User Account

All Pages

What is the total cost transferred out in october

Assignment Help Financial Accounting
Reference no: EM132985043

In October 2010, Tibbetts Company had the following production and cost data:

Beginning inventory units (80% complete as to DM; 45% complete as to DL; 30% complete as to OH) 42,600

October completed production 1,570,000

Units in ending inventory (35% complete as to DM;15% complete as to DL; 5% complete as to OH) 28,400

Beginning inventory cost $458,482

October direct material cost per EUP $10.74

October direct labor cost per EUP $13.88

October overhead cost per EUP $24.80

Problem a. What is the cost of the beginning inventory transferred out in October?

Problem b. What is the total cost transferred out in October?

Problem c. What is the cost of ending inventory at the end of October?

Problem d. What is the total cost to account for during October?

Reference no: EM132985043

Questions Cloud

Quid pro quo harassment-harassment by poisoned work : Explain the difference between Quid Pro Quo Harassment and Harassment by a Poisoned Work Environment. Give an example of both types of Harassment.
What are the main reasons for abc learning collapse : What are the main reasons for ABC learning's collapse?
Discuss whether the events would require disclosure : Discuss whether the events would require disclosure in the financial statements of the RP Group, a public limited company, under IAS 24.
Compute total interest at end of year four and the fv value : Compute total interest at end of year 4 and the FV value at the end of year 4. Bank A: fixed deposit for 4 straight years at 6% simple interest
What is the total cost transferred out in october : What is the cost of the beginning inventory transferred out in October? What is the cost of ending inventory at the end of October?
What is the real rate of return for a t-bill : What is the real rate of return for a T-bill? Assume that the inflation rate during the last year was 1.73 percent. US government T-bills had
Explain the role of the securities and exchange commission : Explain the role of the Securities and Exchange Commission (SEC) as well as with that of the Philippine Stock Exchange (PSE) relative to Secondary Capital
What is the real rate of return for large-cap stocks : The rate of inflation during the last year was 3.52 percent. What is the real rate of return for large-cap stocks? Round the answer to two decimal places
What is opinion on the matter that financial information : As a taxpayer who funds government activities, What is opinion on the matter that financial information should stand alone just like for-profit businesses?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the current and prior year degree

Calculate the current and prior year's degree of financial leverage for your company. What would be your current year's number

  Make a income statement for the month of december

Set up T-accounts for each of the accounts used in part a and post the journal entries to those T-accounts. Income statement for the month of December.

  What is the accounts receivable balance at the end of month

Morganton Company makes one product and it provided the following information to help prepare the master budget for its four months of operations: The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administr..

  How do figure out the weighted average of outstanding shares

How do find out the earnings per share of common stock without the dividends? How do figure out the weighted average of outstanding shares?

  Which of the sources gaap are not developed

Find Which of the sources of generally accepted accounting principles (GAAP) are NOT developed by the Canadian Accounting Standards Board (AcSB)?

  What is the value of one share today

If the firm's discount rate is 8%, what is the value of one share today? A company's dividend this year is $2.25 per share, and dividends are expected to grow

  Identity theft and money laundering

You are looking at fraud in the areas of tax fraud, identity theft, money laundering. You decide to do some research on recent court cases involving

  Compute the total earnings for carrie overwood

Compute the total earnings for Carrie Overwood. Besides her fixed salary of $1,059 per week, her employment agreement provides

  What is the aftertax cost of debt now

What is the aftertax cost of debt now? In addition, the company has a second debt issue, a zero coupon bond with 12 years left to maturity.

  Subject to the underpayment penalty

Judy's estimated tax payments for the current year total $14,000 , and federal income taxes withheld from her salary amount to $12,000. Judy's actual tax liability for the current year is $30,000. Her income was earned evenly throughout the current y..

  Determine the amount of cash collected on a credit sale

Determine the amount of cash collected on a credit sale in the amount of $4,300, subject to 13% HST when $500 worth of merchandise has already been returned

  Prepare a statement of cash flows for each year accounting

Prepare a statement of cash flows for each year accounting period. Received $135,000 cash for providing services to customers.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd