Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Work in process inventory, May 1 5,000 100 % 40 % Work in process inventory, May 31 10,000 100 % 30 % Materials cost in work in process inventory, May 1 $ 1,500 Conversion cost in work in process inventory, May 1 $ 4,000 Units started into production 180,000 Units transferred to the next production department 175,000 Materials cost added during May $ 54,000 Conversion cost added during May $ 352,000
Required:
1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for May for the first proccss.
2 .Compute the costs per equivalent unit for May for the first process.
3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in May.

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?

Max wants to open a basic checking account at his local bank. he needs to bring his and , along with a $50 deposit, to open the account.