The laramie factory produces expensive boots it has two

Assignment Help Accounting Basics

Reference no: EM13600034

The Laramie Factory produces expensive boots. It has two departments that process all the items. During January, the beginning work in process in the tanning department was 40% complete as to conversion and 100% complete as to direct materials. The beginning inventory included $6,000 for materials and $18,000 for conversion costs. Ending work-in-process inventory in the tanning department was 40% complete. Direct materials are added at the beginning of the process. Beginning work in process in the finishing department was 60% complete as to conversion. Beginning inventories included $7,000 for transferred-in costs and $10,000 for conversion costs. Ending inventory was 30% complete. Additional information about the two departments follows: Tanning Finishing Beginning work-in-process units 5,000 4,000 Units started this period 14,000 ? Units transferred this period 16,000 18,000 Ending work-in-process units ? 2,000 Material costs added $18,000 ? Conversion costs 32,000 $19,000 Transferred-out cost 50,000 ?

Required: Prepare a production cost worksheet using weighted-average costing for the finishing department.

Reference no: EM13600034

Questions Cloud

A small inn is purchased for 400000 by paying 20000 down : a small inn is purchased for 400000 by paying 20000 down and taking out a fifteen-year 6 380000 mortgage note from

Calculate the difference between cost of goods manufactured : gravois inc. incurred the following costs during june selling expenses . . . . . . . . . . . . . . . . . . . . . . . .

The maintenance departments costs are allocated to other : the maintenance departments costs are allocated to other departments based on the number of hours of maintenance use by

Compare the mix of assets liabilities capital revenue and : a useful tool in financial statement analysis is the common-size financial statement. what does this tool enable the

The laramie factory produces expensive boots it has two : the laramie factory produces expensive boots. it has two departments that process all the items. during january the

Preparing pro forma income statements with different : preparing pro forma income statements with different assumptions.top executive officers of leach company a

Cowley county hospital uses a job-costing system for all : cowley county hospital uses a job-costing system for all patients who have surgery. in march the pre-operating room

What is cost of goods sold for 2012 d what amount of : hammer inc. had the following activities during 2012 direct materials beginning

Breaky company is launching a new cleaning product for : breaky company is launching a new cleaning product for ceramic vases. the company invests 2900000 in operating assets

User Account

All Pages