Solution-Prepare schedule of cost of goods manufactured for

Prepare schedule of cost of goods manufactured for the month

Assignment Help Cost Accounting

Reference no: EM132611259

Kaay Company's Cost of Good Sold for the month ended June 30, 1995 was 645,000. Ending Material Inventory was 10% higher than beginning Inventory and Work In Process ending Inventory was 80% of beginning Inventory. Factory overhead applied was 50% of Direct Labour. Other Information pertaining to inventories and production for the month of June, 1995 is as follows:

Beginning Inventories:June 1, 1995

Direct Material Rs. 340,000

Work - In - Process 270,000

Finished Goods 212,000

Material Purchased during the month 328,000

Finished Goods Inventory June 30, 1995 215,000

REQUIRED:

Question A] Prepare Schedule of Cost of Goods Manufactured for the month of June 1995.

Question B] Prepare Schedule to Compute the Prime cost Incurred during the month.

Question C] Prepare Schedule to Compute the Conversion Cost charged to Work- in-Process.

Reference no: EM132611259

Questions Cloud

What maximum amount could marie withdraw each month : What maximum amount could Marie withdraw each month so that her balance never decreases (nearest dollar)?

What is total amount in Common Shares account at December : Berne Ltd. was organized on January 1, 2020, with 300,000 no par value common shares authorized. What is total amount in Common Shares account at December

Compare predictive analytics with prescriptive analytics : Compare and contrast predictive analytics with prescriptive and descriptive analytics. Use examples. Your response should be 250-300 words.

Research within the confines of criminal justice : What is the importance of research within the confines of criminal justice?

Prepare schedule of cost of goods manufactured for the month : Prepare Schedule to Compute the Conversion Cost charged to Work- in-Process. Prepare Schedule of Cost of Goods Manufactured for the month of June 1995.

Describe your concentration in the phd program : Describe your concentration in the Ph.D. program. Then identify 2 Journals in this list in your Concentration and Interest area for the Ph.D.

Compute the net present value for linus company : Compute the net present value for Linus Company if the required rate of return is 10% and the initial investment is $80,000 with the following cash flows

Prepare the journal entries to record pension expense : Prepare the journal entries to record pension expense and the employer's contributions for 2020. Calculate the pension expense to be reported for 2020

Write description of enterprise risk management : Description of enterprise risk management. Why do you feel ERM is different from traditional risk management? APA Format, 1 page.

User Account

All Pages

Prepare schedule of cost of goods manufactured for the month

Reference no: EM132611259

Reference no: EM132611259

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT