User Account

All Pages

Journalize for the Rolling Department the cost

Assignment Help Accounting Basics
Reference no: EM132715231

Problem - Process cost journal entries - In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $3,000,000. The conversion cost for the period in the Rolling Department is $462,600 ($275,000 factory overhead applied and $187,600 direct labor). The total cost transferred to Finished Goods for the period was $3,392,400. The Rolling Department had a beginning inventory of $163,800.

Required -

a. Journalize for the Rolling Department (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods.

b. Determine the balance of Work in Process-Rolling at the end of the period.

Reference no: EM132715231

Questions Cloud

Leadership traits and gender studies : There are five basic approaches to Leadership: Trait approaches (Leadership traits and Gender studies)
What are characteristics of critical thinker : What are characteristics of critical thinker? What do you see as common barriers to critical thinking and how might people overcome or avoid those barriers
Paradigms shifts in information technology history : According to your readings, cloud computing represents one of the most significant paradigms shifts in information technology history,
Explain the rationale for principles to a colleague : The Privacy Act (1988) is based upon ten principles. How would you explain the rationale for these principles to a colleague?
Journalize for the Rolling Department the cost : Journalize for the Rolling Department (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods
Create a playable digital pet : Create a playable digital pet - an SVG representation of the digital pet and an interface for starting/restarting/controlling the game actions
Mobile device forensics : Do you think it's important (both personally and for the mobile device forensics field) to have a document such as the Guidelines on Mobile Device Forensics?
Problem-solving techniques that can be used by teams : Explain two problem-solving techniques that can be used by teams.
Mobile devices in our society : We learn from our readings that the use of mobile devices in our society today has indeed become ubiquitous.

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