Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450
and factory overhead was $18,710. The number of equivalent units of production for the period for materials if the average cost method is used to cost inventories was:
A) 15,650
B) 18,000
C) 17,250
D) 17,700
B
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Use the Adjusted Trial Balance for Anderson Service Company to prepare the classified balance sheet at September 30, 2016. Use the report form. You must compute the ending balance of Retained Earnings
Anderson Service Company Adjusted Trial Balance September 30, 2016 Balance Account Title Debit Credit Accounts Payable $9,000 Accounts Receivable $2,800 Accumulated Depreciation, Equipment 1,500 Cash 14,500 Common Stock 10,000 Depreciation Expense - Equipment 600 Dividends 1,500 Equipment 40,000 Notes Payable (long-term) 20,000 Office Supplies 1,500 Prepaid Rent 4,800 Rent Expense 1,200 Retained Earnings, August 31, 2016 8,100 Salaries Expense 9,000 Service Revenue 27,500 Supplies Expense 500 Unearned Revenue 1,000 Utilities Expense 700 Total $77,100 $77,100 What will be an ideal response
After signing an exclusive right-to-sell listing, an owner refuses to accept an offer that conforms exactly to the terms of the listing. In this case, specific performance can be obtained by
A. the broker. B. the offeror. C. either of these. D. neither of these.