User Account

All Pages

How many units are in process at may

Assignment Help Managerial Accounting
Reference no: EM132958472

The ledger of Ivanhoe Company has the following work in process inventory account.

Work in Process-Painting 5/1

Balance 3,690 5/31

Completed and transferred out? 5/31

Direct materials 8,660 5/31

Direct labor 4,098 5/31

Manufacturing overhead 2,280 5/31

Balance ?

Production records show that there were 500 units in the beginning inventory, 30% complete, 1,700 units started into production, and 1,600 units completed and transferred out. The beginning work in process had materials cost of $2,340 and conversion costs of $1,350. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process.

Problem (a) How many units are in process at May 31?

Problem (b) What is the unit materials cost for May?

Reference no: EM132958472

Questions Cloud

Distinguish between managerial and economic performance : Discuss why it is preferable to distinguish between managerial and economic performance. Comment on the effectiveness of the use of return on investment
Discuss eeoc v great atlantic and pacific tea co : Discuss EEOC v. Great Atlantic and Pacific Tea Co., 618 F. Supp. 115 does the denial of severance pay violate the ADEA?
How much better is the second contract : You wish to evaluate the two contracts using a required rate of return of 15%. In present value terms, how much better is the second contract?
Difference between the fwc and fwo : What is the difference between the FWC and FWO?
How many units are in process at may : Production records show that there were 500 units in the beginning inventory, 30% complete, How many units are in process at May 31?
Romans in the east after the west collapse : How did Homer's poems, The Iliad and The Odyssey, affect the values of the Ancient Greeks?
What value does the principle bring to practitioners : What is an example of a difficult situation that a practitioner may face related to your selected principle, and what would an ethical response
What does a crm system do : 1. What does a CRM system do? 2. How does it Benefit a Business?
Opportunity for reflective thinking in organizations : This reading discussion is different from the others that you've done in that I'm asking you for your general reaction to the article, nothing more.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How is managerial economics important

How is managerial economics important in the determination-making process of an organization or business?

  How environmental management accounting used to overcome

Discuss how environmental management accounting can be used to overcome the shortcomings of traditional management accounting in dealing

  Compute the underapplied or overapplied overhead

Compute the company's predetermined overhead rate and compute the underapplied or overapplied overhead

  How many meals must be sold to provide an operating income

Variable costs are $2.50 per meal and fixed costs total $75,000. How many meals must be sold to provide an operating income of $25,000?

  Business strategies and corporate strategies

Choose one of the following organizations; FEDEX COMPANY, WELL FARGO BANK, TARGET, GERAL MOTORS CORPORATION, and write a research paper

  Explain what impact do think the form of business

Explain What impact do think the form of business has on the company's accounting, including the presentation of equity accounts in the financial statements?

  Determine cost of completed and transferred-out production

Determine the cost of completed and transferred-out production, the ending work in process inventory , and the total costs assigned by the Rolling Department.

  What is financial disadvantage of accepting special order

What is the financial advantage or disadvantage of accepting the special order from this customer? (Hint, first determine what is relevant and not relevant)

  What are the four main steps of tax administration

Question 1: What are the four main steps of tax administration? Describe what they are and their purpose.

  What total contribution margin should be closest to

If the company sells 8,200 units, its total contribution margin should be closest to?Escareno Corporation has provided its contribution format income statement

  Brunswick parts is a small manufacturing firm located

Brunswick Parts is a small manufacturing firm located in eastern Canada.

  Which function of management involves filling

Which function of management involves filling, and keeping filled, the positions in the organization structure?

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