Business, 29.07.2020 22:01 bosa1423ov5zrr

The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,000 pounds, 20% completed $2,800*
*Direct materials (1,000 X $3.4) $3,400
Conversion (1,000 X 50% X $1.4) $700

$4,100

Coffee beans added during August, 31,000 pounds 103,850
Conversion costs during August 46,050
Work in process, August 31, 1,600 pounds, 50% completed ?
Goods finished during August, 30,400 pounds ?

All direct materials are placed in process at the beginning of production.

Required:
Prepare a cost of production report, presenting the following computations:

a. Direct materials and conversion equivalent units of production for August.
b. Direct materials and conversion costs per equivalent unit for August.
c. Cost of goods finished during August.
d. Cost of work in process at August 31.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 13:40

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?

Answers: 2

Answer

Business, 22.06.2019 18:00

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?

Answers: 1

Answer

Business, 22.06.2019 21:00

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?

Answers: 2

Answer

Business, 22.06.2019 21:20

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.

Answers: 3

Answer

You know the right answer?

The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, togeth...

Questions