User Account

All Pages

Discuss process inventory and finished good inventory

Assignment Help Accounting Basics
Reference no: EM131769546

Can anyone assist in finding the work in process inventory and finished good inventory?

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,140 and two jobs in process: Job No. 429 $2,450, and Job No. 430 $1,690. During May, a summary of source documents reveals the following.

Job Number Materials
Requisition Slips		 Labor Time
Tickets
429 $2,920 $2,160
430 3,610 3,360
431 4,870 $11,400 8,030 $13,550
General use 960 1,600
$12,360 $15,150

Stine Company applies manufacturing overhead to jobs at an overhead rate of 65% of direct labor cost. Job No. 429 is completed during the month.

Reference no: EM131769546

Questions Cloud

Statistic between the two means : A random sample of males and females involved in rear-end accidents results in the following Minitab summary:
What response or solution does the hgp provide : What response or solution does the HGP provide for the concerns and criticisms of the above issue? Do they identify any of their own concerns?
Sides of a box are labeled with the dimensions : The sides of a box are labeled with the dimensions X-3, X-3 and 9 in feet. What is the value of x if the volume of the box is 441 cubic? feet?
Explain implications of the policies on operations of health : Explain the implications of these policies on the operations of health care organizations. Evaluate key legal factors that are inherent in the case.
Discuss process inventory and finished good inventory : Can anyone assist in finding the work in process inventory and finished good inventory
How do organization values drive the culture : Identify the type (market entry, market expansion, merger, and acquisition) of Strategic Plan that you will be creating.
How much does it cost to drive : If your car gets 33 miles per? gallon, how much does it cost to drive 410 miles when gasoline costs ?$3.20 per? gallon?
Cubic feet of water weigh in? pounds : One cubic foot holds 7.48 gallons of? water, and one gallon of water weighs 8.33 pounds. How much does 1.8 cubic feet of water weigh in? pounds?
What is corporate governance : Suppose your company is very successful and you cash out most of your stock and turn the company over to an elected board of directors.

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