Departmental work in process inventory at the end of period

Assignment Help Financial Accounting

Reference no: EM131203415

Department G had 3,933 units, one-third completed at the beginning of the period, 12,836 units were completed during the period, 1,626 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:

Work in process, beginning of period $29,049

Costs added during period:

Direct materials $117,855

Direct labor $78,570

Factory overhead $26,190

Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of the departmental work in process inventory at the end of the period?

$117,855

$21,075

$11,850

$26,190

Reference no: EM131203415

Questions Cloud

Prepare any journal entries related to the change : The Commonwealth of Virginia filed suit in October 2014 against Northern Timber Corporation, seeking civil penalties and injunctive relief for violations of environmental laws regulating forest conservation. Prepare any journal entries related to the..

Explain the historical back ground and reason for corp act : Explain why the following sections are in the CORP. Act you are required to explain the historical back ground and reason for their inclusion in the CORP. Act. Do not just copy the sections as your answer

Does this situation describe a loss contingency : The Manda Panda Company uses the allowance method to account for bad debts. At the beginning of 2016, the allowance account had a credit balance of $80,000. Credit sales for 2016 totaled $2,970,000 and the year-end accounts receivable balance was $66..

Does this situation represent a loss contingency : Cupola Awning Corporation introduced a new line of commercial awnings in 2016 that carry a two-year warranty against manufacturer’s defects. Based on their experience with previous product introductions, warranty costs are expected to approximate 4% ..

Departmental work in process inventory at the end of period : Department G had 3,933 units, one-third completed at the beginning of the period, 12,836 units were completed during the period, 1,626 units were one-fifth completed at the end of the period and the following manufacturing costs were debited to the d..

Describe types of innovations or improvements that have come : Give an example of a product or service where the target customer is part of the supply chain. Describe the types of innovations or improvements that have come from involving the target customer in the supply chain.

Manufactures product requiring two processes : Jeans Co. manufactures a product requiring two processes, cutting and sewing. During August, partially completed units with a cost of 287,200 are transferred from cutting to sewing. Overhead is applied to the sewing department at 100% of direct labor..

Compute monthly break-even point for new toy in unit sales : Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. Compute the monthly break-even point for the new toy in unit sales and ..

User Account

All Pages