Manufacturing co had 500 units three fifths completed in

Assignment Help Accounting Basics
Reference no: EM13597421

Manufacturing co. had 500 Units, three fifths completed, in process at the beginning of the month. During the month, 2,000 units were started in process and finished. There was no work in process at the end of the month. Unit cost of production for the month was $1.20 . Costs for materials, labor and factory overhead incurred in the current month totaled $2655.Caculate the unit cost for the prior month.

Reference no: EM13597421

Questions Cloud

Assume the following facts brett farvrvee sold a : assume the following facts. brett farvrvee sold a commercially rented warehouse for 200000 on january 15 2012. assume
U-build it warehouse issues a 45-day note for 800000 to : u-build it warehouse issues a 45-day note for 800000 to thomson home furnishings co. for merchandise inventory. thomson
Mikhail chordan purchased a piece of gold furniture worth : mikhail chordan purchased a piece of gold furniture worth 278000 for his office on october 15 2012. assuming i mikhail
Dec312009 xcorp had os 180000 shares of cs net income for : dec.312009 xcorp. had os 180000 shares of cs. net income for 2010 was 285000. outstanding options issued july 12010 to
Manufacturing co had 500 units three fifths completed in : manufacturing co. had 500 units three fifths completed in process at the beginning of the month. during the month 2000
Mommy hilton owns a mansion in florida which she purchased : mommy hilton owns a mansion in florida which she purchased for 1600000 on june 1 1998. on june 2 2012 mommy gifts the
Using the high-low method separate each mixed expense into : frankel ltd. a british merchandising company is the exclusive distributor of a product that is gaining rapid market
Botticelli inc was organized in late 2008 to manufacture : botticelli inc. was organized in late 2008 to manufacture and sell hosiery. at the end of its fourth year of operation
Abc company accepted a national credit card for a 3000 : abc company accepted a national credit card for a 3000 purchase. the cost of the goods sold is 2400. the credit card

Reviews

Write a Review

Accounting Basics Questions & Answers

  The conversion of preferred stock might be recorded by

the conversion of preferred stock may be recorded by thea. market value method.b. par value method.c. book value

  Equivalent units for conversion costs

Equivalent units for materials total 20,000. There were 16,000 units completed and transferred out. Equivalent units for conversion costs equals 18,000. How much are the physical units for conversion costs if ending work in process is 50% complete..

  Miguel receives tangible personal property as an

miguel receives tangible personal property as an inheritance in 2011. the property was depreciated by the deceased

  Advertising supplies expense

Windsor advertising company's trial balance for december 31 shows advertising supplies $6700 and advertising supplies expense $0.on December 31,there are 2700 of supplies on hand. prepare the adjusting entry at December 31.

  Create a monthly sales budget

Nygaard sports single product is purchased for $30 per unit and resold for $53 per unit. the expected inventory level of 4750 units on december 31, 2009, is more than the managements desired level for 2010, which is 20% of the next month's expecte..

  Compute the cost to produce one football helmet

Total the dollar amounts in each of the columns. (b) Compute the cost to produce one football helmet.

  Understanding the clients business

It is necessary for the auditor to understand the client's business. Why is that the case? How does classifying the client into a safe or risky client affect the audit?

  Compute depreciation expense for the first three years

An estimated salvagevalue of $75,000. Compute the depreciation expense for the firstthree years using the double-declining-balance method.

  Each of the following would generally be considered a

each of the following would generally be considered a favorable indicator of an enterprises financial condition. there

  Adjusted ordinary gross income

Adjusted ordinary gross income

  Why are worksheet entry required in different fiscal period

James, Inc., sells inventory to Matthews Company, a related party, at James's standard markup. At the current fiscal year-end, Matthews still holds some portion of this inventory -why are worksheet entries required in two different fiscal periods?

  Find a line item listed on either the income statement or

find a line item listed on either the income statement or balance sheet of nike inc. that would indicate an adjusting

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!

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