Calculate the cost of the goods transferred out

Assignment Help Accounting Basics

Reference no: EM131896385

Problem

Kramer company started its production operations on August 1st. During August, the printing Department completed 17,600 units. There were 4,400 units in ending inventory which were 80% complete with respect to materials and 10% complete with respect to conversion cost. during August, the department accumulated materials cost of 45408 and conversion cost of 76,6700. Required:

a) Calculate the cost of the goods transferred out.
b) What is the value of the ending inventory?

Reference no: EM131896385

Questions Cloud

Would such values remain constant or be subject to change : Discuss whether or not you believe human capital should be included in the financial statements. What are some of the difficulties that may be encountered

Determine the minimum selling price : Determine the minimum selling price based on the above information and Show the sales and profitability if the company sells all the units produced

How many actual direct labor-hours were worked : Krizum Industries makes heavy construction equipment. The standard for a particular crane calls. How many actual direct labor-hours were worked?

Is mr honigmans will valid : After nearly 40 years of marriage, Frank Honigman executed a new will that left his wife only the minimum required by law. The balance went to his brothers.

Calculate the cost of the goods transferred out : Kramer company started its production operations on August 1st. Calculate the cost of the goods transferred out. What is the value of the ending inventory?

Determine the net present value and the irr : why is this information not enough by itself for management to decide whether to accept or reject the project?

Compute the pre-determined cost allocation rates : Krueger Corporation provides a variety of consulting services to a diverse. Compute the pre-determined cost allocation rates for the two operating departments.

Do you agree from the given statement : Linda Richmond and Eddie Durham had two children before they were divorced. Under the terms of their divorce decree, Durham obtained title to their house.

Compute the monthly break-even point : Compute the monthly break-even point for the new toy in unit sales and in dollar sales and How many units must be sold each month to make a monthly profit

User Account

All Pages