The jones manufacturing company produces a single product

Assignment Help Accounting Basics

Reference no: EM13581600

The Jones Manufacturing Company produces a single product in a single processing department. The material is added when 25% of the conversion costs have been added.
The Work-in-Process Inventory account on April 30th includes the following information:
Beginning balance $1,682 ($600 is materials)

Beginning Balance 1682 (600 is materials)
Materials 5325
Labor 10863
Overhead 15012

During the month, the company finished and transferred 72,000 units out of the Work-in-Process Inventory. 9,000 units were in process at the beginning of the month and were 40% complete. 8,000 units were in process at the end of the month, and were 70% complete. The company uses weighted average process costing.
Required (use 4 decimal places for computations):
(a) Compute the equivalent units of production (EUP) for materials and conversion costs in April.
(b) Compute the unit conversion costs and unit material costs for April.
(c) Compute the total cost transferred out of the Work-in-Process Inventory during the month of April.
(d) Compute the cost of the ending inventory for April.

Reference no: EM13581600

Questions Cloud

If fixed costs are 700000 and the unit contribution margin : if fixed costs are 700000 and the unit contribution margin is 14 what amount of units must be sold in order to realize

Harrington company is a us-based company that prepares its : a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance with

Giraldi company has identified that the cost of a new : 1 net annual cash flow can be estimated byadding advertising expense to net income. deducting credit purchases from net

You have just been hired as a management trainee by cravat : you have just been hired as a management trainee by cravat sales company a nationwide distributor of a designers silk

The jones manufacturing company produces a single product : the jones manufacturing company produces a single product in a single processing department. the material is added when

David systems manufactures automated test systems that : david systems manufactures automated test systems that perform quality inspections during and at the completion of the

The total variance is 35000 the total materials variance is : the total variance is 35000. the total materials variance is 14000. the total labor variance is twice the total

U2022 a discussion of the economic factors that you believe : on january 1 2009 carlin corporation issued 2400000 of 5-year 8 bonds at 95 the bonds pay interest semiannually on july

Assume you are setting standard materials costs for a pizza : assume you are setting standard materials costs for a pizza restaurant.use the example of a medium sized cheese pizza.

User Account

All Pages