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 195 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?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library