All raw materials are considered to the manufacturing

Assignment Help Accounting Basics
Reference no: EM13601076

Lang Productions had the following beginning and ending inventory balances for April 2009.

  • 4/1/09 4/30/09
  • Raw material Inventory $18,000 $20,800
  • Work in Process inventory 85,200 50,800
  • Finished Goods Inventory 43,200 14,700

All raw materials are considered to the manufacturing process. During April, the company purchased $260,000 of raw materials. Direct labor cost for the month was $342,000; workers are paid $9.50 per hour. Overhead is applied at the rate of $12.50 for each direct labor hour.

(a) Prepare the Schedule of Cost of Goods Manufactured.
(b) Calculate Cost of Goods Sold for April 2009.

Reference no: EM13601076

Questions Cloud

During the current year patton consulting group aquired : during the current year patton consulting group aquired long-term available-for-sale securities at a 35000 cost. at
A manufacturing company producing medical devices reported : a manufacturing company producing medical devices reported 60000000 in sales over the last year. at the end of the same
In 2010 natural selection a nationwide computer dating : in 2010 natural selection a nationwide computer dating service had 500 million of assets and 200 million of
During the year the company produced 24000 units and sold : the ireland company manufactures and sells a single product. the following costs were incurred during the companys
All raw materials are considered to the manufacturing : lang productions had the following beginning and ending inventory balances for april 2009. 4109 43009 raw material
What organizations are responsible for governing financial : what organizations are responsible for governing financial reporting and what is the role of each organization? how
What are the main objectives of financial reporting and : what are the main objectives of financial reporting and who uses financial reporting? what type of information will
Acme inc sells its product for 45 the variable cost per : cost-volume-profit analysis is used to analyze the relationship between revenues variable costs fixed costs profits and
What is the break-even point for snoknoesif the owner wants : snokones has the following cost structure. selling price per unit 1.50 variable cost per unit 0.45 fixed costs per

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd