Production beginning inventory 4000 units units started

Assignment Help Accounting Basics
Reference no: EM13587674

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: EM13587674

Questions Cloud

The frequency of a microwave signal is 976 ghz what is its : the frequency of a microwave signal is 9.76 ghz. what is its wavelength in
A certain part of the electromagnetic spectrum ranges from : a certain part of the electromagnetic spectrum ranges from 200 nm to 400 nm. what is the highest frequency associated
What is the distance traveled by a beam of light in a time : what is the distance traveled by a beam of light in a time of 2.0
Calculate the concentration of hydronium ions h3o from the : calculate the concentration of hydronium ions h3o from the measured ph values. express the answer in two significant
Production beginning inventory 4000 units units started : the painting department of the garner manufacturing company has the following production and manufacturing cost data
Without regard to your answer in 2 above assume : wilkins manufacturing uses a job order cost accounting system. on december 1 the company has a balance in work in
An 825-kg space vehicle is circling earth in a circular : an 825-kg space vehicle is circling earth in a circular orbit with a radius of 10300 km. its orbit is to be changed to
Gomez service company paid its first installment on a note : gomez service company paid its first installment on a note payable for an amount of 2000. how will this transaction
Question an aqueous solution containing barium iodide bai2 : question an aqueous solution containing barium iodide bai2 is electrolyzed in a cell containing inert electrodes. the

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