Missing amounts for work in process-roasting department

Assignment Help Financial Accounting
Reference no: EM131221714

Fresh Mountain Coffee Company roasts and packs coffee beans. The process beings by placine cofee bansd int othe Roasint Deprmtne. from the Roasting department coffee banes are then transferred to the pakcing department. The following is a partial work in process account of the roasting department

Bal. 1500 units Balance, Debit 6150j

Direct Materials, 22300 untis credit 86970 debit 93120

Direct Labor deit 11900 credit 105020

Factory Overhead debit 5772 credit 110792

Goods transferred 21700 units

Bal Units 40% completed

Instructions

Prepare a cost of production report, and identify the missing amounts for worrk in process-roasting department

Reference no: EM131221714

Questions Cloud

Filmmaking techniques used in the movies : What are some of the filmmaking techniques used in the movies - camerawork (cinematography), the editing (montage), and the sound (this can include the music)? What are some general conclusions about the work of the director and one of the main ch..
Show what happens to output and inflation over time : Show what happens to output and inflation over time.  - Discuss the pros and cons of raising the interest rate in response to the shock.
Ec library business research guides : Use the EC Library Business Research Guides to locate an article that addresses issues dealing with a business associated with your topic and addresses the responsibility a business has to its customers. Select a peer-reviewed research-based artic..
Cash provided by operating activities : The Watch Shop earned net income of $71,000 after deducting depreciation of $8,000 and all other expense. Current assets decreased by $7,000, and current liabilities increased by $9,000. How much was The Watch Shop's cash provided by operating activi..
Missing amounts for work in process-roasting department : Fresh Mountain Coffee Company roasts and packs coffee beans. The process beings by placine cofee bansd int othe Roasint Deprmtne. from the Roasting department coffee banes are then transferred to the pakcing department. Prepare a cost of production r..
What coping skills may help the client remain sober : Develop a sobriety card that contains people and resources the client (Jed) could call if he felt he was were at risk to relapse. (e.g., sponsor, family members, crisis hotline) Include why that person/resource should be included.
Firm sold buildings and equipment during the year : The comparative balance sheets of Dearing Incorporated show a year-end balance in the Buildings and Equipment account at cost of $17,369 million; a year earlier, the balance was $16,825 million. The income statement indicates a depreciation charge of..
Receive smallville acceptance of the acme : Despite these defects, ACME did in fact receive Smallville's acceptance of the ACME offer on May 17th. Please respond to the following questions in your posts and respond to other students' original posts.
Comprehensive problem : Whitelands Consulting, Inc. began business on January 1, 2015. It sold $100 of stock to its investors on that day in exchange for cash. This American company lists and trades its stock on the New York Stock Exchange. Identify Whitelands as a sole pro..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the entry to record the revaluation

A French company reporting using IFRS purchased its only building on January 1, 2009, for €20,000,000. The building has a 20-year useful life with no net salvage value. The building is being depreciated on a straight-line basis. Assume the company in..

  Prepare an income statement and balance sheet

Prepare an income statement and balance sheet, in good format, based on Formats of Financial Statements. -After you have completed the two statements, comment on the success of the company.

  What is the current ratio

1. SDJ, Inc., has net working capital of $1,490, current liabilities of $4,660, and inventory of $1,845. What is the current ratio?

  Prepare an income statement for the month ending

Prepare an income statement for the month ending April 30, 2004 - accounting records of Mata Hari Realty Inc. as of April 30, 2004.

  Straight-line depreciation method for all equipment

New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $590,000. The ovens originally cost $789,000, had an estimated service life of 10 years, and an estimated residual value..

  Firms average total cost and marginal cost

Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following: the firm's AFC (average fixed cost); the firm’s AVC (average variabl..

  Under traditional accounting methodology

Under traditional accounting methodology, historical cost is the accounting evaluation tool. However, when consolidations are implemented, the fair market value is used. hy is it important that consolidations prescribe to fair value?

  Prepare a balance sheet

Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also, separate the current liabilities from the non-current liabilities and provide a total for each.

  Long-term capital gain and short-term capital loss

In the current year, Tanager Corporation (a C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tanager had a long-term capital gain of $55,000 and a short-term capital loss of $40,000.

  What is the probability that the storage unit complex

What is the probability that the storage unit complex will take between 20 and 25 days to construct?

  Question1 the project is based upon you finishing the

question1 the project is based upon you finishing the bellwether garden supply bgs. this project will need to you to

  Required rate of return on the stock

A stock you are evaluating just paid an annual dividend of $3.40. Dividends have grown at a constant rate of 2.1 percent over the last 15 years and you expect this to continue. If the required rate of return on the stock is 16.5 percent, what should ..

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