What was the cost of the units in process

Assignment Help Accounting Basics
Reference no: EM132102542

Question - Department A had 4,452 units in work in process that were 80% completed as to labor and overhead at the beginning of the period, 27,136 units of direct materials were added during the period, 29,572 units were completed during the period, and 2,016 units were 39% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process at a cost of $13,451. Direct labor was $27,995 and factory overhead was $4,658. What was the cost of the 2,016 units in process at the end of the period if the first-in, first-out method is used to cost inventories?

Reference no: EM132102542

Questions Cloud

Explain what personal involvement in leadership means : Explain what personal involvement in leadership means. Why is being personally involved important?
You apply the suggestions around power in negotiations : How can you apply the suggestions around power in negotiations discussed in Getting to Yes in your work as an internal consultant?
What pension liability should this company report : Both actual and expected earnings on plan assets are 8 percent. What pension liability should this company report on its December 31
Form vs. function debate applies in many arenas in business : The "form vs. function” debate applies in many arenas in business, including marketing.
What was the cost of the units in process : What was the cost of the 2,016 units in process at the end of the period if the first-in, first-out method is used to cost inventories
Variability is nonrandom on several occasions recently : Analysis of the output of a process has suggested that the variability is nonrandom on several occasions recently.
What are the morphology and location of mirror neurons : Mirror neurons have a distinctive shape and a specific location in the brain. What are the morphology (shape) and location of mirror neurons?
How will staffing management need to be accounted : How will staffing, compensation, employee relations,training, and performance management need to be accounted for differently in the HR plan?
You are new hire in our leading consulting firm : You are a new hire in our leading consulting firm. We have been contacted by numerous firms lately who are having similar problems.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the effect on the company expected profits

Calculate the effect on the company's expected profits for the current year, and calculate the new break-even point.

  Prepare an income statement for the month of june

b. Prepare an income statement for the month of june if net income is$4,500. Prepare a balance sheet at june 30,2017, given cash at hand at $8,100

  What is the current year budgeted profit

The manager of the Spartanland restaurant is developing the operating budget for next year, What is the current year's budgeted profit (loss)

  Appropriate journal entry relative to uncollectible accounts

1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. 2. Show the year-end balance sheet presentation for accounts receivable.

  Calculate the issue price if the market rate is six percent

If market rate is 6 percent, calculate issue price. If market rate is 7 percent, calculate issue price. If market rate is 8 percent, calculate the issue price.

  What is the amount of ending inventory

A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31.

  Obligations of the conceptual framework of accounting

Prepare a comprehensive report directed to an Australian ASX Top 100 listed corporation detailing a critical analysis of the effectiveness of the corporation

  Calculate the numerator of the city operating margin

(Computation of a government's operating margin) Following is an excerpt from a city's General Fund statement of revenues, expenditures.

  What journal entries should be recorded by sandy company

From the lessee's viewpoint,what kind of lease is the above agreement. What journal entries should be recorded by Sandy Company for all of 2004

  Write summary on reporting entities

For many reporting entities, leasing is an important way to obtain access to property. It allows lessees to finance the use of necessary assets.

  Enterprise system development life-cycle

Information-gathering (5 points). Describe the information-gathering methods that can be used in analyzing requirements. This is about how to gather requirements and not requirements themselves.

  Prepare a classified balance sheet in good form

Using the information given below, prepare a classified balance sheet in good form for Babic Company at December 31, 2010.

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