London-based producer of a patented anti-microbial dental

Reference no: EM13771988

Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at the beginning of the production process, but considerable processing time is needed to create the anti-microbial qualities of the specially designed floss. Howorth measures output in meters of floss and applies the weighted-average process costing method. The following information is available for a recent period
Beginning work in process inventory:
140,000 meters at a cost of:
$46,200 for direct materials, $24,900 for direct labor, and $24,900 for factory overhead.
The conversion process was 55% complete.
Units started into production: 260,000 meters
Units completed and transferred to finished goods: 380,000 meters

Ending work in process inventory: 20,000 meters, 35% COMPLETE

Additional costs incurred during the period:
Direct materials, $85,400
Direct labor, $98,200
Factory overhead, $98,600

A.)Prepare a cost of production report for Howorth for September
B.)Prepare journal entries to reflect the transfer of completed units to finished goods.

Reference no: EM13771988

Questions Cloud

Research a product liability case-the hazard or damage cause : Research a product liability case and share it with the class. Discuss the issues, including the hazard or damage caused by the product, and the compensation. Please connect your discussion with the health and safety theories and practices you are..

Create a query using the traditional join method : Using the BOOKS and PUBLISHER tables, create a query using the traditional join method that will return a list containing the book title, publisher contact person, and publisher phone number for all publishers whose publisher name starts with an ‘..

Percentage return on the position : A speculator sells a stock short for $55 a share. The company pays a $2 annual cash dividend. After a year has passed, the seller covers the short position at $45. What is the percentage return on the position (excluding the impact of any interest..

Using the indirect method, compute the net cash : 1. Using the indirect method, compute the net cash provided by operating activities for Year 2.2. Prepare a statement of cash flows for Year 2.3. Compute the free cash flow for Year 2.4. Briefly explain why cash declined so sharply during the year.

London-based producer of a patented anti-microbial dental : Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at the beginning of the production process, but considerable processing time is needed to create the anti-microbial qualities..

General principles for design of warning labels : Select a warning label. Evaluate it with respect to general principles for design of warning labels. How could you improve the design?

Research aspects of biology : Discuss how or if the scientific knowledge about the topic covered in the article affects you directly or indirectly.

What prices will the monopolist set when she can discriminat : A movie monopolist sells to college students and other adults. The demand function for students is Qds=2000-25P, and the demand function for other adults is Qds=2400-25P. Marginal cost is $6 per ticket. Instructions:Round your answers to 2 decimal pl..

Batch of standard chips is converted into standard memory : In module assembly, each batch of standard chips is converted into standard memory modules at a separately identified cost of $1,000 and then sold for $8,500. Each batch of deluxe chips is converted into deluxe memory modules at a separately identifi..

User Account

All Pages