User Account

All Pages

Determine the total product cost for the year

Assignment Help Cost Accounting
Reference no: EM13528559

Anthony Manufacturing Company began operations on January 1. During the year, it started and completed 3,400 units of product. The company incurred the following costs.

1. Raw materials purchased and used-$6,300.
2. Wages of production workers-$7,060.
3. Salaries of administrative and sales personnel-$3,990.
4. Depreciation on manufacturing equipment-$8,740.
5. Depreciation on administrative equipment-$3,670.
Anthony sold 2,040 units of product.

Required

a. Determine the total product cost for the year.

b. Determine the total cost of the ending inventory.

c. Determine the total of cost of goods sold.

Reference no: EM13528559

Questions Cloud

What was product cost per unit in january : What was total product cost in January and what was product cost per unit in January?
Prepare an income statement for aikman corporation : Prepare an income statement through gross profit for June 2010 assuming net sales are$87,100 Aikman Corporation
Evaluate the mass percent of the solution : Calculate the mass percent of the solution. Calculate the molality of the solution. Calculate the molarity of the solution
Determine the work done by the field on the charge : The charge +q travels a distance d from point A to point B in a uniform electric field of magnitude E, what is the work done by the field on the charge
Determine the total product cost for the year : Determine the total product cost for the year and determine the total cost of the ending inventory.
Find what is the lesser charge : Two point charges 2.0cm apart have an electric potential energy -310uJ. The total charge is 15nC. What is the lesser charge
What is the acceleration of the crate relative to the ground : The truck barely exceeds this acceleration and then moves with constant acceleration, with the crate sliding along its bed. What is the acceleration of the crate relative to the ground
What are the pros cons to bmw selective tar get marketing : What are the pros cons to BMW's selective tar get marketing
Prepare manufacturing statement for the year : Given the selected account balances of Spalding Company, prepare manufacturing statement for the year ended on December 31, 2009. Include a listing of the individual overhead account balances in this statement.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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