User Account

All Pages

How much materials cost must be charged to jobs for april

Assignment Help Cost Accounting
Reference no: EM132693505

The following information appears on the stock card for material DEF for April, 20C:

Beginning balance: 700 units @ P5;

Purchases:

April 10 - 2,500 units @ P6.00;

April 18 - 2,000 units @ P5.50;

April 27 - 3,000 units @ P5.80.

Issuances:

April 11 - 2,000 units for Job No. 76;

April 15 - 700 units for Job No. 79;

April 20 - 1,500 units for Job No. 75;

April 25 - 600 units for Job No. 79;

April 30 - 1,500 units for Job No. 76.

Problem 1: On April 19, 200 units of the April 18 delivery were returned to the supplier for being defective. Accordingly, a credit memorandum was received from the latter. On April 29, 100 units were returned to the storeroom by the department that made the requisition on April 20. Using the FIFO costing method, how much materials cost must be charged to the jobs for April?

Reference no: EM132693505

Questions Cloud

Journalize the transactions : Journalize the following transactions using the information above if necessary: Jan 15 Declared a $1.05 cash dividend per share to shareholders
Create chart comparing at least 3 leadership theories : Create a chart comparing at least 3 leadership theories presented in this week's reading.
What are the principal activities of purchasing : What are the principal activities of purchasing? Explain some of the factors to consider in selecting a supplier.
Describe physical distribution system : Describe its physical distribution system (from wheat production to bread consumption). Describe each components of a physical distribution system
How much materials cost must be charged to jobs for april : Stock card for material DEF for April. Using the FIFO costing method, how much materials cost must be charged to the jobs for April?
Supply chain disruptions inflicted by disasters : In spite of numerous supply chain disruptions inflicted by disasters including the eruption of a volcano in Iceland, earthquake and tsunami in Japan,
Find the units cost in each completed job must be : Find The units cost in each completed job must be. Job 72 is special in nature because of its strict specifications. Factory overhead is charge at P.40 per unit
Retention and motivation plan : Identify how neuroscience might help you with the retention and motivation plan
Compute diluted earnings per share : Compute diluted earnings per share for 2020, assuming the same facts as above, except that $50,000,000 of 6% convertible preferred stock

Reviews

Write a Review

Cost Accounting Questions & Answers

  What should the taxable selling price be

The entrepreneur aims for a profit of 5,000 euros per month. What should the taxable selling price be for this to happen with a monthly sale of 3,500 units?

  Prepare separate entries for transaction for leinert company

Prepare separate entries for transaction for Leinert Company. The merchandise purchased by Meredith on June 10 had cost Leinert $5,000.

  Determine interest holder must consolidate variable interest

Determine an interest holder must consolidate a variable interest entity is made?Every time the cash flows of the variable interest entity change.

  Journalize the september transactions - rand equipment

Prepare a trial balance at September 30, journalize and post adjusting entries and prepare an adjusted trial balance.

  Prepare the cost of goods sold schedule for the quarter

Peter Production Ltd., Prepare the Cost of Goods manufactured schedule for the quarter. Prepare the cost of goods sold schedule for the quarter.

  Review the term joint cost and discuss how firms manage them

Review the term "joint costs" and discuss how firms manage them? Provide at least three examples of firms which must account for joint costs. Be sure to discuss byproducts and how they are accounted for.

  Estimate the total variable electricity costs

Estimate the total variable electricity costs and fixed electricity costs if 4,800 machine hours are projected to be used next month.

  How would you respond to morris solution to pricing problem

How would you respond to Morris' solution to the pricing problem? Please explain your reasoning - how might target costing be used to help solve this pricing dilemma?

  Determine and interpret the net present value

If the NPV of this proposed idea is R0 based on a required rate of return of 15%, would you recommend the company to go-ahead with the decision?

  Define conversion costs if waterways used fifo

Stage of completion for labor and overhead (a) Prepare a production cost report for Waterways using the weighted-average method. (b) Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average.

  Find the cost of goods sold for the month of august

During August, Altamont Machine Company started production orders 118, 117, and 118. Determine the cost of goods sold for the month of August

  Determine and interpret the internal rate of return

Determine and interpret the internal rate of return (IRR) for the project. Determine and interpret the net present value (NPV) of the project

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