Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 30,000 were in process in the production department at the beginning of April and 120,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to labor. At the end of April, 41,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to labor. The production department had $425,184 of direct materials and $326,151 of direct labor cost charged to it during April. Also, its beginning inventory included $59,236 of direct materials cost and $22,794 of direct labor.
a)Compute the direct materials cost and the direct labor cost per equivalent unit for the department using the FIFO method
b)Using the FIFO method, assign April's costs to the department's output-specifically, its units transferred to finished goods and its ending goods in process inventory.
What is the annual net cost of a monthly fee of $5, check processing fee of $.25, average 19 checks per month.
wenner furnace corp. purchased machinery for 293700 on may 1 2012. it is estimated that it will have a useful life of
ludwig enterprises makes only one product. the company has a theoretical capacity of 50000 unit annually. practical
exercise 3-42 adjusting entries allentown services inc. is preparing adjusting entries for the year ending december 31
howell corporation produces an executive jet for which it currently manufactures a fuel valve the cost of the valve is
peabody enterprises prepared the following sales budgetmonthbudgeted salesmarch6130april13122may12177june14010the
Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing.
georgia products inc. completed and transferred 187000 particle board units of production from the pressing
average daily sales the chamberlain corporation has an accounts receivable turnover equal to 12 times. if accounts
kaylyn is a 40% partner in the kkm partnership. during the current year, kkm reported gross receipts of $160,0000 and a charitable contribution of $10,000.
In the case of loss contingencies, accrual can be made even if the exact payee and payment date are not known. Losses may be accrued for unasserted claims and other potential unfiled lawsuits.
false value hardware began 2011 with a credit balance of 32000 in the allowance for sales returns account. sales and
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd