What was the balance in work in process inventory account

Assignment Help Accounting Basics
Reference no: EM13135866

On June 1, 2012, Dalton Production Company had beginning balances as shown in the T-accounts below. Materials inventory Work in process inventory Finished goods inventory Manufacturing overhead 10,000 20,000 25,000 41,000 During June, the following transactions took place: June 2: Issue $2,400 of direct materials and $200 of indirect materials to production. June 13: Pay $7,500 of direct factory labor cost, and $14,100 of indirect factory labor cost. Following these transactions, what was the balance in the Work in process inventory account?

$29,900
$ 9,900
$44,200
$22,200
None of these is correct

Reference no: EM13135866

Questions Cloud

How many moles of the nonelectrolyte should dissolve : How many moles of the nonelectrolyte, propylene glycol(C3H8O2) should be dissolved in 800.0g of water to prepare a solution whose freezing point is -3.73C? For water, Kfis 1.86C m-1 and Kb is 0.51C m-1.
What is the balance in work in process inventory : At the beginning of 2011, the Taylor Company's work in process inventory account had a balance of $30,000. During 2011, $68,000 of direct materials were used in production, and $66,000 of direct labor costs were incurred. Manufacturing overhead in..
Explain concept of regression analysis and its types : Explain the concept of "Regression Analysis", its types (3 types at least), applications and usefulness. Provide real application of its usage. Some times, Maximum likelihood estimation is not applicable, Explain and provide an example?
What is the depreciable basis for the office equipment : Barber Corporation purchased all the assets of TECO Corporation for $1,820,000. An appraisal yielded the following: the building had a fair market value of $1,200,000; equipment a value of $1,000,000; and office equipment a value of $400,000. Wha..
What was the balance in work in process inventory account : On June 1, 2012, Dalton Production Company had beginning balances as shown in the T-accounts below. Materials inventory Work in process inventory Finished goods inventory Manufacturing overhead 10,000 20,000 25,000 41,000 During June.
Test the instructor-s claim at a level of significance : 24 of the students in the sample received an "A". Test the instructor's claim at a 5% level of significance. What is your conclusion?
How many moles of h2so4 are present : A sample of H2SO4 contains 1.11 grams of H (1.01 g/mol). How many moles of H2SO4 (98.02 g/mol) are present?
Evaluating capital investment proposals : The methods of evaluating capital investment proposals can be grouped into two general categories that can be referred to as (1) methods that ignore present value and (2) present values methods.
How much nitrogen is consumed : 2 FeS + 3 N2 → 2 FeN + 2 SN2 This reaction has a 65.0% yield. How much N2 is consumed if 13.6 g of FeN are produced?

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