Mohawk Machining, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records: Total equivalent units of materials: 8,000 Total equivalent units of conversion: 7,400 Units started and completed during the period: 6,500 On the basis of this information, the ending work-in-process inventory's stage of completion is:_____.
A- 80%.
B- 70%.
C- 60%. - 40%.
D- some other percentage not listed above.

Answers

Answer 1

Answer:

C. 60%

Explanation:

Equivalent unit of Materials = 8,000.00      

Equivalent unit of Conversion = 7,400.00      

Units started and completed = 6,500.00

Since Materials are entered in the beginning it means that out of 8000 Units of Materials 6500 units are in Units started and completed and remaining 1500 Units are in Closing inventory. It also means that 1500 units are in Closing Inventory of Conversion and Equivalent production of conversion part of 1500 Units are 900 Units (7400-6500).

Let % Completion be x      

X% of 1500 = 900      

X = 900*100/1500      

X = 60%.


Related Questions

On January 1, 2012, Sunland Company purchased for $690000, equipment having a useful life of ten years and an estimated salvage value of $40200. Sunland has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2020, the equipment was sold for $160000. As a result of this sale, Sunland should recognize a gain of

Answers

Answer:

$54,820

Explanation:

The computation of the gain is shown below;

But before that following calculations must be done

Annual depreciation as per the straight-line method

= ($690,000 - $40,200) ÷ (10 years)

= $64,980

Now accumulated depreciation for 9 years is

= $64,980 × 9 years

= $584,820

Now the book value is

= $690,000 - $584,820

= $105,180

Now the gain is

= Sale value - book value

= $160,000 - $105,180

= $54,820

Other Questions
Two pencils and one pen cost $0.80, and one pencil and two pens cost $1.15. How many cents would three pencils cost giving brainlist help due by 11pm On a coordinate plane, the coordinates of vertices R and T for a polygon are R(7, 3) and T(3, 3). What is the length of Side RT of the polygon? 4 units 6 units 10 units 16 units Which sentence has an inappropriate shift in person?The kids are going to the library, where you can use the new 3D printer.When people visit a foreign country, they should try to speak the language.My dad likes going to buffets, where he can eat a lot of food.He enjoys reading books that make him imagine new worlds. How could a loyalist respond to the Patriots' arguments against British taxation? How can the taxes Britain collects HELP the colonists? What is 83% as a decimal SHOW WORK IF U CAN HELP ASAP!! Analyze the map below and answer the question that follows.A satellite map of the Middle East. A country next to Iran and Turkmenistan is highlighted. A black star marks the capital Kabul.Image courtesy of NASA and the CIA World FactbookThe map above shows the countries of the Middle East. The country of Afghanistan is highlighted; what is its capital?A.BaghdadB.IstanbulC.KabulD.RiyadhPlease select the best answer from the choices providedABCD Which of the following statements is true?OA. Chemical reactions can either absorb thermal energy or release thermal energy.Chemical reactions can only absorb thermal energy.OC.Chemical reactions can neither absorb thermal energy nor release thermal energy.OD.Chemical reactions can only release thermal energy. On January 1, 2012, Sunland Company purchased for $690000, equipment having a useful life of ten years and an estimated salvage value of $40200. Sunland has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2020, the equipment was sold for $160000. As a result of this sale, Sunland should recognize a gain of Expanding an EmpireWarm-UpWhy might a country want to increase its power or expand its territory? Check all that apply.to bolster its defensesto restrict its military expensesto limit trade with other nationsto acquire new territory and resourcesto gain access to new economic marketsto spread its values to other parts of the world A flying squirrel's nest is 6 meters high in a tree. From its nest, the flying squirrel glides 8 meters to reach an acorn that is on the ground. How far is the acorn from the base of the tree? If necessary, round to the nearest tenth. Corey need a 24 boards that are 47 1/2 inches long A. How many feet a boards should he buy? Explains.B. if you can only buy 8-fot boards, how many should he buy? explain *VIOLINIST* URGENT HELPFill in bubbles with note names (letters)YOU MUST INCLUDE FLATS AND SHARP SIGNS During the early 1900s, Spokane emerged as a leader inshipping and trade.arts and culture.agriculture and industry.fishing and mining. How would you describe yourself in relation to geography? Why did the United States interfere in Iran in the 1950s? What was the result of their interference? science question i dont know v.2 How did President Roosevelt and President Hooverdiffer in their approaches to dealing with the GreatDepression?In two to three sentences, compare how they thoughtthe economy could be fixed during this time. MMA-A Unit 3 packet answer key? Lmk Max walks 10 meters in 4 seconds what is his walking rate in meters per second