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XYZ Company operates two departments, the assembly department and the finishing department. During June, the assembly department reported the following information: units % complete DM % complete conversion work in process, June 1 24,000 75% 40% units completed during June 50,000 work in process, June 30 37,000 80% 20% The cost of beginning work in process and the costs added during June were as follows: DM Conversion Total cost work in process, June 1 $ 43,360 $ 70,000 $113,360 costs incurred during June 529,760 234,220 763,980 total costs 573,120 304,220 877,340Calculate the total cost of the assembly department's work in process inventory at June 30 using the weighted average process costing method.
Suburban Lifestyles, Inc. has manufactured prefabricated houses for over 20 years. The houses are constructed in sections to be assembled on customers' lots. Suburban Lifestyles expanded into the precut housing market when it acquired Fairmont Com..
Cash sales are 30% of total sales and all credit sales are expected to be collected in the month after the sale. What is the total amount of cash expected to be received from customers in May?
moontrust bank has asked the president of wishware products inc. for a budgeted income statement and budgeted balance
Valence Enterprises received a $5,100 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $1,500 and a credit to Service Revenue $1,500.
at the beginning of 2011 the gilbert companys work in process inventory account had a balance of 30000. during 2011
Discuss the internal control weaknesses in the system using the six categories of physical control activities for your analysis.
rothe company manufactures and sells a single product that it sells for 90 per unit and has a contribution margin ratio
at december 31 2010 the trial balance of olpe company contained the following amounts before adjustment.debits
a company had a 56000 unfavorable direct material efficiency variance during a time period when the standard rate per
The single audit requirements apply only to state and local governments. Private not-for-profits do not have to comply with these requirements, even if they receive federal grants.
Show the theoretical understanding of the above stated issues, defining them and using references where required - how the companies are managing their Risk, Short Term Financial Policy,
assume you work as an assistant accountant in the head office of a national movie rental business a la blockbuster inc.
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