Accounting questions

Question 6: ( 2 points)

Johnny Ringo Company uses the weighted-average method in its processing costing system. The Assembly Department started the month with 643 units in process that were 53% complete, received 1,250 units the Detail Department, and had 414 units in process at the end of the period. All materials are added at the beginning of the process and conversion costs are incurred uniformly. The units in process at the end of the month are 27% complete with respect to conversion costs. During the month, 1270 units were completed and transferred out. The cost per equivalent unit for direct materials is $3.10. The department incurred the following costs:

Of the $4,075 total cost for direct materials, what amount will be transferred out? (Round your answer to the nearest dollar)

Question 9 ( 3 points)

Stagecoach Company projects the following sales:

Stagecoach collects sales on account in the month after the sale. The Accounts Receivable balance on October 1 is $18,300 which represents September’s sales on account. Stage coach projects the following cash receipts from customers:

Recalculate sales and cash receipts from customers if total sales remain the same but cash sales are 25% of the total.