This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Use the information below to answer the following questions:At Polson Company, materials are added ... (Read 200 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jan 5, 2020
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
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


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
Reply #1 on: Jan 5, 2020
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
Reply #2 on: Jan 5, 2020
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


amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #3 on: Jan 5, 2020
53,000


Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
Reply #4 on: Jan 5, 2020
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.


jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Reply #5 on: Jan 5, 2020
$212,477.


meagbuch

  • Hero Member
  • *****
  • Posts: 568
Reply #6 on: Jan 5, 2020
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.


guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #7 on: Jan 5, 2020
$936,948.


« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

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.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Chart to answer QN Chart to answer QN
Using alert labels enables the medical staff to quickly identify important information such as ... Using alert labels enables the medical staff to quickly identify important information such as ...
Organizing Drug Information by Pharmacologic Classification Organizing Drug Information by Pharmacologic Classification
Just a math answer Just a math answer
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ... a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ...
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library