Business, 31.07.2019 01:20 idjfjcjs584
Richards corporation uses the weighted-average method of process costing. the following information is available for october in its fabricating department: units: beginning inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. units started and completed: 250,000. units completed and transferred out: 330,000. ending inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. costs: costs in beginning work in process - direct materials: $37,200. costs in beginning work in process - conversion: $79,700. costs incurred in october - direct materials: $646,800. costs incurred in october - conversion: $919,300. calculate the equivalent units of materials.
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Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
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Richards corporation uses the weighted-average method of process costing. the following information...
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