Compute each of the following. 1. The number of equivalent units for materials for the month.
2. The number of equivalent units for conversion for the month.
3. The variable cost per equivalent unit of materials for the month.
4. The variable cost per equivalent unit for conversion for the month.
5. The total variable cost of goods transferred out.
6. The total variable cost of ending work in process inventory.
Please explain your work in detail and provide in-text citations. At least 5 references are required
among which one should be the textbook as source of the data. Include the initial situation and
the initial assumptions in your answer.
*Please refer to the Grading Criteria for Professional Assignments in the University Policies
for specific guidelines and expectations.

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.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket