What was the balance of Work in Process as of April

Assignment Help Accounting Basics
Reference no: EM133062797

Question - Selected accounts with a credit amount omitted are as follows:

Work in Process

Apr. 1 Balance 7,600 Apr. 30 Goods finished

30 Direct materials 55,000

30 Direct labor 192,500

30 Factory overhead 57,750

Finished Goods

Apr. 1 Balance 12,000

30 Goods finished 301,500

Required - What was the balance of Work in Process as of April 30?

Reference no: EM133062797

Questions Cloud

What amount should Jan report as escrow accounts liability : Escrow funds are kept in interest-bearing accounts. Interest, less a 10% service fee, What amount should Jan report as escrow accounts liability
Calculate acquisition non-controlling interests : Goodwill impairment tests resulted in losses of $52,200 in Year 4 and $8,700 in Year 9. Calculate acquisition non-controlling interests
What is the Ladies Belt Division return on investment : Leather Goods Corp's average stockholders' equity is P300,000. It is subject to an income tax rate of 40%. What is Ladies Belt Division's return on investment
Calculate the basic and diluted earnings per share : Calculate the basic and diluted earnings per share for years 2014 and 2015 including comparative figures (where relevant)
What was the balance of Work in Process as of April : Selected accounts with a credit amount omitted are as follows: What was the balance of Work in Process as of April 30
Prepare a standard cost card for each product : Production during May 1,500 Alpha6s and 2,000 Zeta7s. Prepare standard cost card for each product, showing standard cost of direct materials and direct labor
Calculate the value of the ending inventory : Baldwin Company had a beginning inventory of $22,000, net sales of $235,000, Calculate the value of the ending inventory using the gross profit method
Calculate total amount to be reported for ending inventory : Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Calculate total amount to be reported for ending inventory
Calculate ending inventory and cost of goods sold for year : During the year, Wright Company sells 400 remote-control airplanes for $100 each. Calculate ending inventory and cost of goods sold for 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