What is the total cost of units of beginning inventory

Assignment Help Accounting Basics
Reference no: EM131818224

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period:

Work in process, beginning of period

$40,000

Costs added during period:  
   Direct materials (10,400 units at $8)

83,200

   Direct labor

63,000

   Factory overhead

25,000

All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. What is the total cost of 3,600 units of beginning inventory which were completed during the period (round unit cost calculations to four decimal places)?

Reference no: EM131818224

Questions Cloud

Estimate AMRs equity cost of capital and share price : Amarindo, Inc. (AMR), is a newly public firm with 11.0 million shares outstanding. Estimate AMR's equity cost of capital. Estimate AMR's share price.
How does this work create empathy in you : Research, briefly, the context of this author and work. Write at least four sentences about the context andmake sure to properly cite your source.
Sample of students was surveyed at a particular university : A large sample of students was surveyed at a particular university. Among other things, they were asked to report their weight, and how many minutes
Relationship between number of credits taken : If there is indeed a relationship between number of credits taken and hours slept, should we expect it to be positive or negative? Explain.
What is the total cost of units of beginning inventory : What is the total cost of 3,600 units of beginning inventory which were completed during the period
How does stress impact the body : What did the self-assessment tell you about your level of stress? Were you surprised by the results? Explain.
Relationship between two quantitative variables : Find a newspaper article or Internet report about a study that looks at the relationship between two quantitative variables for a larger population
Calculate Red DPAD for the current year : Last year, Red had an NOL of $800,000, which Red elected to carry forward. Calculate Red's DPAD for the current year
Describe the two quantitative variables of interest : Describe the two quantitative variables of interest, and tell which is explanatory and which is response.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Influences of anglo-saxon accounting-continental european

Compare the importance of the influences of Anglo-Saxon accounting and continental European accounting in Eastern Europe and in China during the 1990s.

  Operate business solutions

After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2015, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2015) follows.

  What is its earnings per share

Offshore Ale Company has earnings available to common stockholders of $2 million and has 500,000 shares of common stock outstanding. What is its earnings per share (EPS)?

  Six headings under which costs of department might collected

A large company has a distribution department with its own garages and vehicles.- Suggest six headings under which the costs of the department might be collected.

  Prepare all journal entries related to foreign currency

Prepare all journal entries related to this foreign currency borrowing assuming

  Calculate the amount of fixed selling cost

Using variable costing, Betty's 2018 gross profit was $448,000. Calculate the amount of fixed selling cost incurred in 2018. Do not use decimals in your answer

  Recording journal entries of investments

Prepare journal entries for investments using the fair value and the equity method. How does it relate to the practice of accounting and its uses in business?

  Bethel company owns a machine that can produce two

bethel company owns a machine that can produce two specialized products. production time for product tlx is three units

  Depreciation by using the straight-line method

Henry purchased the building on January 2, 2011 for $800,000. The building is to be depreciated using the straight-line method over a period of 40 years with no salvage value. Depreciation for year 1 is?

  Prepare the journal entry for this sale, assuming

On January 1, 2009 Snow Corporation purchased 20% of the 200,000 outstanding shares of common stock of Garvey Company for $4.00 per share as a long term investment.

  A company had inventory on november 1 of 5 units at a cost

a company had inventory on november 1 of 5 units at a cost of 20 each. on november 2 they purchased 10 units at 22

  Estimate the simple linear regression relationship

Recently, research efforts have focused on the problem of predicting a manufacturer's market share by using information on the quality of its product.

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