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In the month of September, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $30,000 of materials costs and $22,500 of conversion costs. Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. During September, 10,000 units were completed and transferred to the finished goods inventory and there were 2,000 units that were 25% complete in the ending work in process inventory on September 30. During September, manufacturing costs charged to the department were: Materials $690,000; Conversion costs $765,000.
The cost assigned to the units in the ending work in process inventory on September 30 was.
topper sports inc. produces high quality sports equipment. the companys racket division manufactures three tennis
Prepare an income statement for the year ended December 31, 20X6, by using direct costing -Compute the number of units in the ending inventory.
actual manufacturing overhead was $181,500. The pre - determined overhead rate for the year must have been
Allie took the land subject to the $100,000 liability and Evaluate what is Allie's basis in the land?
The offer price is for all Adjusting Enteries,Bank reconlilation and financial statement for this assignment..... Plus all extra info last trail balance error cheque account balance was $93410 and Account Recievable $65206.
Assume also that in November 2013 Mike's home was burglarized. Mike's antique music box collection held for investment was stolen. Mike's basis in the collection was $8,000 and it was worth $15,000 at the time it was stolen.
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Prepare the standard cost sheet for the company and compute the direct material price variance, assuming the material price variance is the responsibility of the company's purchasing agent.
Calculating Salvage Value. Consider an asset that costs $640,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $175,000.
Compute the equivalent units of production for each input.
grate care company specializes in producing products for individual grooming. the company operates six divisions adding
Compute the total cost of the work in process inventory on January 31 and compute the cost of jobs completed during January, and present the proper journal entry to reflect job completion.
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