounting
Kaplan University (KU Campus)

James Jiambalvo
Managerial Accounting, 4e
Hoboken, NJ: John Wiley & Sons.

Unit 3: Unit Costs for Decision Making

Calculation of Equivalent Units [LO 2] McMillian Tire Company produces tires used on small trailers. The month of June ended with 500 tires in process, 90 percent complete as to direct materials, and 50 percent complete as to conversion costs; 2,000 tires were transferred to finished goods during the month, and 2,400 were started during the month. The beginning Work in Process inventory was 60 percent complete as to direct materials and 40 percent complete as to conversion costs.

Required
Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Jun 2017 09:06 AM My Price 11.00

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