Questions from Cost Accounting

Q: Refer to the data in Exercises 8-26 and 8-

Refer to the data in Exercises 8-26 and 8-28. Compute the cost of goods transferred out and the ending inventory using the FIFO method. In Exercises 8-26 and 8-28 The Matsui Lubricants plant uses the...

Q: Pacific Ink had beginning work-in-process inventory of $

Pacific Ink had beginning work-in-process inventory of $744,960 on October 1. Of this amount, $304,920 was the cost of direct materials and $440,040 was the cost of conversion. The 48,000 units in the...

Q: Refer to the data in Exercise 8-30. Compute the

Refer to the data in Exercise 8-30. Compute the costs of goods transferred out and the ending inventory using the weighted-average method. In Exercise 8-30 Pacific Ink had beginning work-in-process i...

Q: Refer to the data in Exercise 8-30. Compute the

Refer to the data in Exercise 8-30. Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. In Exercise 8-30 Pacific Ink had beginning work-in-proces...

Q: Refer to the data in Exercise 8-30. Compute the

Refer to the data in Exercise 8-30. Compute the cost of goods transferred out and the cost of ending inventory using the FIFO method. Is the ending inventory higher or lower under the weighted-average...

Q: Assume that El Paso Corporation provides you with the following information for

Assume that El Paso Corporation provides you with the following information for one of its department’s operations for September (no new material is added in Department B): WIP inventory—Department B...

Q: Refer to the information in Exercise 8-34.

Refer to the information in Exercise 8-34. In Exercise 8-34 Assume that El Paso Corporation provides you with the following information for one of its department’s operations for September (no new ma...

Q: Calgary Corporation produces a liquid solvent in two departments: Mixing and

Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume that Calgary Corporation provides you with the following information for Finishing operations for Novembe...

Q: Refer to the information in Exercise 8-36.

Refer to the information in Exercise 8-36. In Exercise 8-36 Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume that Calgary Corporation provides you with t...

Q: Brokia Electronics manufactures three cell phone models, which differ only in

Brokia Electronics manufactures three cell phone models, which differ only in the components included: Basic, Photo, and UrLife. Production takes place in two departments, Assembly and Special Packagi...