Determine the cost of ending work in process inventory

Assignment Help Accounting Basics
Reference no: EM131785251

Question - Work in Process-Assembly Department

Bal. 4,000 units, 35% completed 9,590 Finish Goods 92,200 units

Direct materials, 94000 units @$1.75 164,500

Direct labor 134,800

Factory overhead 52,020

Bal. ? units, 45% completed ?

a. Based on the above data, determine the different costs listed below.

1. Cost of beginning work in process inventory completed this period: $

2. Cost of units transferred to finished goods during the period: $

3. Cost of ending work in process inventory: $

4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent: $

Reference no: EM131785251

Questions Cloud

What is the direct materials cost per equivalent unit : The cost of direct materials transferred into the Bottling Department of Rocky Springs Beverage Company is $292,600. What is the Direct materials cost
How do you compute the late-filing and late-payment penalty : How do you compute the late-filing and late-payment penalty? Describe the statute of limitations for a tax return.
How many regular payments will amortize the unpaid balance : A young couple buying their first home borrow $85,000 for 30 years at 7.2%, compounded monthly, and make payments of $576.97.
Who determines ethical standards for advertising : Who determines ethical standards for advertising,In what ways has advertising affected American culture
Determine the cost of ending work in process inventory : Question - Work in Process-Assembly Department, Determine the Cost of ending work in process inventory
Show the amount paid toward the principal of the debt : A debt of $100,000 is amortized at 6%, compounded monthly, over 25 years with 300 monthly payments of $644.30 each. Figure 6.12 includes two graphs.
Prepare the journal entry to record the disposal : Prepare the journal entry to record the disposal of the the truck
Analyzing the information contained in the video : Analyzing the information contained in the video, identify at least four internal controls effective in mitigating employee theft and / or fraud.
What type of hypothesis : In hypothesis testing, the hypothesis tentatively assumed to be true is what type of hypothesis?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Descriptive statistics for kalamazoo county

1. Visit the U.S. Bureau of the Census (census.gov), and find the following descriptive statistics for Kalamazoo County, Michigan:

  Question-mark trucks limited

Mark Trucks Limited has some idle capacity in its plant, which is restored by accepting order from other automobiles industries. The company has finished assembly of150 trucks against special order N, 13A from Western Motors Limited.

  Discuss the trends in the steel industry

After the 2008 financial and economic crisis, the world steel industry's recovery has been uneven, but it is recovering faster than expected. The global steel production declined from 129 million metric tons (mmt) in March 2011 to 127 million met..

  Flow of costs through manufacturing accounts

Flow of Costs through Manufacturing Accounts

  How would accounts receivable be shown in the 2011

Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.

  Problem related to accounts in ledger

The Boa Co. has the following accounts in its ledger: Cash, Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Capital Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscella..

  Jamir company has a contribution margin ratio of 35 if

jamir company has a contribution margin ratio of 35. if jamir has 335405 in fixed costs what amount of sales will need

  Compute the balance in your margin account

Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit or loss at the end of the trading period.

  General matters outstanding bond issue has a coupon rate of

general matters outstanding bond issue has a coupon rate of 8.4 and it sells at a yield to maturity of 7.50. the firm

  What is the carrying value of the bonds

Jahnke Corporation issued 8,000 shares of €2 par value ordinary shares for €11 per share. The journal entry to record the sale will include

  Company recorded its ending inventory

At the end of Year 1, Manny Company recorded its ending inventory at $350,000 based on a physical count.

  Compare and contrast job order-process

Compare and contrast job order, process, and activity-based costing. Be sure to provide situations in which each type of costing may be more useful than others.

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