PROBLEM 3-1. Comprehensive Problem, One Department [LO 3, 4] Regal Polish manufactures a single product in one department and uses a process costing…

PROBLEM 3-1. Comprehensive Problem, One Department [LO 3, 4] Regal Polish manufacturesa single product in one department and uses a process costing system. At the start of May,there were 11,000 units in process that were 100 percent complete with respect to direct materialand 60 percent complete with respect to conversion costs (labor and overhead). During themonth, the company began production of 105,000 units. Ending Work in Process inventory consistedof 5,100 units that were 100 percent complete with respect to material and 70 percent completewith respect to conversion costs.

Cost Information Beginning                               Work in Process                                 Costs Added in MayDirect material                                                                $4,000                                                 $76,500Direct labor                                                                          200                                                      8,880Manufacturing overhead                                                  300                                                      9,915Total                                                                                    $4,500                                                $95,295

Required(a) Calculate the cost per equivalent unit for each of the three cost items and in total. Round to 3 decimal places.

(b) Calculate the cost of items completed in May and the cost of ending Work in Process. Round to 2 decimal places.

(c) Reconcile the sum of the two costs in part b to the sum of beginning Work in Process and costs added in May.

Show more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10