Business, 11.05.2021 02:40 leta18

Matrix Inc. calculates cost for an equivalent unit of production using weighted average method . Data for July: Work in process inventory, July 1 (36,000 units) Direct materials (100 % completed)$122,400 Conversion (50 % completed) 76,800 Balance in work in process inventory, July 1$199,200 Units started during July 90,000 Units completed and transferred 102,000 Work in process inventory, July 31 24,000 Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials$180,000 Conversion costs 288,000 The cost of goods completed and transferred out under the weighted-average method is calculated to be: A. $96,000 B. $476,400 C. $571,200 D. $484,000

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Answer from: rivermadds1514

Matrix Inc.

The cost of goods completed and transferred out under the weighted-average method is calculated to be:

C. $571,200

Explanation:

a) Data and Calculations:

Data for July:

Work in process inventory, July 1 (36,000 units)

Direct materials (100 % completed) $122,400

Conversion (50 % completed) 76,800

Balance in work in process inventory, July 1 $199,200

Units started during July 90,000

Units completed and transferred 102,000

Work in process inventory, July 31 24,000

Direct materials (100% completed)

Conversion (50% completed)

Cost incurred during July:

Direct materials$180,000

Conversion costs 288,000

Physical flow:

Work in process inventory, July 1 (36,000 units)

Units started during July 90,000

Units completed and transferred 102,000

Work in process inventory, July 31 24,000

Units Direct materials Conversion

Equivalent units of production:

Units completed and transferred 102,000 102,000 102,000

Ending work in process 24,000 24,000 (100%) 12,000 (50%)

Total equivalent units 126,000 114,000

Cost of production:

Direct materials Conversion Total

Beginning work in process $122,400 $76,800 $199,200

Costs incurred during July 180,000 288,000 468,000

Total production costs $302,400 $364,800 $667,200

Cost per equivalent unit:

Direct materials Conversion

Total production costs $302,400 $364,800

Total equivalent units 126,000 114,000

Cost per equivalent unit $2.40 $3.20

Cost assigned to: Direct materials Conversion Total

Completed and transferred out $244,800 $326,400 $571,200

Ending work in process 57,600 38,400 96,000

Total costs assigned $302,400 $364,800 $667,200

Answer from: Quest

sorry idk it

explanation:

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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Matrix Inc. calculates cost for an equivalent unit of production using weighted average method . Dat...

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