Find how many units were started during april

Assignment Help Cost Accounting
Reference no: EM132633660

Question 1: Hammett has a single production department, and uses a process-costing system. The balance in its Work-in-Process account on January 1 was $68,000. The account was charged with direct materials, direct labor, and manufacturing overhead of $450,000 throughout the year. If a review of the accounting records determined that $86,000 of goods were still in production at year-end, Hammett should make a journal entry on December 31 that includes:

A. a debit to Cost of Goods Sold for $432,000.

B. a debit to Finished-Goods Inventory for $432,000.

C. a debit to Work-in-Process Inventory for $432,000.

D. a debit to Finished-Goods Inventory for $86,000.

E. a credit to Work-in-Process Inventory for $86,000.

Question 2: Barrett Corporation had 6,500 units of work in process on April 1. During April, 19,100 units were completed and as of April 30, 5,100 units remained in production. How many units were started during April?

A. 11,600.

B. 17,700.

C. 20,500.

D. 30,700.

E. None of the other answers are correct.

Reference no: EM132633660

Questions Cloud

What is the best format to choose : What is the best format to choose? a paragraph format or a written question and answer format with quotations?
How many units were completed during november : During November, 26,800 units were started and as of November 30, 7,900 units remained in production. How many units were completed during November?
Prepare the worksheet consolidation entry or entries : Prepare the worksheet consolidation entry or entries needed at December 31, 20X6, to remove the effects of the intercompany sale
What types of evidence convinces readers : What types of evidence convinces readers that their interests are primary?
Find how many units were started during april : During April, 19,100 units were completed and as of April 30, 5,100 units remained in production. How many units were started during April?
Calculate the contribution margin per unit of service : For one night accommodation per person, the hotel charges $60. Calculate the contribution margin per unit of service and the contribution margin ratio
Academic reflection on your teamwork experience : Prepare a report on An academic reflection on your teamwork experience - how the team functioned to complete the project
Describes the account that would be credited to record : Department no. 1 to Department no. 2 for further work. Which of the following best describes the account that would be credited to record this transfer?
What journal entry to record completed production : Completed production from Department A to Department B for further manufacturing. The journal entry to record completed production in Department A requires

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!

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