Production records show that there were 490 units in the

Assignment Help Accounting Basics

Reference no: EM13585326

The ledger of Custer Company has the following work in process account.

Work in Process-Painting
5/1	Balance	3,760	5/31	Transferred out	?
5/31	Materials	6,800
5/31	Labor	3,710
5/31	Overhead	2,100
5/31	Balance	?

Production records show that there were 490 units in the beginning inventory, 30% complete, 1,580 units started, and 1,530 units transferred out. The beginning work in process had materials cost of $2,820 and conversion costs of $940. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

(a) What is the total cost of units transferred out in May? (Round answer to 0 decimal places, e.g. 1,225.)

The total cost of units transferred out in May

(b) What is the cost of the May 31 inventory? (Round answer to 0 decimal places, e.g. 1,225.)

Work in process

Reference no: EM13585326

Questions Cloud

A study of various news home pages reports that the mean : a study of various news home pages reports that the mean number of bad links per home page is 0.4. if the errors occur

Prepare the stockholders equity section of the c-mobile : c-mobile wireless needed additional capital to expand so the business incorporated. the charter from the state of

Explain the differences between an observation and an : 1 explain the differences between an observation and an inference. relative to what probability means how does this

What are the spins and isospins of all of the possible : 1. consider the decay of the delta baryon into a pi meson and a nucleona. determine whether parity is conserved and

Production records show that there were 490 units in the : the ledger of custer company has the following work in process account.work in

In your own words post what the act says about the nurses : section athe topic is obesity and you are required to submit a minimum of 10 slides ppt including a minimum of 50 words

A professional hockey player played 20 seasons the : question a professional hockey player played 20 seasons. the following table shows the number of games in which he

A resistor ofnbsp368nbspnbspis connected in series with a : a resistor ofnbsp368nbspnbspis connected in series with a capacitor ofnbsp50.0nbspmicrof capacitance.a. a sinusoidal

Determine eventual max min and saddle points in the : 1. show that y2e5x4x is a solution to the differential equation y-5y4-20x2. determine eventual max min and saddle

User Account

All Pages