What is the ending work in process inventory balance

Assignment Help Accounting Basics

Reference no: EM13320566

Crockett Company uses a job costing system and had a beginning work in process inventory balance of $33,200. During the year, $57,000 of direct materials was placed into production. Direct labor was $61,500, and indirect labor was $19,500. Manufacturing overhead is allocated at 130% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year. What is the ending work in process inventory balance?

Reference no: EM13320566

Questions Cloud

Estimate the time between when the concentration ratios : The average volumetric water content is 0.40 over the upper 4 meters and 0.30 over the remaining 3 meters above the water table and the net infiltration rate (Darcy velocity) is estimated to be 22 cm/yr.

Different cultural perspectives begin working on a problem : When people from different cultural perspectives begin working on a problem, they have a hard time seeing each other's point of view and diversity issues keep some work groups from performing at their maximum effectiveness

Discuss how and why actual volume pumped would differ : A cylindrical volume of soil contaminated with trichloroethylene (TCE). It is about 2.5 m deep and about 4.0 m in diameter. The porosity of the soil is approximately 0.25.

The foundation for health and illness : Learning activity is designed to help you gain insights into yourself and also into key socio-medical constructs that are the foundation for health and illness.

What is the ending work in process inventory balance : Crockett Company uses a job costing system and had a beginning work in process inventory balance of $33,200. During the year, $57,000 of direct materials was placed into production.

Prepare flexible budget income statements : Todhunter Publications established the following standard price and costs for a hardcover pic- ture book that the company produces.

The company stock option plan filled out her employee : Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems.

Rules and regulations result in the application of sanction : All societies have rules and regulations in place to maintain control and order over their population. Violations of those rules and regulations result in the application of sanctions. Think of a recent time when you used informal negative san..

Explain the management technique : If a firm decided to reevaluate and reorganize the way it did business, in hopes of creating competitive advantage, by changing or decreasing jobs, the company would be using which of the following management technique?

User Account

All Pages