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 199 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?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library