The miracle company had 20,000 units in process on december 31, 2020 which was 80% complete as to materials but only 40% complete as to conversion costs. the company's records show 40,000 units were transferred to the finished goods inventory during january 2021. on january 31, 2021, 15,000 units were on hand which were 30% complete as to conversion costs and 60% complete as to materials. what are the equivalent units of production (eups) for the conversion costs in january, assuming miracle uses first-in, first-out (fifo)

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: