Solution-Determine the balance of work in process-rolling

Determine the balance of work in process-rolling at the end

Assignment Help Managerial Accounting

Reference no: EM132575023

The cost of materials transferred into the Rolling Department of Keystone Steel Company is $517,700 from the Casting Department. The conversion cost for the period in the Rolling Department is $109,600 ($61,700 factory overhead applied and $47,900 direct labor). The total cost transferred to Finished Goods for the period was $625,100. The Rolling Department had a beginning inventory of $26,300. a

Question 1: Journalize the cost of transferred-in materials.

Question 2: Journalize the conversion costs. If an amount box does not require an entry, leave it blank.

Question 3: Journalize the costs transferred out to Finished Goods.

Question 4: Determine the balance of Work in Process-Rolling at the end of the period

Reference no: EM132575023

Questions Cloud

Demonstrate should the company make or buy the engines : Fixed factory overhead is applied at 150% of direct labor cost per unit. The vacuums sell for $150 each. Should the company make or buy the engines?

Determine the balance of work in process-rolling at the end : Determine the balance of Work in Process-Rolling at the end of the period. The cost of materials transferred into the Rolling Department

What are the total equivalent units for conversion costs : What are the total equivalent units for conversion cost? If required, round to the nearest unit. The Filling Department of Eve Cosmetics Company had 5,600 ounce

Examine how the essayist engages with : Examine how the essayist engages with, responds to, redefines, or alludes to other authors or pieces of writing.

Determine the balance of work in process-rolling at the end : Determine the balance of Work in Process-Rolling at the end of the period. The cost of materials transferred into the Rolling Department

Discuss a story you have read or researched : Discuss a story you have read or researched that tells a story from a different perspective why do you think this type of story is important for young children?

What is margin of safety in dollars for awanita enterprises : Unit variable cost is $0.06. The break even point in units is 3,000, and expected sales in units are 4,600. What is the margin of safety in dollars?

Find how many units must be sold to earn income : Hughes Company manufactures harmonicas. Variable costs for each unit are $14 and total costs are $3475. How many units must be sold to earn income of $4,500?

Find how many scarves should the company sell each day : Find How many scarves should the company sell each day in order to break even? (Round your answer your to the nearest whole scarf).

User Account

All Pages

Determine the balance of work in process-rolling at the end

Reference no: EM132575023

Reference no: EM132575023

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

How should the investment be classified by johnstone

Report on the functions of management accounting systems

What will happen to the total annual variable cost

Calgary corporation produces a liquid solvent

Analysis the company should make or buy the switches

Calculate contribution margin per unit for phan incorporated

Create alpha company general journal entries to record

How to compute product cost per unit under absorption cost

Determine manufacturing overhead will have been

What is the direct materials price variance

Make stockholder equity section of classified balance sheet

How long does it take to triple your money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT