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League Inc uses a process cost system to accumulate the costs it incurs to produce aluminum stabilizers from recycled aluminum cans. The July 1 inventory in the finishing department consisted of 63,000 units, fully complete as to materials and 80 per cent complete as to conversion. The beginning inventory cost $288,000 consisted of $216,000 of costs transferred in from the molding department conversion costs (conversion costs are direct labor and overhead). The costs incurred in the finishing department for July appear as follows: Costs transferred from molding department $720,000 (excluding costs in beginning inventory) Costs added in finishing department in July: (Excluding costs in beginning inventory): $63,600 Materials 131,376 Conversion costs $914,976 The finishing department received 120,000 units from the molding department in July. During July, 127,200 units were completed by the finishing department and transferred out. As of July 31, 28,800 units, complete as to materials and 60% complete as to conversion, were left in inventory of the finishing department. a. Using the average cost procedure, prepare a production cost report for the finishing department for July. b. Compute the average unit cost for conversion in the finishing department in June.
which of the following accounts of a governmental unit is credited to close it at the end of the fiscal year?a. reserve
He thinks he should be making $15 per hour for histime. a. Viewing this from a total (multifactor) productivity perspective, what is his productivity at present and with the newpaint?
lagerfield company reported the following results from the sale of 4220 hammers in may sales 198340 variable costs
plano industries uses the weighted-average method in its process costing system. the assembly department of plano
starling corporation exchanges a yellow bus used in its business for robin corporations gray bus and some garage
the percentages in marcs gds for real property were calculated based on the following principlesresidential rental
Radio, TV, and newspaper advertising related to a special fund-raising campaign ran during May. The 7,550 costhad been paid in April.
what are the moral justifications for the free market system? how are they jeopardized by monopolies and oligopolistic
troy and edie are married and under 65 years of age. during 2012 they furnish more than half of the support of their
What is the amount of the loss on impairment that Beehive should recognize at June 30, 2006?
presented below is information taken from a bond investmentamortization schedule with related fair values provided.
Ben's property, which has an adjusted basis of $45,000, is condemned by the state government. The authorities replace his property with other qualified property which cost them $120,000. What is Ben's recognized gain?
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