Production records show that there were 490 units in the

Assignment Help Accounting Basics
Reference no: EM13585326

The ledger of Custer Company has the following work in process account.

Work in Process-Painting

5/1 Balance 3,760 5/31 Transferred out ?
5/31 Materials 6,800


5/31 Labor 3,710


5/31 Overhead 2,100


5/31 Balance ?


Production records show that there were 490 units in the beginning inventory, 30% complete, 1,580 units started, and 1,530 units transferred out. The beginning work in process had materials cost of $2,820 and conversion costs of $940. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

(a) What is the total cost of units transferred out in May? (Round answer to 0 decimal places, e.g. 1,225.)

The total cost of units transferred out in May

$

(b) What is the cost of the May 31 inventory? (Round answer to 0 decimal places, e.g. 1,225.)

Work in process

$

Reference no: EM13585326

Questions Cloud

A study of various news home pages reports that the mean : a study of various news home pages reports that the mean number of bad links per home page is 0.4. if the errors occur
Prepare the stockholders equity section of the c-mobile : c-mobile wireless needed additional capital to expand so the business incorporated. the charter from the state of
Explain the differences between an observation and an : 1 explain the differences between an observation and an inference. relative to what probability means how does this
What are the spins and isospins of all of the possible : 1. consider the decay of the delta baryon into a pi meson and a nucleona. determine whether parity is conserved and
Production records show that there were 490 units in the : the ledger of custer company has the following work in process account.work in
In your own words post what the act says about the nurses : section athe topic is obesity and you are required to submit a minimum of 10 slides ppt including a minimum of 50 words
A professional hockey player played 20 seasons the : question a professional hockey player played 20 seasons. the following table shows the number of games in which he
A resistor ofnbsp368nbspnbspis connected in series with a : a resistor ofnbsp368nbspnbspis connected in series with a capacitor ofnbsp50.0nbspmicrof capacitance.a. a sinusoidal
Determine eventual max min and saddle points in the : 1. show that y2e5x4x is a solution to the differential equation y-5y4-20x2. determine eventual max min and saddle

Reviews

Write a Review

Accounting Basics Questions & Answers

  Specializing in accounting support for small businesses

You are an employee of BusComm Consulting. Begun as a small business just a few years ago, BusComm has outsourced its payroll and tax accounting and return preparation to Accountpreneurs, a company specializing in accounting support for small busi..

  Determine the price variance quantity variance and total

mytime inc. produces electronic timepieces. the company uses mini-lcd displays for its products. each timepiece uses

  Required the amounts for each of the prime cost per unit

Required the amounts for each of the Prime cost per unit and contribution margin per unit

  The standards for a product call for 25 pounds of a raw

the standards for a product call for 2.5 pounds of a raw material that costs 6.10 per pound. last month 30000 pounds of

  15 million of 10 bonds were issued for 15 million on june

at december 31 2013 parker petroleums liabilities include the following1. 22 million of 10 notes are due on march

  Larsen company budgete production of widgets

Larsen Company makes and sells a single product, widgets. Three pounds of clay are needed to make one widget-How much clay should be purchased in September?

  Carrying value of clyde investment

For the year ended December 31, 2011, Blake reported income of $63,000 and paid cash dividends of $14,000 on its common stock. What is the proper carrying value of Clyde's investment in Blake at December 31, 2011?

  In calculating allowance for doubtful debts last year year

issue 1 a large number of customers buy our products on a wholesale basis for their sales outlets and have set up

  Thornton manufacturing is a small manufacturer that uses

thornton manufacturing is a small manufacturer that uses machine-hours as its activity base for assigned overhead costs

  What is meant by major fund reporting

What is meant by "major fund reporting"? How does this differ from reporting by fund type? For what fund types is major fund reporting required?

  Account for investment in a subsidiary

When a parent uses the equity method throughout the year to account for investment in a subsidiary, which of the following statements is false?

  Evans company produces a single product during the most

evans company produces a single product. during the most recent year the company had a net operating income of 90000

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