Reference no: EM131262328
Ralph Inc. manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department (i.e., same completion percentage applied to direct materials and conversion costs). Information for the Mixing Department for October follows:
Work in process, October 1
Units (30% complete) 7,500
Direct Materials $2,000
Conversion Costs $2,100
During the month, 150,000 units were completed and transferred to Packaging. The following costs were incurred by the Mixing Department.
Direct Materials $25,000
Conversion Costs $25,500
There were 12,000 units that were 50 percent complete remaining in the Mixing Department at the end of October.
Determine the cost of ending work in process under weighted average method.
|
Compute basic and diluted earnings per share
: On December 31, 2015, Berclair Inc. had 600 million shares of common stock and 16 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. Compute Berclair’s basic and diluted earnings per share for the year ended Decem..
|
|
What are current assets-long term nvestments-net property
: The following information is taken from the records of ROK Corporation at December 31, 2010: What are current assets, long term nvestments, Net property, plant, and equpment, intangible assets, current liabilities, long term liabilities, stockholders..
|
|
Manufactures sun protection lotion
: ABC Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellent. The following data are for the current month: Direct materials are added at the beginning of the proc..
|
|
Variety of musical instruments-sound reproduction equipment
: Wildhorse Music Emporium carries a wide variety of musical instruments, sound reproduction equipment, recorded music, and sheet music. Wildhorse uses two sales promotion techniques—warranties and premiums—to attract customers. Musical instruments and..
|
|
Cost of ending work in process under weighted average method
: Ralph Inc. manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department (i.e., same completion percentage applied to direct materials and conversion costs). Dete..
|
|
What is the future worth of the bank account in year
: A bank account earns 0.06% per year compounded bimonthly. An initial deposit of $80,000 is made with consecutive payments of $1,000 every 3 months for 10 years. Semiannual withdrawals of $3,000 are planned to occur beginning in years 3 to 10. What is..
|
|
Prepare the stockholders equity section of balance sheet
: Pringle Corporation has been authorized to issue 21,000 shares of $100 par value, 7%, noncumulative preferred stock and 1,071,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. Prepare the stockholders’..
|
|
Prepare the stockholders equity section of balance sheet
: Pringle Corporation has been authorized to issue 21,000 shares of $100 par value, 7%, noncumulative preferred stock and 1,071,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. Prepare the stockholders’..
|
|
General ledger shows checking account balance
: On October 31, 2018, Damon Company’s general ledger shows a checking account balance of $8,418. The company’s cash receipts for the month total $74,460, of which $71,330 has been deposited in the bank. In addition, the company has written checks for ..
|