6.4.1.PNG - Explanation a 8 b Work—in—process Torlal...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Explanation: a. 8: b. Work—in—process, Torlal Sold January 31 Production: Gallons EIDDDDD SUBBED 1 [1D,[lfli] Percentage complete mots 811% Equivalent gallons BBDDDDEI Bflflflflfl Bflflflfl Costs: Materials $ 554,001} Labor 145,201} Manufacturing overhead 29:1,flfli] Total cost incurred $1 .0032011 Cost per equivalent gallon $ 1.14D Cost assigned to product $1.0032Dfl $912,0Di}: $ 91,2flfld [— a ssopoo equivalent units = sonooo gallons completed + 30% x 1on,ooo gallons in process. b $1.14 = $1,flfl3,2flfl + SBflflflfl equivalent units. C $912flflfl = Emlflfli] equivalent units x $1.14. '3' $91,310 = Sflflflfl equivalent units at $1.14. ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern