11) Managerial Financial Accounting Assignments AE3-9 Solution

11) Managerial Financial Accounting Assignments AE3-9 Solution

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
AE3-9
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Incorrect. Calculation of Equivalent Units [LO 2] McMillian Tire Company produces tires used on small trailers. The month of June ended with 600 tires in process, 90 percent complete as to direct materials, and 50 percent complete as to conversion costs; 3,400 tires were transferred to finished goods during the month, and 2,600 were started during the month. The beginning Work in Process inventory was 60 percent complete as to direct materials and 40 percent complete as to conversion costs.
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs. Material $ 2,000 Labor $[no answer] Click here if you would like to Show Work for this question AE3-9 Material Units completed Equivalent units in ending work in process (600 0.90) Total Labor Units completed Equivalent units in ending work in process (600 0.50) Total...
View Full Document

Page1 / 3

11) Managerial Financial Accounting Assignments AE3-9 Solution

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online