Calculate the ending work in process inventory

Assignment Help Financial Accounting
Reference no: EM132314861

Question

If the cost of the beginning work in process inventory is $85,500, costs of goods manufactured is $985,000, direct materials cost is $349,000, direct labor cost is $229,000, and overhead cost is $334,000, calculate the ending work in process inventory?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132314861

Questions Cloud

Explore the cybersecurity policy side of NIST : While much of the work that NIST does is more technical, in this segment you will explore the cybersecurity policy side of NIST.
What is the estimated total fixed cost for utilities : The following information is available for a company's utility cost for operating its machines over the last four months. The estimated total fixed cost?
Discuss cybercrime or cybersecurity on the internet : Please post the hyperlink to one federal statute which discusses cybercrime or cybersecurity on the internet and summarize in not less than 100 words what that.
Summarizing a court interpretation in a case : Summarizing a court's interpretation in a case involving online protection of a patent. Cite both the case and statute using standard legal notation. Please.
Calculate the ending work in process inventory : If the cost of the beginning work in process inventory is $85,500, costs of goods manufactured is $985,000, direct materials cost is $349,000.
Discussion about the networking and social capital : Review at least four (4) academically reviewed articles on the use of Networking and Social Capital to manage the external dynamics of a team.
What is the companys plantwide overhead rate : K Company estimates that overhead costs for the next year will be $4,000,000 for indirect labor and $970,000 for factory utilities.
What amount should have been reported as variable costs : What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
What is the contribution margin per unit : The Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.05 and the variable cost per unit is $15.90.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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