User Account

All Pages

Prepare a cost of production report for the cutting

Assignment Help Accounting Basics
Reference no: EM13601665

Prepare a cost of production report for the Cutting Department of Aladdin Carpet Company for May 2008, using the following data and assuming that all materials are added at the beginning of the process:

  • Work in process, May 1, 5,000 units, 75% completed $49,800
  • *Direct materials (5,000*$6.00) $30,000
  • Conversion (5,000 * 75% * $5.28) $19,800
  • $49,800
  • Materials added during May from Weaving Department, 186,000 units 1,134,600
  • Direct labor for May 405,600
  • Factory overhead for May 540,436
  • Goods finished during May( includes goods in process, May 1), 183,400 units
  • Work in process, May 31, 7,600 units, 30% completed

how to find the complete inventory in process for direct materials.

Reference no: EM13601665

Questions Cloud

Duke associates antique dealers purchased the contents of : duke associates antique dealers purchased the contents of an estate for 37500. terms of the purchase were fob shipping
An article in the winter 2003 issue of chance magazine : an article in the winter 2003 issue of chance magazine reported on the houston independent school districts magnet
The following data represents the mean august temperature : the following data represents the mean august temperature fahrenheit in 20 us cities 64 64 68 69 70 71 71 72 74
Market company begins the year with 200000 of goods in : market company begins the year with 200000 of goods in inventory. at year-end the amount in inventory has increased to
Prepare a cost of production report for the cutting : prepare a cost of production report for the cutting department of aladdin carpet company for may 2008 using the
A car dealer acquires a used car for 3000 terms fob : a car dealer acquires a used car for 3000 terms fob shipping point. additional costs in obtaining and offering the car
The john fletcher corporation manufactures mountain bikes : the john fletcher corporation manufactures mountain bikes. at the beginning of july the fletcher corporation had 0
The work done by an electric force in moving a charge from : question the work done by an electric force in moving a charge from point a to point b is 2.52 10-3 j. the electric
Find 1 the initial volume of the liquid-ice mixture in m3 : the density of liquid water at 25 c is 997 kgm3 and the specific gravity of solid water ice at 0 c is 0.98. 100 kg of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe sample transactions from your own experiences to

as you have learned in this weeks readings the accounting equation is assets liabilities owners equity.is the

  Amount of milly''s gain or loss on the sale of her stock?

In 2010, Milly purchased 150 shares of stock in Tommy Corporation for $12,500. In 2012 the corporation distributed $2,000 to Milly. At that time, the company had no accumulated or current earnings and profits. In 2013, Milly sold the stock for $8,000..

  At the start of november penco refinery had work in process

at the start of november penco refinery had work in process inventory consisting of 4000 units that were 90 percent

  What is the gross margin for the year 2012

Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2012.

  Acompany sells magazines and collects subscription fees

a company sells magazines and collects subscription fees prior to the publication and distribution of the magazine. as

  Because of an unexpected high demand for stuffed dinosaurs

barney toy company manufactures large and small stuffed animals. it has a long-term contract with a large chain of

  How much money must you accumulate by retirement to make

you are planning for a very early retirement. you would like to retire at age 40 and have enough money saved to be able

  Explain to your friend whether each of the numbered items

your friend sally has hired you to evaluate the following internal control procedures.a explain to your friend whether

  Parking as an optional feature of the membership

At what price, if at all, should Tom and Lynda offer valet parking as an optional feature of the membership? Justify with supporting calculations.

  Pre-formatted data entry screens

Customer orders were lost in the mail en route from the sales office to the accounting department

  Prepare a cash budget by month and in total for the third

natural care corp. a distributor of natural cosmetics is ready to begin its third quarter in which peak sales occur.

  Consolidated sales and cost of goods sold

The subsidiary still possesses 40 percent of this inventory at the current year end. Top had established the transfer price based on its normal markup. What are the consolidated sales and cost of goods sold?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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