This topic contains a solution. Click here to go to the answer

Author Question: Use the information below to answer the following questions:At Polson Company, materials are added ... (Read 198 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

On March 31, what is the total number of physical units to account for at Polson Company?
◦ 45,000
◦ 53,000
◦ 42,000
◦ 39,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by littleanan on Jan 5, 2020

memslove

  • Sr. Member
  • ****
  • Posts: 321
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly



littleanan

  • Hero Member
  • *****
  • Posts: 575
Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

On March 31, what would be the total equivalent units for direct materials at Polson Company?
◦ 42,000
◦ 50,000
◦ 53,000
◦ 39,000




Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

At Polson Company the total cost of units remaining in ending WIP inventory is closest to
◦ $212,477.
◦ $225,301.
◦ $245,391.
◦ $63,458.




meagbuch

  • Hero Member
  • *****
  • Posts: 568
Use the information below to answer the following questions:

At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:
Number of units8,000
Transferred-in costs$88,000
Direct materials (100%)$18,500
Conversion costs (70%)$24,700
Units transferred-in:
Number of units45,000
Transferred-in costs$630,000
Units completed42,000
Costs during the period:
Direct materials$157,500
Conversion costs$230,725
Work in process, ending:
Number of units11,000
(100% complete for materials and 45% complete for conversion)

At Polson Company the total cost of units transferred to finished goods is closest to
◦ $1,149,425.
◦ $1,003,873.
◦ $936,948.
◦ $367,967.




 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

For a complete list of videos, visit our video library