Materials costs of 500000 and conversion costs of 535500

Assignment Help Accounting Basics
Reference no: EM13601161

Materials costs of $500,000 and conversion costs of $535,500 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 100,000 units were started into production in September, and there were 8,000 units in ending work in process that were 40% complete at the end of September.

What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September?

Reference no: EM13601161

Questions Cloud

Ok state corporation has been operating successfully for : ok state corporation has been operating successfully for several years. it is authorized to issue 24000 shares of
Discuss why it is necessary to assume that an economic : discuss why it is necessary to assume that an economic entity will reamin a going concern. if an entity was perceived
You have been hired by the management of alden inc to : you have been hired by the management of alden inc. to review its control procedures for the purchase receipt storage
The sweetwater candy company would like to buy a new : the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping
Materials costs of 500000 and conversion costs of 535500 : materials costs of 500000 and conversion costs of 535500 were charged to a processing department in the month of
Clorox net sales in fiscal 2003 were more than 4 billion : clorox net sales in fiscal 2003 were more than 4 billion and were double the 1997 level and these operations produced
Last month widner corporation generated sales of 800000 and : last month widner corporation generated sales of 800000 and incurred selling and administrative expenses of 320000 half
Outdoor outfitters has created a flexible budget for the : outdoor outfitters has created a flexible budget for the 70000-unit and the 80000-unit levels of activity as shown
Determine the value of ending inventory if the sales value : oregon lumber processes timber into four products. during january the joint costs of processing were 280000. there was

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