Find the cost assigned to the units in the ending work

Assignment Help Managerial Accounting
Reference no: EM132864844

Question - In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complet3. These units had $67000 of materials costs and $47000 of conversion costs. All materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. During April, 19000 units were completed and transferred to the finished goods inventory and there were 2600 units that were 20% complete in the ending work in process inventory on April 30. During April, manufacturing costs charged to the department were: Materials $2215500; Conversion costs $3171300.

Required - Find the cost assigned to the units in the ending work in process inventory on April 30?

Reference no: EM132864844

Questions Cloud

Calculate the cost of equity using dividend discount model : Floyd Industries stock has a beta of 1.2. The company just paid a dividend of $0.90, Calculate the cost of equity using the dividend discount model method.
Evaluate efficiency of balloons aloha sequencing system : Suggest short-term recommendations for the set of six jobs at the company. Evaluate the efficiency of Balloons Aloha's sequencing system.
What is the ending balance in the manufacturing overhead : What is the ending balance in the manufacturing overhead account in the Assembly department and is it over- or underapplied
What is the journal entry on jan to record the cash received : Instead of borrowing on a short-term note, What is the journal entry on Jan. 1 to record the cash received and on Dec. 31 to record the annual payment?
Find the cost assigned to the units in the ending work : Materials $2215500; Conversion costs $3171300. Find the cost assigned to the units in the ending work in process inventory on April 30
Basic functions of management : Research, identify and discuss the four basic functions of management. Also, explain which function you feel is most important and why.
Compute a confidence interval for the population mean : Compute a confidence interval for the population mean using ‘pen, paper and tables' and by using R - compute a confidence interval
Determine how would allocate the additional five million : Determine how you would allocate the additional $5 million. Are there other areas in which to spend the money not mentioned in the above case?
Essay that reviews operations management : Essay that reviews Operations Management in the organization for which you work. Include an overview of the positions (no names, just titles) that are responsib

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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