B) The following data is available from the records of ABC Company Ltd for a product relating to process z.
1. Opening WIP 4,000 units
Degree of completion:
Materials (100%)
Tshs 24,000,000
Labour (60%)
shs 14,400,000
Overheads (60%
Tshs 7,200,000
2. Received during the month of January 2015 from process 1-4,000 units of tshs
171,000,000.
3. Expenses incurred in process 2 during the month; materials tshs 79,000,000,
labour tshs 138,230,000, overheads tshs 69,120,000.
4. Closing WIP 3,000 units
Degree of completion: materials 100%, labour and overheads 50%
5. Units scrapped 4,000 units
Degree of completion: materials 100%, labour and overheads 80%
6. Normal loss: 5% of current input
7. Spoiled goods realized tshs 1,500 each on sale
8. Completed units are transferred to finished goods.
Required: Prepare
i) Equivalent units statement
volontinit and totalt

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

Tubby toys estimates that its new line of rubber ducks will generate sales of $7.60 million, operating costs of $4.60 million, and a depreciation expense of $1.60 million. if the tax rate is 35%, what is the firm’s operating cash flow? (enter your answer in millions rounded to 2 decimal places.)

In the current period, forward co. started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units in process that are 42% complete. if forward co. incurred production costs of $34,980, what was forward's cost per equivalent unit for the period? (note: round your answer to two decimal places.)