Question

Please help!

During June, Kimbrell Manufacturing completed and transferred out 100,000 units. In EWIP, there were 25,000 units, 80% complete. Using the weighted average method, the equivalent units are

a. 100,000 units.
b. 125,000 units.
c. 105,000 units.
d. 110,000 units.
e. 120,000 units.

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Other

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: On January 1, 2019, Lin plc issued a convertible bond with a par value of £50,000 inthe market for £...

A: Hey, since there are multiple sub parts posted, we will answer first three sub parts. If you want an...

Q: Late in the year, sofware city began carry WorldCrafter, a new word processing software program. At ...

A: a. 1. Prepare the journal entry to record the write down at December 31.

Q: Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of...

A: As you have posted multiple sub-parts and have not mentioned which are to be answered, I am providin...

Q: Hills Company’s June 30 bank statement and the June ledger account for cash are summarized here:   ...

A: Preparation of the bank reconciliation statements. We have,

Q: xample #6 The company received a bill for December’s utilities on January 5. The bill was for $235. ...

A: Matching principle: As per this principle, the business entity should report an expense on its incom...

Q: Cost Estimation; High-Low Method; MAPE Horton Manufacturing Inc. produces blinds and other window tr...

A: High low methodThis method is used by companies to divide total cost into fixed cost part and variab...

Q: How do I properly journalize a accounting cycle?

A: Note: Journalizing is one of the steps of an accounting cycle. Hence, journalizing of accounting tra...

Q: The Selling Division’s unit sales price is $34 and its unit variable cost is $15. Its capacity is 11...

A: Opportunity: This is one of the factors of fraud triangle which explains about the chances an employ...

Q: Q: Which situation is better for the debt financing of a subsidiary? A. 16% income tax, 10% withhold...

A: AssumptionsLet us understand the best situation for the parent company in Debt financing to its subs...

Q: If I were to have accounts receivable in the millions and were $ 74 million at the beginning of year...

A: Accounts receivable turnover: This is the ratio which analyzes the number of times accounts receivab...

Q: Under what situation will return on equity be higher than return on investment? a. When assets excee...

A: (a) When assets exceed liabilities:Suppose assets is $ 70,000 and liabilities is $ 50,000 and net in...

Q: I need help solving this problem. The picture attached is the information which was given. I copy an...

A: Statement of cost of goods manufactured: It is a statement which reports the detailed cost breakup o...

Q: In two or three paragraphs explain the purpose of variance analysis and its benefits and drawbacks.

A: Click to see the answer

Q: In October 2018, Ben and Jerry exchange investment realty in a § 1031 like-kind exchange. Ben bought...

A: The holding period for Ben's reality received from Jerry begin from 2007 because the holding period ...

Q: CVP Analysis; Commissions; Ethics Lionel Corporation manufactures pharmaceutical products sold throu...

A: Note: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit t...

Q: Serial Problem Business Solutions LO P1, P2 Santana Rey is considering the purchase of equipment fo...

A: Payback Period: The payback period is a capital budgeting method which determines the time period re...

Q: Walt Bach Company has accumulated the following budget data for the year 2019. Sales: 40000 units, ...

A: Cost of goods sold alludes to the immediate costs inferable from the generation of the goods sold in...

Q: Sanford and Sons produces blue moons. Resin used to make the blue moons is purchased by the pound. S...

A:  Calculate the material per unit.

Q: Hi, Need help with equation -  Also see attached  Profit=(P x Q - V x Q) - Fixed expenses  Thanks, L...

A: Cost Volume-Profit (CVP) is a management accounting tool that expresses relationship among total sal...

Q: Identifying ethical risks,   A worker feels that fellow employees are not honest.    Opportunity, pr...

A: Fraud triangle:Fraud triangle is a model that describes the factors that cause people to commit occu...

Q: Every year Blue Industries manufactures 7,300 units of part 231 for use in its production cycle. The...

A: Relevant costs: These are the costs a business computes to decide whether to continue or close a uni...

Q: Identify the following expenditures as capital expenditures or revenue expenditures. Immediately af...

A: Expenditures: The useful life of the plant assets signifies the time period, that the company estima...

Q: Purchase of investments $ 170 Dividends paid   1,120 Interest paid   320 Additional borrowing ...

A: Cash flow from financing activities:  This section of cash flows statement provides information abou...

Q: The following information is available for Sandhill Co. for three recent fiscal years.     2017 ...

A: Inventory turnover: This is the ratio which analyzes the number of times inventory is sold during th...

Q: Simko Company issued $630,000, 8-year, 6 percent bonds on January 1, 2018. The bonds were issued for...

A: Bonds are generally long-term debt. The company issue bonds for investment purpose and paid interest...

Q: Engines Done Right Co. is trying to establish the standard labor cost of a typical engine tune-up. T...

A: Direct labor variances:The difference between the actual labor cost in the production and the standa...

Q: Concord Company gathered the following data about the three products that it produces: Product   ...

A: We can solve the question as follows :

Q: Calculate profitability measures The following information was available for the year ended December...

A: Margin: Margin means the percentage of profit in the sales, it can be calculated by dividing net inc...

Q: Savallas Company is highly automated and uses computers to control manufacturing operations. The com...

A: Click to see the answer

Q: Common stock—issuance and dividend transactions Altuve Co. was incorporated on January 1, 2016, at w...

A: Dividends: This is the amount of cash distributed to stockholders by a company out its earnings, acc...

Q: classify 3 activities of accounting

A: Click to see the answer

Q: Brief Exercise 13-2Blossom Company borrowed $24,000 on November 1, 2017, by signing a $24,000, 10%, ...

A: Calculating the value of interest on the note payable at due date. We have,The value of interest = A...

Q: The Geological consulting firm Gilbert, Marsh,& Kester prepare adjusting entries on a monthly ba...

A: Calculate the accrued interest on note for the month of December.

Q: CVP Analysis; Commissions; Ethics Lionel Corporation manufactures pharmaceutical products sold throu...

A: 

Q: On January 1, Innovative Solutions, Inc., issued $160,000 in bonds at face value. The bonds have a s...

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from ...

Q: Brief Exercise 21A-6 Metlock Company leased equipment from Costner Company, beginning on December 31...

A: Prepare jounal entry to record lease liability: 

Q: Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative ...

A: 1. Cash flow from operating activities include all activities that are required in the day to day op...

Q: What is imputed interest?

A: Interest: Interest is a charge against the amount due, Interest is paid on the amount borrowed as a ...

Q: Clem and Chloe, a married couple, sell their principal residence that they have owned and occupied f...

A: Disposal of Assets: Disposal is an activity of selling the worn-out assets that is no longer in need...

Q: The purpose of the depreciation adjustment is to:   -spread the cost invested in an asset over its...

A: Depreciation: It refers to the diminution in the financial value of an asset over its useful life du...

Q: On January 1, 2019, Lin plc issued a convertible bond with a par value of £50,000 inthe market for £...

A: Given :Par value of the Bond - € 50,000Interest rate                 - 10%Issued price              ...

Q: The following expenditures relating to plant assets were made by Glenn Company during the first 2 mo...

A: Expenditures: The useful life of the plant assets signifies the time period, that the company estima...

Q: On May 1, 2017, Buffalo Inc. entered into a contract to deliver one of its specialty mowers to Kicka...

A: Revenue recognition: The revenue recognition requires every business organization to recognize the r...

Q: GW sold merchandise to Mulligans for $10,000, offering term of 1/15, n/30. mulligans paid for the me...

A: a) Prepare the journal entries in the accounting records of GW to account this sales and the subsequ...

Q: I don't understand this question either.   Flowers Inc.  has both common and preferred stock.  There...

A: When a company has non-cumulative preferential stock, it means that whenever a company distributes d...

Q: Brief Exercise 14-9On January 1, 2017, Flounder Corporation redeemed $410,000 of bonds at 97. At the...

A: Calculate the amount of cash paid to redeem the bond.

Q: The auditors of Steffey Ltd., decided to study the cash receipts and disbursements for the month of ...

A: The balances as per bank statement and as per general ledger can be reconciled by adding and subtrac...

Q: The two independent cases are listed below:    Case A   Case B     Year 2   Year 1   Year 2   Y...

A: Cash flows from operating activities:  Cash flows from operating activities refer to the cash receiv...

Q: Suppose your company sells services of $270 in exchange for $155 cash and $115 on account.  Required...

A: Operating activities: Operating activities include cash inflows and outflows from business operation...

Q: I'm having trouble solving this problem. Thanks!

A: (a) Determine the times interest earned ratio: