Solution-Compute the work-in-process inventory at july

Compute the work-in-process inventory at july balances

Reference no: EM131818024

Question - Winter Trailers' job cost records yielded the following information:

Job No.	Date			Total Cost of Job at July 31
Job No.	Started	Finished	Sold	Total Cost of Job at July 31
1	June 21	July 16	July 17	$3,000
2	June 29	July 21	July 26	13,800
3	July 3	August 11	August 13	6,700
4	July 7	July 29	August 1	4,800

Use the dates in the table to identify the status of each job. Compute the following balances for Winter Trailers:

a. Work-in-Process Inventory at July 31

b. Finished Goods Inventory at July 31

c. Cost of Goods Sold for July

Reference no: EM131818024

Questions Cloud

Plausible values for the mean of differences : Use software to access the student survey data, and perform the appropriate test. Report the mean of sampled differences, the standardized mean

Determine the possible iterative step that one must consider : Determine the possible iterative steps that one must consider in this process with consideration of the HR core functions and responsibilities of the client.

Larger population of students : Use software to test if the mean of differences, mother's age minus father's age, is negative for the larger population of students; first report the mean.

Prepare a separate journal entries to record the transfer : Prepare a separate journal entries to record the transfer of each proprietorship's assests and liabilities to the partnership

Compute the work-in-process inventory at july balances : Use the dates in the table to identify the status of each job. Compute the following balances for Winter Trailers: Work-in-Process Inventory at July 31

Interest rate on loan with the compensating balance : How low would the interest rate on the loan with the compensating balance have to be for you to choose it?

Discuss the current accounting period : What are the 2 methods that companies implement to adjust the outstanding accounts receivable for the current accounting period

Determine the equivalent annual cost of each : Two types of water impoundment reservoirs are being considered. determine the equivalent annual cost of each.

Demonstrates each relationship strength classification : Using the classifications from part one of this discussion; provide a real word scenario that demonstrates each relationship strength classification.

User Account

All Pages

Compute the work-in-process inventory at july balances

Reference no: EM131818024

Reference no: EM131818024

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

What was the number of units completed and transferred

What is the definition of valuation allowance

What are the benefits and drawbacks of accumulating cash

Prepare balance sheet and income statement

Alamos customer service department follows up on customer

Write a summary of 250 words in which you discuss the

Describe the fraud that had occurred

Compute cost and efficiency variances for direct materials

Discussion-analysis of the article

Calculate resulting cash flow and state nature of cash flow

Compute amount of overhead to be allocated to each product

Angela leichners luxurious home in georgetown a

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT