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