Assuming that all direct materials are placed in process at

Assignment Help Accounting Basics
Reference no: EM13592101

Department G had 3,300 units, one-third completed at the beginning of the period, 13,843 units were completed during the period, 1,772 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:

  • Work in process, beginning of period $28,550
  • Costs added during period:
  • Direct materials $110,223
  • Direct labor $73,482
  • Factory overhead $24,494

a) Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of the departmental work in process inventory at the end of the period?

b) Assuming the same as above, what is the total cost of 3,600 units of beginning inventory which were completed during the period?

c) Assuming the same FIFO method, what is the total cost of the units "started and completed" during the period?

Reference no: EM13592101

Questions Cloud

Nutritional tables give the potassium content of a : nutritional tables give the potassium content of a standard apple as 159 mg. there are about 3 appleslb. how many
Mcintosh enterprises produces giant stuffed bears each bear : mcintosh enterprises produces giant stuffed bears. each bear consists of 12 of variable costs and 9 of fixed costs and
On the first day of the current fiscal year 2000000 of 10 : on the first day of the current fiscal year 2000000 of 10 year 7 bonds with interest payable annually were sold for
The cardinal company had a finished goods inventory of : the cardinal company had a finished goods inventory of 55000 units on january 1. its projected sales for the next four
Assuming that all direct materials are placed in process at : department g had 3300 units one-third completed at the beginning of the period 13843 units were completed during the
Fashion jeans inc sells two lines of jeans simple life and : fashion jeans inc. sells two lines of jeans simple life and fancy life. simple life sells for 85.00 a pair and fancy
Declared the annual 2011 10 per share dividend on preferred : elizabeth company reported the following amounts in the stockholders equity section of its december 31 2010 balance
Wenner furnace corp purchased machinery for 421290 on may 1 : wenner furnace corp. purchased machinery for 421290 on may 1 2012. it is estimated that it will have a useful life of
The common stock of warner inc is currently selling at 110 : the common stock of warner inc. is currently selling at 110 per share. the directors wish to reduce the share price and

Reviews

Write a Review

Accounting Basics Questions & Answers

  Finished-goods inventory cost under absorption costing

What is the ending finished-goods inventory cost under absorption costing?

  The executive officers of rouse corporation have the

the executive officers of rouse corporation have a performance-based compensation plan. the performance criteria of

  Crinks corporation uses direct labor-hours in its

crinks corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year the

  If there are 3 partners in a partnership each contributing

if there are 3 partners in a partnership each contributing 10 000 each in their business and they each agree to share

  How many units should lewis hats produce in april

Lewis has 80 pounds of straw and 40 hats in beginning inventory and wants to have 50 pounds of straw and 60 hats in ending inventory. How many units should Lewis Hats produce in April?

  Fabricator inc a specialized equipment manufacturer uses a

fabricator inc. a specialized equipment manufacturer uses a job order costing system. the overhead is allocated to jobs

  Do you agree with the efficiency expert that in order to

this case concerns the restaurant owner who has the good idea of putting a rack of peanuts at one end of his counter.

  Define the nature of the public accounting market in terms

define the nature of the public accounting market in terms of firms clients regulation in any country that you

  During the year johnson co repurchased 100 shares of its

during the year johnson co. repurchased 100 shares of its common stock and subsequently resold those shares at an

  What is cash from operating activitieswhat is the most

the following information is available for toker companydec 31 2014dec 31 2013cash140000 97000retained

  In additions assume that anheuser-busch inbev sold 200

anheuser-busch inbev companies inc. reported the following operating information for a recent year in millionsnet sales

  Jill is considering making a donation to her church she

jill is considering making a donation to her church. she wants to give 50000 for the new church building. she has some

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