Beginning balance in the finished goods

Assignment Help Accounting Basics
Reference no: EM13153091

Management of Parrent Corporation has asked your help as an intern in preparing some key reports for April. The company started the month with raw materials inventories of $32,000. During the month, the company made raw materials purchases amounting to $68,000. At the end of the month, raw materials inventories totaled $35,000. Direct labor cost was $43,000 and manufacturing overhead was $62,000. The beginning balance in the work in process account was $19,000 and the ending balance was $12,000. The beginning balance in the finished goods account was $35,000 and the ending balance was $58,000. Sales totaled $240,000. Selling expense was $18,000 and administrative expense was $42,000. The total manufacturing cost for April was. How do you solve it?

Reference no: EM13153091

Questions Cloud

Analysis of the allegory of the cave in relation : What would be a good topic for an analysis of the allegory of the cave in relation to the the history of the world?
Find marginal rate of substitution for indifference curve : show mathematicallt whether the mardinal utility for (X1) and (X2) is increasing or decreasing. Find the Marginal rate of substitution for the indifference curve generated by the utility function.
Define the structure of a conjugated diene : Propose the structure of a conjugated diene (no more six carbons) for which 1,2-addition of HBr produces
Find if two events a-b are mutually exclusive-independent : The events A and B are independent, mutually exclusive or both. If two events A and B are mutually exclusive (A B = ), then they cannot be independent if P(A) > 0 and P(B) > 0. Why?
Beginning balance in the finished goods : The beginning balance in the work in process account was $19,000 and the ending balance was $12,000. The beginning balance in the finished goods account was $35,000 and the ending balance was $58,000. Sales totaled $240,000. Selling expense was $1..
Explain fructose solution with a concentration : Explain fructose solution with a concentration f 80mg/ml, but need to take 3.5L of fructose solution with a concentration of 300 mM.
Probability to enrolled in professor normal-s section : Fifteen weeks later we learn that Jasmine did, indeed, pass the course. What is the probability that she was enrolled in Professor Normal"s section?
Define calcium carbonate reacts with hydrochloric acid : Marble (calcium carbonate) reacts with hydrochloric acid solution to form calcium chloride solution, water, and carbon dioxide. What is the percent yield of carbon dioxide
Annual market rate at the date of issuance : Sears issues bonds with a par value of $138,000 on January 1, 2009. The bond' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance..

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