Complete the production cost report for the welding

Assignment Help Accounting Basics
Reference no: EM13596615

The Welding Department of Hirohama Manufacturing Company has the following production and manufacturing cost data for February 2008. All materials are added at the beginning of the process. Hirohama uses the FIFO method to compute equivalent units.

  • Manufacturing Costs
  • Production Data

Beginning work in process $32,175 Beginning work in process 15,000 units

  • Costs transferred in 135,000 10% complete
  • Materials 57,000 Units transferred out 50,000
  • Labor 35,100 Units transferred in 60,000
  • Overhead 71,900 Ending work in process 25,000 units
  • 20% complete

Complete the production cost report for the Welding Department for the month of February. Transferred in costs are considered materials costs.

Reference no: EM13596615

Questions Cloud

In an effort to isolate the problem the president has asked : bovine company a wholesale distributor of dvds has been experiencing losses for some time as shown by its most recent
Robert buey became chief executive officer of phelps : robert buey became chief executive officer of phelps manufacturing two years ago. at the time the company was reporting
Randon house current eps is 650 it was 442 five years ago : randon house current eps is 6.50. it was 4.42 five years ago. the company pays out 40 of its earnings as dividends and
Pro sports inc manufactures basketballs for the national : pro sports inc. manufactures basketballs for the national basketball association nba. for the first 6 months of 2008
Complete the production cost report for the welding : the welding department of hirohama manufacturing company has the following production and manufacturing cost data for
If there were 60000 pounds of raw materials on hand on : if there were 60000 pounds of raw materials on hand on january 1 120000 pounds are desired for inventory at january 31
Original purchase cost 15000 25000 accumulated depreciation : twyla enterprises uses a computer to handle its sales invoices. lately business has been so good that it takes an extra
Sy telc has recently started the manufacture of recrobo a : sy telc has recently started the manufacture of recrobo a three wheeled robot that can scan a home for fires and gas
Frha co purchases a machine for 11500 terms 210 n60 fob : farha co. purchases a machine for 11500 terms 210 n60 fob shipping point. the seller prepaid the 260 freight charges

Reviews

Write a Review

Accounting Basics Questions & Answers

  Uniform partnership act of 1997

What is the Uniform Partnership Act of 1997 and what is the relevance to partnership accounting and what types of items are typically included in the partnership agreement? Explain.

  What does the fasb do in order to assess possible benefits

what does the fasb do in order to assess possible benefits and costs of a proposed revision of an accounting

  Clyde had work for many years as the chief executive of red

clyde had work for many years as the chief executive of red industries and had also been a major shareholder. clyde and

  Nature of gain or loss from disposition of machine

It was inherited by an individual who did not use the machine in business and was sold on November 22, 2009, for $53,000. Discuss the amount and nature of the gain or loss from disposition of the machine?

  Investments in equity securitie

Describe how investors report investments in equity securities when investor has controlling influence over an investee. (US GAAP)

  Assuming all interest payments have been made annually as

1. sanchez company has just completed a bond issue which resulted in 150000 of 5 year 8 bonds. interest is paid

  Find the firm asset turnover ratio and roa

Torrid Romance Publishers has total receivables of $2,820, which represents 20 days' sales. Total assets are $70,500. The firm's operating profit margin is 6.0%. Find the firm's asset turnover ratio and ROA. (Use 365 days in a year. Do not round i..

  Boston company is considering the production and sale of a

boston company is considering the production and sale of a new product with the following sales and cost data unit

  Bondholders are crditors of the issuing corporation

write true or false for statements given below1. bondholders are crditors of the issuing corporation.2. bondholders

  Satellite products inc owns two subsidiaries saturn systems

satellite products inc. owns two subsidiaries saturn systems and neptune audio. saturn supplies printed circuit boards

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  The raattama corporation had sales of 35 million last year

the raattama corporation had sales of 3.5 million last year and it earned a 5 return after taxes on sales. recently the

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