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ValentinkaMS [17]
2 years ago
3

Cranford Company completed and transferred out 3,400 units in May 2020. There were 250 units in the Work-in-Process Inventory on

May 31, 2020, 40% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $17,850 and $13,140, respectively. There was no beginning inventory on May 1, 2020. What is the cost of the work transferred-out during May, assuming that Cranford uses weighted-average process costing
Business
1 answer:
Evgen [1.6K]2 years ago
5 0

Answer:

$29,580

Explanation:

we must first determine equivalent units:

EUP for materials = 3,400 + 250 = 3,650 EUP

EUP for conversion costs = 3,400 + (250 x 40%) = 3,500 EUP

conversion cost per EUP = $17,850 / 3,500 EUP = $5.10

materials per EUP = $13,140 / 3,650 EUP = $3.60

total costs per EUP = $8.70

total units transferred out = 3,400

total cost of units transferred out = 3,400 x $8.70 = $29,580

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A farmer sells $25,000 worth of apples to individuals who take them home to eat, $50,000 worth of apples to a company that uses
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Answer:

<u>$25,000 </u>

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Now, to get the amount of farmer's sale of that which will be included as apples in GDP.

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Many firms include on their employment applications a box that job seekers are asked to check if they have ever been convicted o
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Answer:

These two statements are correct:

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The table below shows a summary of Kaitlin's credit card statement for the month of February.
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