Business, 22.02.2021 20:00 sadiesnider9

Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July:
Work-in-process inventory, July 1 (38,000 units): $122,200
Direct materials (91% completed) 77,700
Conversion (52% completed) $199,900
Balance in work in process inventory, July 1 Units started during July 89,000
Units completed and transferred 101,300
Work-in-process inventory, July 31: 25,700
Direct materials (91% completed)
Conversion (52% completed)
Cost incurred during July:
Direct materials $171,500
Conversion costs 269,000
The cost of goods completed and transferred out under the weighted average method is calculated to be: (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.)
a) $94,604.
b) $591,980.
c) $544,994.
d) $557,750.
e) $558,690.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:50

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Answers: 2

Answer

Business, 22.06.2019 01:00

How does the economy of cuba differ from the economy of north korea? in north korea, the government’s control of the economy has begun to loosen. in cuba, the government maintains a tight hold over the economy. in cuba, the government’s control of the economy has begun to loosen. in north korea, the government maintains a tight hold over the economy. in north korea, there is economic uncertainty in exchange for individual choice. in cuba, there is economic security in exchange for government control. in cuba, there is economic uncertainty in exchange for individual choice. in north korea, there is economic security in exchange for government control.\

Answers: 2

Answer

Business, 22.06.2019 04:30

Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?

Answers: 3

Answer

Business, 22.06.2019 07:20

Go follow my instagram atx_humberto

Answers: 2

Answer

You know the right answer?

Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method....

Questions