What is the ending balance of goods in process inventory

Reference no: EM13129526

"The production department started the month with the beginning goods in process inventory of $350,000. During the month, it was assigned the following costs: direct materials, $192,000; direct labor, $90,000; overhead applied at the rate of 30% of direct labor cost. Inventory with the cost of $325,000 was transferred to finished goods. What is the ending balance of goods in process inventory?"

Reference no: EM13129526

Questions Cloud

Glacial acetic acid is mixed with liquid methanol : Glacial acetic acid is mixed with liquid methanol (nonaqueous). What type of organic reaction can this be characterized as?

Determining surface integrals : Find the surface integral (double integral over S) E dot dS, where S is the cylinder, x^2 + y^2 = 4, z is greater than or equal to 2 and less than or equal to 5, and the vector field F is F(x, y, z) = (0, 0, z^2)

Calculate the net income : Suppose that the hospital achieves 225,000 patient-days but that 25% of the patient-days were self-pay (instead of 20%). Calculate the net income.

Calculating ending inventory : Hassan Headgear is a baseball cap shop in Santa Cruz, CA, that began business on April 13, 2008. The company had the following inventory purchase records for the month.

What is the ending balance of goods in process inventory : "The production department started the month with the beginning goods in process inventory of $350,000. During the month, it was assigned the following costs: direct materials, $192,000; direct labor, $90,000; overhead applied at the rate of 30% o..

How many moles of gas are there in a container : how many moles of gas are there in a 45.0 l container at 25.0 degress celcius and 500.0 mm hg

Reaction of a mixture of organic acids : When calcium carbonate is added to the solution of organic acids, the following compounds form: calcium methanoate salt from the methanoic acid; calcium ethanoate from the ethanoic acid; and calcium phenoxide salt from the phenol.

What molecule releases energy when its bonds are broken : What exactly are myosin, actin, troponin and tropomyosin chemically?, What molecule releases energy when its bonds are broken. Which bonds are broken to release that energy?

Even functions and integrability : Prove that if f(x) is even on [-a, a] and integrable on [0, a] where a>0, then f(x) is integrable on [-a, a] and Int([-a, a], f(x)dx) = 2*Int([0, a], f(x)dx).

User Account

All Pages