Process operations system completed

Assignment Help Financial Accounting
Reference no: EM131207997

During March, the production department of a process operations system completed and transferred to finished goods 19,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 28% complete with respect to conversion. Compute the number of physical units transferred to finished goods.

129,000.

110,000.

144,000.

159,000.

105,000.

Reference no: EM131207997

Questions Cloud

Prepare the journal entry to record transaction : On January 1, 2014, Robin Wright Inc. purchased land that had an assessed value of $362,000 at the time of purchase. A $656,000, zero-interest-bearing note due January 1, 2017, was given in exchange. There was no established exchange price for the la..
Product-level activities and customer-level activities : Garmin corporation- Activity-based costing exercise Garmin is a Kansas City Based company that designs and manufacturers GPS Navigation device. For this exercise, list at least 5 potential activities under each of these categories. 1. Unit Level Acti..
Treasury securities are highly liquid-free of default risk : Suppose Hillard Manufacturing sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments. Assume that the real risk-free rate, r*, is 2% and that inflation is expected to be 7% in Year 1, 5..
Using a perpetual inventory system : McCoy Warehouse distributes hardback books to retail stores and extends credit terms of 3/10, n/30 to all of its customers. During the month of June, the following merchandising transactions occurred. Journalize the transactions for the month of June..
Process operations system completed : During March, the production department of a process operations system completed and transferred to finished goods 19,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. Compute the num..
Operations section of the statement of cash flows : Amortization of patents can be added to income in the operations section of the statement of cash flows because: it is not a tax deductible expense. it results in an increase in income. it does not require the outlay of cash. patent amortization is n..
Pine street should sell unfinished or finished bookcases : Pine Street Inc. makes unfinished bookcases that it sells for $59.15. Production costs are $37.97 variable and $9.53 fixed. Because it has unused capacity, Pine Street is considering finishing the bookcases and selling them for $70.65. Variable finis..
Materials variance and the price and quantity variances : The standard cost of Product B manufactured by Pharrell Company includes 3.5 units of direct materials at $5.1 per unit. During June, 27,300 units of direct materials are purchased at a cost of $4.90 per unit, and 27,300 units of direct materials are..
What was the cash collected from customers : Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in inventories of $4,000, and depreciation expense of $4,000. What was the cash collected from customers?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the bank reconciliation

Prepare the bank reconciliation and any required journal entries. From the following data, prepare a bank reconciliation and determine the correct available cash balance for Reed Company as of 2010 October 31.

  Actual expense method for calculating home office expenses

Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square feet) where she meets with clients, prepares bills, and performs other work-related tasks. Her business expenses, other tha..

  Analyzing wendys international''s involvement

The first step to analyzing Wendy's International's involvement with Baja Fresh is to examine the financial information related to the acquisition of Baja Fresh

  Define activity-based costing

Define activity-based costing. Explain why this approach to cost assignments is superior to the traditional method of using a plant wide overhead cost rate. Will activity-based costing always result in lower product costs? Justify your answer.

  Disclosure of depreciation expense in income

disclosure of depreciation expense in income statement.merton company purchased a building at a cost of 364000 on

  Sherlys shipping had sales last year of 10000 the cosr of

sherlys shipping had sales last year of 10000. the cosr of goods sold was 6500 general and administrative expenses were

  Prepare any journal entries for the equipment

Rohan Company purchased equipment in January 2008 for $8,000,000 and had an estimated useful life of 6 years with a salvage value of $2,000,000. At December 31, 2010, new technology was introduced that would accelerate the obsolescence of Rohan..

  Cost of inventory reported on balance sheet

Calculate the cost of inventory reported on the balance sheet. the total merchandise on hand at the end of the year as determined by taking a physical inventory is $62,000, $8,000 has been sold FOB destination and is awaiting pickup by the carrier.

  Question bell video inc bvi is going to be outsourcing its

question bell video inc. bvi is going to be outsourcing its information technology department it. if bvi outsources it

  Rented condominium

Spencer Duck (SSSN 000-22-111) is single and his eight year old son, Mitch, lives with him nine months of the year in a rented condominium at 321 Hickory Drive in Ames, Iowa. Mitch lives with his mom, Spencer's Ex-wife, during the summer months. His ..

  What was capital balance at the end of year

Cleary, Wasser, and Nolan formed a partnership on January 1, 2010, with investments of $100,000, $150,000, and $200,000, respectively. For division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annual c..

  What impact did shortfall in volume have on profitability

Actual fixed costs were $46,000. With everything else held constant, what impact did the shortfall in volume have on profitability for the year?

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