Solution-Prepare a process cost report using the FIFO

Prepare a process cost report using the FIFO costing method

Assignment Help Managerial Accounting

Reference no: EM133002708

Question - On June 30, 16,000 units were in processual direct materials had been added, but units were only 70% complete in conversion costs. direct materials costs $8,100 and conversion costs of $11,800 attached at the beginning of inventory. July 405,000 kg of materials were used at cost of$202,500. direct labor charges $299,200 and overhed costs applied during July were $284,000.

The ending work in process inventory was 21,600Kg. all direct materials have been added to those units, and 25% of conversion costs have been assigned. output from the blending department is transferred to the packaging department.

Prepare a process cost report using the FIFO costing method for the blending department for July.

Reference no: EM133002708

Questions Cloud

Calculate annual holding period return : Suppose you purchase a 3-year, 5 percent coupon bond at par and hold it for two years. During that time, the interest rate falls to 4 percent.

Conduct a system vulnerability investigation : Analyze and evaluate emerging technologies such as sensor and vehicular mobile cloud computing - Audit different security threats involved in mobile cloud

What is the face value of an investment : What is the face value (present value) of an investment at 8% p.a., if at maturity (future value) in 180 days it will be worth $10,394.53

How long does take to grow to at least years : How long (full years and approximate months) does it take $135.00 to grow to at least years months $298.00 at 5.25% simple interest?

Prepare a process cost report using the FIFO costing method : The ending work in process inventory was 21,600Kg. Prepare a process cost report using the FIFO costing method for the blending department for July

What are the sources of potential profit and loss : What are the sources of potential profit and loss for an active bond manager?

Find amount of simple interest that bill pays on loan : On March 20, 2020, Bill borrows $625 for 45 days at 14.25% simple interest. Determine the amount of simple interest that Bill pays on the loan.

What was the total peso cost of the loan agreement : If Marvel borrowed P15,000,000 immediately after the agreement was signed and repaid at the end of one year, what was the total peso cost of the loan agreement

Compute equivalent cash price of an item that be purchased : Find the equivalent cash price of an item that can be purchased for $1775 down, and $1900 paid at the end of 4 years if money is worth 11.25%

User Account

All Pages

Prepare a process cost report using the FIFO costing method

Reference no: EM133002708

Reference no: EM133002708

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT