User Account

All Pages

Determine the cost of units started and completed in june

Assignment Help Accounting Basics
Reference no: EM131785302

Question - The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $86,250 of direct materials.

Debit Credit Debit

June 1 Bal.,7,500 units, 60% completed 98,850

30 Direct materials, 68,000 units761,6000 860,450

30 Direct labor 83,380 943,830

30 Factory overhead 117,300 1,061,130

30 Goods transferred, ?units ?

30 Bal., 6,000 units, 70% completed ?

Determine the cost of units started and completed in June.

Reference no: EM131785302

Questions Cloud

Prepare an income statement and a statement of owner equity : Prepare an income statement and a statement of owner's equity for the year 2010, and a balance sheet at December 31, 2010
Identify print or web-based resources that you are using : Describe the "sequence" you use, citing the empirical or other resources that have helped you build a useful strategy?
Discuss costs of purchasing unprocessed milk and processing : The costs of purchasing the unprocessed milk and processing it up to the split point to yield a total of 21,000 gallons of salable product
How much must be deposited at the beginning of each quarter : Construction fund A company wants to have $250,000 available in 4½ years for new construction. How much must be deposited at the beginning of each quarter.
Determine the cost of units started and completed in june : The beginning inventory consists of $86,250 of direct materials. Determine the cost of units started and completed in June
Calculate the debt-to-equity ratio : Calculate the debt-to-equity ratio. Round to two decimal places.
Controlling the operations of a business : What are standard costs? What role do they play in controlling the operations of a business? Any examples?
Review problem on the cruise fund : Cruise fund A couple wish to set up an annuity that will provide 6 monthly payments of $3000 while they take an extended cruise.
What is the companys warranty expense for the month : The balance in the Estimated Warranty Liability account at November 1 was $30,500. What is the company's warranty expense for the month of November

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd