Chaterjee manufacturing company

Assignment Help Accounting Basics

Reference no: EM13521830

The following events took place for Chaterjee Manufacturing Company during January 2014, the first month of its operations as a producer of digital thermometers:
a. Purchased $95,200 of materials
b. Used $67,200 of direct materials in production
c. Incurred $128,800 of direct labor wages
d. Incurred $151,200 of factory overhead
e. Transferred $303,800 of work in process to finished goods
f. Sold goods with a cost of $280,000
g. Earned revenues of $450,000
h. Incurred $65,400 of selling expense
i. Incurred $54,600 of administrative expense

Using the above information, complete the following:
a. Prepare the January 2014 income statement for Chaterjee Manufacturing Company.
b. Determine the inventory balances at the end of the first month of operations.

Reference no: EM13521830

Questions Cloud

Explain the water warms and the copper cools : The water warms and the copper cools until the final temperature is 35.2 degrees C. Calculate the specific heat of the metal and identify the metal.

Why does socrates dialectical method preven : Why does Socrates' dialectical method prevent him from being a Sophist? Sophists, unlike Socrates, specialized in using rhetoric to impress or persuade an audience.

Examine the circumstances that resulted in the merger : Examine the circumstances that resulted in the merger or acquisition for the selected company. Speculate on two (2) reasons why the resulting decision to merge or to acquire / be acquired was made.

Calculate the angle of incidence for this ray : A ray of light originating in oil (n = 1.21) is incident at the Brewster angle upon a flat surface of a quartz crystal (n = 1.458). Determine the angle of incidence for this ray

Chaterjee manufacturing company : a. Prepare the January 2014 income statement for Chaterjee Manufacturing Company.

Explian a binary separator sorts glass according to color : A binary separator sorts glass according to color, with clear glass being the intended material recovered and colored glass being the intended material rejected. Glass enters the separator at a rate of 1575 pounds per hour with clear glass being 1..

The chompy company uses a job order costing system : The Chompy company uses a job order costing system

Define molar enthalpy of vaporization of carbon disulfide : The molar enthalpy of vaporization of carbon disulfide is 26.74 kJ/mol, and its normal boiling point is 46°C. What is the vapor pressure of CS2 at 0°C

What is the limit of the accuracy : The y-component of a dust particle's velocity is measured with an uncertainty of 1.0×10?6 m/s, What is the limit of the accuracy to which we can locate the particle along the y-axis

User Account

All Pages