What are the beginning inventories for work in process

Assignment Help Accounting Basics
Reference no: EM131909746

Question - Sludge, Inc. has an ending work in process inventory of $180 and an ending finished goods inventory of $300. Cost of goods manufactured was $630, and cost of goods sold $540. Production costs incurred during the period were $620. What are the beginning inventories for work in process and finished goods?

Reference no: EM131909746

Questions Cloud

Security issues related to the researched technologies : From the e-Activity, discuss two security issues related to the researched technologies.
What are the critical path and the project completion time : A public accounting firm requires the following activities for an audit: What are the critical path and the project completion time?
Personal experience with the socially constructed category : What is your personal experience with the socially constructed category called "race?" How does race impact your everyday life?
Trustworthy and that both investments carry the same risk : ssume your brother is trustworthy and that both investments carry the same risk. Which investment option will you choose and why?
What are the beginning inventories for work in process : Production costs incurred during the period were $620. What are the beginning inventories for work in process and finished goods
What types of risks should shareholder wealth-maximizing : What types of risks should shareholder wealth-maximizing managers seek to offset in a firm they are managing? Why?
Element of difference between bonds and insurance policies : Explain two key similarities and the major element of difference between bonds and insurance policies.
Positive impact on american society : 7 ways in which rock and roll has had a positive impact on american society since the 1950s.
Find the slack for each activity : A construction project has the following network and activity times: Make a forward pass and a backward pass on the activity times.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the components of the individual tax formula

List and discuss the components of the individual tax formula and what is a question that involves the calculation of taxable income

  Prepare the appropriate journal entries

Prepare all journal entries appropriate to be recorded only during the month of December, 2011 relevant to gift card sales, gift card redemptions, and gift card breakage.

  Heather company uses the weighted-average method in its

heather company uses the weighted-average method in its process-costing system. operating data for the first processing

  What filing status applies to leann for given year

Leann is a 52 year old widow whose husband died in 2015. During 2016, her 17 year old dependent son lived with her for the entire tax year.

  A ampa products entered into a lease agreement with p ampp

a ampa products entered into a lease agreement with p ampp products inc. to purchase a piece of euipment on january 1

  Discuss consult to best determine the allocation bases

Which other parties in a company might we want to consult to best determine the allocation bases that would be most appropriate

  Income data represent data

A marketing agency is interested in the buying habits of those who shop online versus those who shop in person. In your discussion post, address each of the following and explain your reasoning as to why you picked the specific scale:

  What is the amount of the minimum annual lease payment

On January 1, 2008, J & J, signed a 10-year noncancelable lease agreement to lease a storage building from Action Co., What is amount of minimum payment

  A companys sales are 50 in cah and 50 on credit 70 of the

a companys sales are 50 in cah and 50 on credit. 70 of the credit sales are colected in the month of the sale 20 in the

  Explain how net income could increase for nanotech

Explain how net income could increase for NanoTech while its operating cash flows decrease. Your answer should include three illustrative examples

  What was flounder corps times interest earned

In a recent year Flounder Corp. had net income of $157000, What was Flounder Corp.'s times interest earned (rounded) for the year

  Scott company made a 100000 investment in new machinery

scott company made a 100000 investment in new machinery. assuming the companys margin is 4 what income will be earned

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