What was the total amount of manufacturing costs assigned

Assignment Help Financial Accounting
Reference no: EM13137214

Materials costs of $300,000 and conversion costs of $321,300 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 100,000 units were started into production in September, and there were 8,000 units in ending work in process that were 40% complete at the end of September.

What was the total amount of manufacturing costs assigned to the 8,000 units in the ending work in process?

Reference no: EM13137214

Questions Cloud

What would be amount in us dollars : If the spot rate in three months was expected to be ¥110/$, what would be the amount in US dollars, covered and uncovered?
The nursing profession : • How did the happenings of the nursing profession impact the origin of this theory?  • What values, evidence, or existing knowledge did the theorist cite to support the theory?  • What was the theorist's motivation behind writing the theory?
What misstatements can appear in the financial statements : If a company does not monitor notes payable for due dates and interest payment dates in relation to financial statement dates, what misstatements can appear in the financial statements?
Congestive cardiac failure : Mr Ward is a 71 year old male who is admitted to your ward after reporting to his local GP that he has been feeling a non-radiating, -heavy- discomfort in the lower retrosternal and epigastric region particularly when he bends over or walks short dis..
What was the total amount of manufacturing costs assigned : What was the total amount of manufacturing costs assigned to the 8,000 units in the ending work in process?
Find probability that car has gas mileage is in value : A standard deviation of 0.6 miles per gallon, find the probability that a car has a gas mileage of between 28.8 and 29.2 miles per gallon.
How should the distribution be treated for tax purposes : Tangelo had $50,000 in accumulated E&P at the beginning of the year, during the year it incurred a $75,000 operating loss, it distributed $65,000 to its sole shareholder, how should the distribution be treated for tax purposes?
What is value of common stock based on market : What is the value of the bond based on the market price of the common stock? What is the value of the common stock based on the market price of the bond?
What are the relevant tax issues for matt : A friend recommends that Matt buy a beach house in order to increase his itemized deductions with the mortgage interest deduction. What are the relevant tax issues for Matt?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How can you validate such a financial statement

4) Comment on the degree to which the statement of revenues, expenditures and other changes in fund balance captures the district's cost of services. How can you validate such a financial statement

  Find the total of account in bad debts expense

Find the total of account in bad debts expense and What's the amount of the adjuster

  Evaluate amount of gross profit

Westgate uses percentage-of-completion method of accounting for long-term construction contracts evaluate amount of gross profit (loss) to be recognized in each of three years.

  Prepare the consolidated financial statements

Prepare the consolidated financial statements for 20X3 using the direct method.

  How much will byters on call profit increase

During March, it made 5,000 service calls. How much will Byters on Call’s profit increase if 160 more service calls are made?

  What caused the change of bank of america corporation

What caused the change of Bank of America Corporation's percentage of the accounts receivable balance to total assets for the last two years?

  Explain the presentation of marketable securities

Explain the presentation of marketable securities in Western's balance sheet at December 31, 2007. In 2008, Western engaged in the following transaction.

  What minimum price would be acceptable

what minimum price would be acceptable? What qualitative factors should Big Al’s considered before agreeing to accept the special order?

  Illustrate what is amount of bob business gift deduction

During the 2011 holiday season, Bob, a barber, gave business gifts to 34 customers. The values of the gifts, which were not of a promotional nature, were as follows: For 2011, illustrate what is the amount of Bob's business gift deduction?

  Calculate the financial ratios for both fiscal years

Fundamentals of Corporate Finance After you have completed your income statement and balance sheet, calculate the subsequent financial ratios for both fiscal years

  Illustrate what might this indicate

An examination of the cost records of the Williams Furniture Company reveals that the materials price variance is favorable but the materials quantity variance is unfavorable by a substantial amount. Illustrate what might this indicate?

  Determine the average manufacturing cost per unit

Determine the average manufacturing cost per unit and What is the amount of ending finished goods inventory?

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