Manufacturing costs beginning work in process inventory of

Assignment Help Accounting Basics
Reference no: EM13587715

The Painting Department of the Garner Manufacturing Company has the following production and manufacturing cost data for September.

Production: Beginning inventory 4,000 units; units started into production 16,000; ending inventory of 5,000 units 20% complete as to conversion costs.

Manufacturing Costs: Beginning work in process inventory of $80,000, comprised of $49,000 of materials and $31,000 of conversion costs. Materials added during the month, $231,000; labor and overhead applied during the month, $94,400 and $50,600, respectively.

Instructions

(a) Compute the equivalent units of production for materials and conversion costs for the month of September.

(b) Compute the unit costs for materials and conversion costs.

(c) Determine the costs to be assigned to the units transferred out and ending work in process.

Reference no: EM13587715

Questions Cloud

Prepare a lease amortization schedule and appropriate : manufacturers southern leased high-tech electronic equipment from edison leasing on january 1 2013. edison purchased
Which cost flow method results in 1 the highest inventory : dunbar distribution markets cds of numerous performing artists. at the beginning of march dunbar had in beginning
As a new employee at canyon rental an outdoor outfitters : as a new employee at canyon rental an outdoor outfitters and supply shop your boss has asked you to look at the
A square loop with sides of length l 407 cm carries : a square loop with sides of length l 40.7 cm carries current i 4.49 a. find the magnitude of the magnetic field from
Manufacturing costs beginning work in process inventory of : the painting department of the garner manufacturing company has the following production and manufacturing cost data
A square loop of wire with a side length of 299 cm carries : a square loop of wire with a side length of 29.9 cm carries a current of 0.401 a. what is the magnetic field in the
The account the following transactions occurred during : the account the following transactions occurred during december the first month of operations for harris company.
Domer corporation is preparing to issue a relatively small : domer corporation is preparing to issue a relatively small amount of securities and does not want to go to the trouble
What are the advantages of working with microscale : what are the advantages of working with microscale equipment as opposed to larger equipment in a williamson ether

Reviews

Write a Review

Accounting Basics Questions & Answers

  Statements related to impairments of investments

Of the following statements related to impairments of investments, which is correct?

  Debt and equity security

Distinguish between accounting treatment for available for sale equity securities and trading equity securities with example.

  How does the company compare in profitability

How does the company compare in profitability with competitors?

  Principal differences between activity-based costing

What are the principal differences between activity-based costing (ABC) and traditional product costing?

  Determine the profit generated by the estimator

Your company completed the site work for the South Pointe office complex. The costs are shown in Figure 11-3. The site concrete labor and landscaping were done by subcontractors.

  Journal entries for issuance-first years interest payments

Calculate the issue price of a $1,500,000 bond issue and prepare the journal entries for the issuance and first years' interest payments (use the effective interest method). Assume the bonds are paid semiannually (June 30 and December 31).

  If the direct labor efficiency variance is unfavorable

Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the direct labor efficiency variance is unfavorable.

  Prepare the entry to record income tax given the following

prepare the entry to record income tax given the following information and show how the related liabilities would be

  Lr plans to prepare a financial analysis that will be used

your firm specializes in providing a wide variety of internal business solutions for different clients. after a weekend

  How many units should be scheduled for production

Assume that the division is using absorption costing and that the divisional manager is giben an annual bonus based on divisional operating income. If Mr Cavalas wants to maximize his division's operating income for the year,how many units should ..

  Describing generally accepted auditing standards

Describe the elements of the Generally Accepted Auditing Standards (GAAS).

  Accounts receivable balance-related audit

How does accounts receivable balance-related audit objectives relate to real life? What I mean is, not in accounting, can you apply these principles to an everyday thing like football or something.

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