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Problem - Process cost journal entries - The cost of materials transferred into the Filling Department of Rose Petal Lotion Company is $18,400, including $6,900 from the Blending Department and $11,500 from the materials storeroom. The conversion cost for the period in the Filling Department is $4,534 ($2,160 factory overhead applied and $2,374 direct labor). The total cost transferred to Finished Goods for the period was $23,269. The Filling Department had a beginning inventory of $1,100.
a. Journalize (1) the cost of transferred-in materials, (2) conversion costs, and (3) the costs transferred out to Finished Goods.
b. Determine the balance of Work in Process-Filling at the end of the period.
Calculate the product cost of the Road, Trek and BMX bicycles. Explain the concept of ABC, including its benefits and limitations.
Marilyn's basis in the partnership interest was $80,000 before the distribution. What is Marilyn's basis in the inventory, land, and partnership interest following the distribution?
nelson and a few friends invest 50000 to open genie car wash and the business issues common stock to the stockholders.
joes supply co. has the following transactions related to notes receivable during the last 2 months of 2014. nov. 1
Analyze the effects of the global disaster on the financial statements of your chosen company using the financial information from your company
Tristar Production Company began operations on September 1, 2013. Listed below are a number of transactions that occurred during its first four months of operations.
Journalize the entries to record the transactions, and post to the eight selected accounts. No post ref is required in the journal.
If the company uses the straight-line method of depreciation, what will be the depreciation expense for the machine in 2015
Conrad received a $9,000 cash distribution with respect to his Sterling stock. Compute Conrad's basis in his Sterling stock on January 1
Prepare the department's equivalent units of production with respect to direct materials under each of three separate assumptions using weighted average method.
On June 1, Stichum Company issued an additional 25500 common shares. Compute the basic earnings per share of common stock. Round your answer to the nearest cent
What are the distinguishing characteristics between a public charity and a private foundation
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