Inventory complete for materials and conversion costs

Assignment Help Accounting Basics
Reference no: EM131758250

A tennis ball maker gives us its data for the year:

WIP Inventory, January 1 0 units
Units started 8,500 units
Units completed and transferred out 5,600 units
WIP Inventory, ending 2,900 units
Direct materials $14,778
Direct labor $6,500
Manufacturing Overhead $5,611

Units in ending WIP Inventory were 90% complete for materials and 60% complete for conversion costs. On December 31, the total costs of units complete and transferred would be closest to

A. $7,569.

B. $14,361.

C. $29,325.

D. $19,320.

Reference no: EM131758250

Questions Cloud

Discuss standard cost to make one unit of product includes : Assume that the standard cost to make one unit of product includes 15 units of raw materials at a price of $3 per unit
Describe the motivation process : Can you help me with these questions? 1. Why do managers need to understand the needs of their employees?
Identify the unusual point in the scatterplot : Drilling down beneath a lake in Alaska yields chemical evidence of past changes in climate. Biological silicon, left by the skeletons of single-celled.
Describe the cardiovascular disease process : Describe the cardiovascular disease process. List and explain the two types of diabetes. How are they different? How are they the same?
Inventory complete for materials and conversion costs : Units in ending WIP Inventory were 90% complete for materials and 60% complete for conversion costs
Create a metaphor or analogy that captures the essence : Create a metaphor or analogy that captures the essence of the major lessons learned in the BBA program (e.g., business administration is like . . .).
Discuss the importance of students as customers : Students as customers A high school's student newspaper plans to survey local businesses about the importance of students as customers.
Coca-cola company international communications : Describe The Coca-Cola company's international communications efforts and how they help the company grow.
Find two works of artin the china collection : Find TWO works of artin the China collection that you like. Describe them briefly and specifically, including both their similarities and their differences.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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