Equivalent units of production direct materials conversion units transferred out 32,000 eup 32,000 eup units of ending work in process 2,500 eup 1,500 eup equivalent units of production 34,500 eup 33,500 eup costs per eup direct materials conversion costs of beginning work in process $ 18,550 $ 2,280 costs incurred this period 357,500 188,670 total costs $ 376,050 $ 190,950 units in beginning work in process (all completed during july) 2,000 units started this period 32,500 units completed and transferred out 32,000 units in ending work in process 2,500prepare its process cost summary using the fifo method. (round “cost per eup to 2 decimal places.)

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.