User Account

All Pages

Determine the cost of goods sold for august

Assignment Help Accounting Basics
Reference no: EM131553399

Question: Wasik Company had the following inventory balances at the begin-ning and end of August 2010: August 1 August 31Raw Material Inventory $ 58,000 $ 84,000Work in Process Inventory 372,000 436,000Finished Goods Inventory 224,000 196,000All raw material is direct to the production process. Th e following information is alsoavailable about August manufacturing costs:Cost of raw material used $612,000Direct labor cost 748,000Manufacturing overhead 564,000

a. Calculate the cost of goods manufactured for August.

b. Determine the cost of goods sold for August.

Reference no: EM131553399

Questions Cloud

Identify the types of knowledge and skills : Identify the types of knowledge, skills, and abilities that staff need to work with offender in community-based corrections
Ongoing program of employee survey research : Ongoing program of employee survey research should be a prominent part of any human resource strategy. Discuss.
Evaluate the relative success of suicide terrorism as used : Evaluate the relative "success" of suicide terrorism as used by a group or in a case. Has this been overemployed?
What is colorism : What is colorism? How did this idea develop, and what are its roots?What are some examples of colorism within today's overall American society?
Determine the cost of goods sold for august : Wasik Company had the following inventory balances at the begin-ning and end of August 2010: August 1 August 31Raw Material Inventory $ 58,000 $ 84,000.
Summarize the research source historical context : Summarize the research source's historical context, the research method, and how you located the research source. What is the historical context
Project total depreciation expense for year : Compute the average useful life that Techtronics used for depreciation in 2010. Project total depreciation expense for Year 1 using the following steps:
Which of these is the hardest to prove exists in society : which of prejudice, discrimination or racism is easiest to prove exists in society and why? In 2017, which of these is the hardest to prove exists in society
Company is expected to have earnings : A company is expected to have earnings of $1.39 per share in one year, what is a fair value for this stock today?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd