Reference no: EM131824781
Problem - Missing records, computing inventory costs
Rom Williams recently took over as the controller of Johnson Brothers Manufacturing. Last month, the previous controller left the company with little notice and left the accounting records in disarray. Ron needs the ending inventory balances to report first quarter numbers.
For the previous month (March 2011) Ron was able to piece together the following information:
Directed Materials Purchased $ 240,000
Work in process inventory, 3/1/2011 $ 70,000
Direct materials inventory, 3/1/2011 $ 25,000
Finished goods inventory, 3/1/2011 $ 320,000
Conversion Costs $ 660,000
Total manufacturing cost added during the period $ 840,000
Cost of goods manufactured 4 times direct materials used
Gross margin as a percentage of revenues 20%
Revenues $ 1,037,500
Calculate the cost of Work in process inventory, 3/31/11.
Evaluate sampling methods
: A university wants to determine what fraction of its undergraduate student body support a new $25 annual fee to improve the student union.
|
Possible reason the gallup poll chooses to use random digit
: Give a possible reason the Gallup Poll chooses to use random digit dialing instead of picking phone numbers from the phone book.
|
Create your own working definition of emotional labor
: Create your own working definition of emotional labor. Your definition should include likely effects of emotional labor, such as fatigue and workplace stress.
|
Discuss the role of the judge and defense attorney
: Discuss the role of the judge, prosecutor, defense attorney, Court Appointed Special Advocate and guardian ad litem, and probation officer.
|
Calculate the cost of work in process inventory
: Calculate the cost of Work in process inventory, 3/31/11. Ron needs the ending inventory balances to report first quarter numbers
|
Understanding of the psychology of attitudes
: Researchers concluded that "some people tend to like things, whereas others tend to dislike things, and a more thorough understanding
|
Overestimate or underestimate the true value
: Or will our average be biased? If so, will it overestimate or underestimate the true value?
|
Is plea bargaining fair or unfair
: You are required to take a position on this issue and discuss your reasons why you believe that plea bargaining is fair or unfair.
|
Calculate the cost of finshed goods inventory
: Problem - Missing records, computing inventory costs. Ron needs the ending inventory balances to report first quarter numbers
|