stangol co. uses process costing to account for the production of highlighter pens. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. cost per equivalent unit has been calculated to be $8.80 for conversion costs and $7.1667 for materials. 12,000 units were worked on during the period. ending inventory still in process was 4,000 units (100% complete for materials, 50% for conversion). the value of units completed and transferred

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According to the claim, the overall price of 4000 units is therefore $28,666.8 plus $17,500, which comes to $46.266.80.

An account with examples are what?

An account in accounting is a general ledger entry use to categorize and record transactions. For instance, businesses will be given a Cash flow where they may record each transaction that raises or decreases the amount of cash they have on hand.

What are the many sorts of accounts?

Real, personal, and nominal accounts are three distinct kinds of accounts used in accounting. Two two types of real account are then determined: tangible real account and intangible real accounting. Personal accounts also come in three major subtypes: Natural, Representative, & Artificial.

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