Calculate the cost of goods completed

Assignment Help Accounting Basics
Reference no: EM131692573

Question - Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information:

 

units

% complete DM

% complete conversion

work in process, April 1

46,000

55%

39%

units completed during April

68,000

 

 

work in process, April 30

23,000

60%

75%

The cost of beginning work in process and the costs added during April were as follows:

 

DM

Conversion

Total Cost

Work in process, April 1

$66,710

$172,266

$238,976

costs incurred during April

276,850

262,509

539,359

total costs

343,560

434,775

778,335

Calculate the cost of goods completed and transferred out during April using the weighted average process costing method. Do not use decimals in your answer.

Reference no: EM131692573

Questions Cloud

How the xendesktop works as a virtual machine : Lab Report: Explain how the XenDesktop works as a virtual machine. What is a virtual machine? How does this affect your access to files?
Discuss a spiritual guide for guidance and discernment : Private reflection can be followed later by a conversation with a spiritual guide for guidance and discernment
Describe how researcher go about selecting sampling strategy : Describe how researchers go about selecting a sampling strategy. Describe the role that the research question plays when you choose the sample.
Review problem of an international telephone operator : The time it takes an international telephone operator to place an overseas phone call is normally distributed with mean 45 seconds and standard deviation 10.
Calculate the cost of goods completed : Calculate the cost of goods completed and transferred out during April using the weighted average process costing method
Discuss the appropriateness of the research design for study : Discuss appropriateness of research design for study, reliability, validity, sampling methods, and any potential bias. Identify any ethical or diversity issues.
What is the probability that the proposition will pass : The number of votes cast in favor of a controversial proposition is believed to be approximately normally distributed with mean 8,000 and standard deviation.
How technology changed the marketing landscape : Identify and Describe how technology changed the marketing landscape?
Determine the normal distribution of small daily fluctuation : Under the system of floating exchange rates, the rate of foreign money to the U.S. dollar is affected by many random factors, and this leads to the assumption.

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