Hey guys..

So I have been very busy with my multiple assignments and mid term exams, so could not even start my assignment or Accounting till now. I am a little worried now as I have to do this assignment and also study for the exam tomorrow (The exam weightage on final grade is much higher than the assignment). So I have decided to get your help on this assignment. If you can help me with my exam I promise to give you some game that you like from the ones I have spare.

So please help me out on this. Here is the first question of the assignment:

Question 1: A Bakery produces tea cakes. It uses a process costing system. In March, its beginning inventory was 450 units, which were 100 percent complete for direct materials costs and 10 percent complete for conversion costs. The cost of beginning inventory was $655. Units started and completed during the month totaled 14,200. Ending inventory was 410 units, which were 100 percent complete for direct materials costs and 70 percent complete for conversion costs. Costs per equivalent unit for March were $1.40 for direct materials costs and $0.80 for conversion costs.

From this information, compute the cost of goods transferred to the Finished Goods Inventory account, the cost remaining in the Work in Process Inventory account, and the total costs to be accounted for. Use the FIFO costing method. If required, round your answers to the nearest dollar.**

Question 2: Toy Truck Corporation produces children’s toy trucks using a continuous production process. All direct materials are added at the beginning of the process. In Novem- ber, the beginning work in process inventory was 420 units, which were 50 percent complete; the ending balance was 400 units, which were 70 percent complete. During November, 15,000 units were started into production. The Work in Process Inventory account had a beginning balance of $937 for direct materials costs and $370 for conversion costs. In the course of the month, $35,300 of direct materials were added to the process, and $31,689 of conversion costs were assigned. Using the FIFO costing method, prepare a process cost report that computes the equivalent units for November, the product unit cost for the toys, and the ending balance in the Work in Process Inven- tory account. (Round cost per equivalent unit to the nearest cent.)

I will update this post with more questions as I reach home and have access to my book. This one I had tried to start on and had it on my email.

Please show all the steps Contact me if you don't want to write the answer here and do it in MS Word.

Also please do not make fake answer up because this is very important for me. I will for now jut send the answers as it is but would surely do the assignment myself when I get time on this weekend.

I understand this can be taken as cheating, but for now I do not have any other option. I am out of time and not because I was slacking. Because I had a little bit too much on my plate this week. I am not even celebrating Diwali this week because of too much work"
Thanks a lot

9 years ago*

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Some available games I have are:
Bridge Constructor
Ravensword Shadowlands
Bionic Dues
Beatbuddy: Tale of Guardians
Blacksouls
Deadsky
Grimm
Infected: the twin Vaccine
RedShirt
Bioshock
Bioshock 2
lily looking thorugh
and a few more....

9 years ago
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I wish I knew some accounting to help you out, sorry, man. I can give you a bump, though! Good luck with your exams!

9 years ago
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I got max grades on this topic when university. Sadly, that was several years ago and remember nothing. Otherwise, would help you.

9 years ago
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U can post it on reddit's slave labour. Just google it

9 years ago
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Bump

9 years ago
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9 years ago
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Damn im taking IGCSE 11th Grade Accounting, we learnt about cost of raw materials etc but not that conversion thing..

9 years ago
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I found the exact same one in Google
http://www.chegg.com/homework-help/questions-and-answers/bakery-produces-tea-cakes-uses-process-costing-system-march-beginning-inventory-450-units--q2793528
Need to pay for it tho, very expensive.
If you want to do it yourself, here's an example which you can follow:
https://www.sendspace.com/file/aemdcg
If I have time, I would love finishing it for you. However, I have an Accounting midterm tomorrow :( I need to pull an allnighter to study for it Orz.
Good luck!

9 years ago
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This comment was deleted 5 years ago.

9 years ago
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Closed 9 years ago by Grauntgar.