What amount was transferred to finished goods inventory

Assignment Help Accounting Basics
Reference no: EM132616484

Problem - The Finishing Department of Bailey and Watson, Inc., the last department in the manufacturing process, incurred production costs of $310,000 during the month of June. If the June 1 balance in Work-in-Process Inventory-Finishing is $0 and the June 30 balance is $35,000, what amount was transferred to Finished Goods Inventory?

Determine the formula, then enter the amounts to calculate the amount transferred to Finished Goods Inventory.

Reference no: EM132616484

Questions Cloud

Compute the product cost per unit under variable costing : Sea Company reports the following information regarding its production cost. Compute the product cost per unit under variable costing
Prepare balance sheet of new fresh yoghurt as at december : Prepare the balance sheet of New Fresh Yoghurt as at 31 December 2019. Interest due 31 December 2019 of £1,450 has not yet been paid.
Responsibilities for full stack java developer : List out Job Duties and Responsibilities for a Full Stack Java Developer including all below aspects of the project development.
Differences between classes of computers : In this assignment you will be describing the main differences between classes of computers.
What amount was transferred to finished goods inventory : If the June 1 balance in Work-in-Process Inventory-Finishing is $0 and the June 30 balance is $35,000, what amount was transferred to Finished Goods Inventory
Reduce and right-size their information foot-print : Organizations are struggling to reduce and right-size their information foot-print, using data governance techniques like data cleansing and de-duplication.
What is the annual gross income of the server : An average server sells $1400 in a single shift. If the server makes an average of 14% tip of a bill, what is the annual gross income of the server?
Discuss the advantages and disadvantages of stock ownership : Discuss the advantages and disadvantages of stock ownership versus other types of investments. How does stock analysis impact investment performance?
How much depreciation should they recognize in first year : CNN uses straight-line deprecation for all items. How much depreciation should they recognize in the first year

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