Solution-Determine the ending work-in-process inventory

Determine the ending work-in-process inventory

Assignment Help Accounting Basics

Reference no: EM133093148

Question - Information from Yoda's Stick Company is given below in $000s for this period:

Sales $700

Selling and administrative costs 52

Purchases of raw materials 18

Direct labor 22

Manufacturing overhead 210

Raw materials used (all direct cost) 22

Cost of goods manufactured 136

Beginning raw materials inventory 60

Beginning work-in-process inventory 206

Beginning finished goods inventory 180

Ending finished goods inventory 150

Required -

1. Determine the Ending Raw Materials assuming all Raw Materials costs are classified as direct costs?

2. Determine the Ending Work-in-Process Inventory?

3. Determine the Cost of Goods Sold?

Reference no: EM133093148

Questions Cloud

What is the present value of its forecasted dividends : If Powdermaker's expected rate of return is 7%, what is the present value of its forecasted dividends

What is is the constant growth value : An analyst forecasts dividends for the next two years as follows: 2021 = $140 and 2022 = $150. What is is the constant growth value

Compute the taxable income and income tax payable : Compute the taxable income and income tax payable in 2019 and 2020. Assume an average tax rate of 40% for all years. Show all supporting calculations

Would you advise john to open his boxing gym : John wants to operate the boxing business for only five years, Would you advise John to open his boxing gym, or retire in his family farm immediately

Determine the ending work-in-process inventory : Information from Yoda's Stick Company is given below in $000s for this period: Sales $700. Determine the Ending Work-in-Process Inventory

Impact on immigration and emigration in the various cultures : Impact on immigration and emigration in the various cultures that are represented in Education, Human Resource Management, Sustainability, Technology, and Trade

Make an argument is support of the rfid technology : 1. You have been appointed to the ICT committee of your organization. One of the main tasks for the committee this financial year is to make a determination whe

Who has the better deal : D signed a contracts for $4 million now and $2 million per year for five years. Who has the better deal if the interest rate is 10%

What is the cost per unit that should be reflected : The applicable tax rate for this purchase is 6% (5% VAT and 1% EWT). What is the cost per unit that should be reflected in the books of DA

User Account

All Pages

Determine the ending work-in-process inventory

Reference no: EM133093148

Reference no: EM133093148

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT