Kali manufacturing inc began the year with the

Assignment Help Accounting Basics
Reference no: EM13375523

Kali Manufacturing Inc. began the year with the following.
Units
Beginning work-in-process 20,000 20% complete
Transferred to finished goods 60,000
Ending inventory 10,000 70% complete
Materials are added at the beginning of the process
Required
Calculate the equivalent units for
a. material costs under the weighted average process cost method;
b. conversion costs under the weighted average process cost method;
c. material costs under the FIFO process cost method; and
d. conversion costs under the FIFO process cost method.
Problem 2:
Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.
Production Data units
In process, beginning of month (20% converted) 2000
Started during current month 8000
Completed and transferred to finished goods 5500
In process, end of month (60% converted) 4500
Manufacturing Costs
Work in process, beginning
-Materials \$15,000
-Conversion \$6,450
-Materials \$54,000
-Direct labor cost \$105,000
-Factory overhead cost \$36,150
Required
Prepare a cost of production report for current month. Use Weighted-Ave process costing.

Previous Q& A

1nbsp consider the following cobb-douglas production

1.nbsp consider the following cobb-douglas production function y k12l12 radickla. compute the value of y for k 100

Preparing a

preparing a comprehensive

Aero inc had the following balance sheet at december 31

aero inc. had the following balance sheet at december 31 2011.aero inc.balance sheetdecember 31 2011cash 23210

Prisoners dilemma is a game that has been and continues to

prisoners dilemma is a game that has been and continues to be studied by people from a variety of disciplines from

Questionsuppose the market for semiconductors in the us is

questionsuppose the market for semiconductors in the u.s. is characterized byqd 200 - 40pdemandqs 40 40psupplythe

Assume a manufacturer incurs 2000000 hours of direct

.assume a manufacturer incurs 2000000 hours of direct productive labor in a year at a total direct labor cost of

1nbspnbspnbsp load the blue spruce light up data latest

1.nbspnbspnbsp load the blue spruce light up data latest file through 2013.extract and specify a model that predicts

An essay about the us feds involvement in the great panic

an essay about the us feds involvement in the great panic and discussing the housing bubble and sub prime loans.

Draw an asad diagram which shows what happens if strong

draw an asad diagram which shows what happens if strong growth in ad has pushed actual rgdp to a level above potential

Science of macroeconomicsdata of macroeconomics national

science of macroeconomicsdata of macroeconomics national income money and inflation.test will have 20 sample multiple

Similar Q& A

Cost of the setup mechanics

If the company allocates the cost of the setup mechanics based on the number of setups, the setup costs to be allocated to an order of 300,000 Nurturing Face Cream jar covers for Aristedes Cosmetics Company would be:

Journalize the exchange for hamilton company

Delmar's forklift cost \$33,600, had accumulated depreciation of \$27,600, and has a fair market value of \$3,600. Hamilton's forklift cost \$25,200, had accumulated depreciation of \$21,600, and has a fair market value of \$3,600.

Muriel taxable income

Muriel, age 70 and single, is claimed as a dependent on her daughter's tax return. During 2009, she had interest income of \$2,400 and \$800 of earned income from babysitting. Muriel's taxable income is what?

The state sales tax department for taxes collected

Paid \$436 to the state sales tax department for taxes collected

Determine the value of firms ending wip

Supplemental information shows raw materials purchases of \$60,000, raw materials used in production of \$90,000, direct labor of \$107,000, and manufacturing overhead of \$113,000. You also know that the company's ending work in process was 40% of it..

Effective engagement letter

What items are usually included in an effective engagement letter? Have you seen an engagement letter at your workplace or familiar with one and how are you involved in the process? Please find an engagement letter and comment on it. - Answer 150-..

What is the entry to record lease on books

UUse the present value factors from near the end of your text to perform any necessary present value calculations. What is the entry to record this lease on Hall's books?

Units were started into production in department

How many units were started into production in Department 1?

Case involving a taxpayer

The Federal Circuit Court has ruled that wholesale distribution and retail sales, even of the same product, constitutes distinct businesses. In a case involving a taxpayer from another circuit, the Tax Court has ruled that such costs invariably sh..

Percentage increase or decrease in net sales

Compute the percentage increase or decrease in net sales and also in net income (net loss) from 2005 to 2007. Which item grew faster during this two-year period, net sales or net income (net loss)? Can you offer a possible explanation for these ch..

Set of characteristics of a corporation

A corporation has which of the following set of characteristics? a. Shared control, tax advantages, increased skills and resources b. Simple to set up and maintains control with founder c. Easier to transfer ownership and raise funds, no personal lia..

What are some general and administrative expenses

What are some general and administrative expenses that can appear on a merchandising company's income statement that would not appear on a service company's income statement?