Pix Company has the following production data for March: no beginning work in process, units started and completed 25,500, and ending work in process 4,400 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $12, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total costs to be assigned are $476,620.

Answer:

Ending Work In Process Cost =  $43,120

Units Transferred out Cost =  $433,500

Explanation:

Step 1 : Equivalent units calculation

Materials

Ending Work in Process = 4,400 x 100% = 4,400 units

Conversion

Ending Work in Process = 4,400 x 40% = 1,760 units

Step 2 : Total Costs assigned to Ending Work In Process

Ending Work In Process Cost = Materials + Conversion Costs

                                                 = 4,400 x $5 + 1,760 x $12

                                                 = $43,120

Step 3 : Total Cost of Units Transferred out

Units Transferred out = Total Unit Cost x Units transferred

                                    = $17.00 x 25,500

                                    = $433,500

5
Select the correct answer.
Which type of investment offers both capital gains and interest income?
ОА.
property
OB.
CDs
Ос.
stocks
OD
bonds


Plato

ohn Baker, a cash basis calendar year taxpayer, paid the following during the year:Social security tax (withheld from wages) $4,500Real estate taxes $3,200State income tax $3,400Special assessment for installation of sidewalks $1,140Penalty on tax underpayment $300Flat fee for automobile registration $90What itemized deduction may John claim for taxes on his return

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what are tresholds in auditing?​

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B. a price below​ $10,000 (or its determined price of​ $9,850) for its new drug Ibrance would result in a decline in its​ (total sale) revenues reflecting a price elasticity greater than one​ (in absolute​ value) for prices less than​ $10,000.
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Contribution Margin Per
Scenario Ride (Price - Variable cost) Number of Customers
Excellent $40 10,500
Fair $25 6,000
Poor $15 4,500
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Required:
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B. The need is aroused to sufficient level of intensity
C. Pressure
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Type the correct answer in the box, Spell the word correctly.

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show this relationship?
Anika should use a________
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Apr.
1 Stockholders invested $22,770 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $474 per week, payable monthly.
2 Paid office rent for the month $1,138.
3 Purchased architectural supplies on account from Burmingham Company $1,644.
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ОА.
other things remain unequal
OB. other things remain constant
Oc. other things remain irregular
OD. other things remain unbalanced

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