+1-415-670-9189
info@expertsmind.com
All materials are added at the beginning of the production
Course:- Accounting Basics
Reference No.:- EM13601500




Assignment Help
Assignment Help >> Accounting Basics

Beginning Inventory: units=3,000; material costs=$4,500; conversion costs=$4,800

Started During the
Current Period : units=20,000; material costs=$48,000; conversion costs=$72,100
Ending Inventory : units=2,500

All materials are added at the beginning of the production process. The beginning inventory was 30% complete as to conversion, while the ending inventory was 40% completed for conversion purposes.FIFO Aluminum uses FIFO system of product costing.
Calculate the cost of goods completed and transferred out and the dollar amount in End Work-In-Process.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
On January 1, 2011 Piper Co. issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bo
Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was pa
Provide a concise, professional introduction explaining the purpose of your analysis to your executive. Use basic financial analysis to examine any horizontal changes in Starb
During the year mr. ashok sold his private car for 50000 and this amount invested in business he withdraw from business 1500 per month up to july 31st 2011 and thereafter
First compute the price of the old bonds in the open market. Use the valuation procedures for a bond that were discussed in Chapter 10 (use the annual analysis). Determine t
Describe the key internal control structure policies and procedures related to Grant's property, equipment, and related transactions (additions, transfers, major maintenance
Briefly describe how the following fit into an overall regulatory framework that guides external audits: the Auditing Standards Board's (ASB's) 10 Generally Accepted Auditing
Willoughby Manufacturing pays its direct labor employees $20 per hour. During the current period, 300 direct labor hours were recorded on employee time cards, and the compan