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Pacific Ink had beginning work-in-process inventory of $959,660 on October 1. Of this amount, $402,560 was the cost of direct materials and $557,100 was the cost of conversion.The 58,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs.
During October, 122,000 units were transferred out and 40,000 remained in ending inventory.The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,005,200 for direct materials and $3,786,840 for conversion.
Compute the cost of goods transferred out and the cost of ending inventory using the FIFO method. (Round intermediate calculations to 2 decimal places.)
Calculate the prime cost per unit. Calculate the conversion cost per unit. Calculate the total variable cost per unit. Calculate the total product (manufacturing) cost per unit.
Purposed to Choice to designate a team/individual to received image/cd from VA via Fedex, and once received to link with appropriate referral and Veteran information to mail to Choice provider before appointment time.
Jim and Linda are your tax clients. They were divorced two years ago, and the divorce decree stated that Jim was to make monthly payments to Linda. The court designated $300 per month as alimony and $200 per month as child support.
Compute the first year of depreciation expense using straight-line component depreciation.
on february 2007 reflection corporation purchased a parcel of land as a factory site for 50000. an old building on the
Calculate the percentage of each prevention, appraisal, internal failure, and external failure cost to sales for Year 1 and Year 2.
A product improvement effort is underway to improve the reliability of JAWS. The fabrication and installation of the modification kits required to incorporate this product improvement into fielded JAWS should be funded with:
Do you think that Company Z cranked up production output to 2,500,000 units mainly to boost its operating profit for the year?
cosgrove company manufactures two products product k-7 and product l-15. product l-15 is of fairly recent origin having
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations.
Lucy Treasures operates a chain of gift shops. The company pays liability insurance premiums of $2,500 per year for each shop. The managers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis.
Prepare a bank reconciliation for Del Gato Clinic using the following information:
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