What is the total cost of the departmental work in process

Assignment Help Accounting Basics
Reference no: EM132958022

Question - Department J had no work in process at the beginning of the period. 18,000 units were completed during the period, and 2,000 units were 30% completed at the end of the period. The following manufacturing costs were debited to the departmental work in process account during the period (Assume the company uses weighted average method and rounds cost per unit to two decimal places):

Direct materials (20,000 at $5) $100,000

Direct labor 142,300

Factory overhead 57,200

Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the departmental work in process inventory at the end of the period?

Reference no: EM132958022

Questions Cloud

How much cash does each partner receive in final settlement : If the land is sold for $15,000, how much cash does each partner receive in a final settlement? A local partnership is liquidating and has only two assets
Would argue that such a strategy will compound existing : Would or could help or would they argue that such a strategy will only compound existing problems? Explain your answer? Do you agree with the position
How much of the money will each partner receive : How much of this money will each partner receive if profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:3:3 basis, respectively?
Current recruitment and selection process : Critically evaluate both the reliability and the validity of your firm's current recruitment and selection process - Why are both factors critical when
What is the total cost of the departmental work in process : Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the departmental work in process inventory
What is the net present value of cash flows : What is the net present value of cash flows that the company generates over the years? A company XBZ produces coats at 5.5 million units in t= 1
Prepare the bank reconciliation for Moon Corporation : Prepare the bank reconciliation for Moon Corporation for March 31, 2021 using the following information: Bank charged $102 for an NSF cheque
How much better in today dollars is chosen alternative : How much better in today dollars is your chosen alternative? A database marketing firm can lease its computer equipment with beginning-of-quarter
Discuss the reasons for the yearly changes in the data : Discuss the reasons for the yearly changes in the data for AMC Entertainment Holdings in detail. Conduct ratio analysis using matrix table including three 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