Elmer Corporation has the following information for the month of October,its first month of operations: Round intermediate calculations to two decimal places Costs added in October: (1.)Determine the equivalent units of production for October.
(2.)Determine the cost of the ending work in process.
(3.)Determine the cost of goods completed.
(4.)If the company sold ¾ of its completed goods for $264,000,what is the gross profit?

Question

Elmer Corporation has the following information for the month of October,its first month of operations: Round intermediate calculations to two decimal places  Costs added in October:  (1.)Determine the equivalent units of production for October.
(2.)Determine the cost of the ending work in process.
(3.)Determine the cost of goods completed.
(4.)If the company sold ¾ of its completed goods for $264,000,what is the gross profit?

Quizplus · Accepted Answer

The Answer of Elmer Corporation has the following information for the month of October,its first month of operations: Round intermediate calculations to two decimal places  Costs added in October:  (1.)Determine the equivalent units of production for October.
(2.)Determine the cost of the ending work in process.
(3.)Determine the cost of goods completed.
(4.)If the company sold ¾ of its completed goods for $264,000,what is the gross profit?

Elmer Corporation Has the Following Information for the Month of October,its