Solution-Find the value of NHLs Finished Goods Inventory at

Find the value of NHLs Finished Goods Inventory at the end

Reference no: EM132712866

Question - On January 1st, 2019, NHL Inc. had a Beginning Work-in-Process balance of $20,000 ($10,000 of Direct Materials and $10,000 of Conversion) which consisted of 10,000 units which were 40% complete with respect to conversion costs.

During January, NHL started production on an additional 40,000 units and incurred $30,000 in Materials and $50,000 in Conversion costs.

NHL's Ending Work-In-Process consisted of 10,000 units which were 50% complete with respect to conversion costs.

NHL produces a single product. All direct materials are added at the start of the production process while conversion costs are incurred uniformly.

NHL uses a weighted-average process costing system.

Find the value of NHL's Finished Goods Inventory at the end of January?

Reference no: EM132712866

Questions Cloud

What is that single payment if money is worth : Single payment to be made 115 days from now. What is that single payment if money is worth 8.5% p.a. and the focal date is 115 days from now?

How human resource strategies relate to operational plans : Explain how human resource strategies and planning services relate to operational plans, particularly in relation to labour requirements.

Which loss on translation of the accounts should be to : When translating the financial statements of a foreign operation to presentation currency, any gain or loss on translation of the accounts should be to

Planning process for public health interventions : Describe the planning process for public health interventions.

Find the value of NHLs Finished Goods Inventory at the end : During January, NHL started production on an additional 40,000 units. Find the value of NHL's Finished Goods Inventory at the end of January

Which is not an advantage of a c corporation : Which of the following is not an advantage of a C corporation? shareholders are only liable up to the amount of the investment

What are advantages of delaying the payout of performance : What are the advantages and disadvantages of delaying the payout of performance-based pay rather than paying the reward immediately?

What the carrying amount of the patent at end of fourth year : What the carrying amount of the patent at the end of fourth year is? Owen Inc. developed a new machine for manufacturing bags.

Ethics in organizational culture : A brief summary of how an organization's culture can influence the creation of ethical and potentially unethical policies and practices.

User Account

All Pages

Find the value of NHLs Finished Goods Inventory at the end

Reference no: EM132712866

Reference no: EM132712866

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Gruner also incurs 7 sales commission 048 on each disc

Crockrill company wants to withdraw 123600 including

Develop the responses that you would anticipate

A new cardiac catheterization lab was constructed at have a

Koreen manufacturing co has three production departments

What is a benefit of having a financial buyer versus

What is the major distinction

A financial analyst is studying the feasiblity of two

Prepare the adjusting entries pertaining to the mine asset

Write a short essay about the nature of impairment loss

Do you agree or disagree with the position of the owners

How many units must hohner sell to achieve

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT