Zink Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per equivalent unit for conversion cost is $3.00. The company completed and transferred out is 40,000 units. The equivalent units of ending work-in-process for materials is an additional 3,000 units, for conversion is an additional 2,000 units. What is the total cost accounting for conversion?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Zink Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A consumers goal in buying a good or service is to get the most out of his or her income, or to maximize total utility. this is known as what?
Answers (1)
Identify a true statement about responsive supply chains. a. They use only a few, large distribution centers to generate economies of scale. b.
Answers (1)
When should i use a comma to separate a description of items in a sentence
Answers (1)
Who is in Kohlberg's conventional level of moral reasoning? a. Linda, whose moral reasoning is based on the approval of other people b. Kelly, whose moral reasoning is based on looking out for her own needs c.
Answers (1)
A sales associate is preparing a seller's net statement. She estimates a closing date of June 26. Taxes are estimated at $4,360 and interest for June is $3,540. If she rounds to the nearest $100, which entries should she make on the statement?
Answers (1)
New Questions in Business
Palmer Music manufactures and sells MP3 players and sound systems that include a 180-day warranty on product defects. The company also sells 2-year extended warranties.
Answers (2)
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to.
Answers (1)
Kane Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates).
Answers (1)
Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful life is estimated at 10 years, or 300,000 units of product, with a $6,000 salvage value.
Answers (1)
Which of the following actions will likely cause a project to fail? A) dedicating valuable team member time to identify risk events B) spending project funding to procure needed tools and spare parts C) unclear or conflicting stakeholder
Answers (1)