The finishing department had 5000 incomplete units in its

Assignment Help Accounting Basics
Reference no: EM13601941

The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory, which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units, which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. How many units were started and completed during the period?

Reference no: EM13601941

Questions Cloud

The standard fixed factory overhead rate is based on 100 : the standard fixed factory overhead rate is based on 100 capacity of 120000 machine hours for thompson inc. the
A client gives you a data set of 30 observed values that : a client gives you a data set of 30 observed values that represent the number of gallons of gas that 30 individual
The planet venus requires 225 days to orbit the sun which : the planet venus requires 225 days to orbit the sun which has a mass m 1.99 x 1030 kg in an almost circular
Te point starts moving at t0 find the total distance : the position of a point p on a line is given by the equation x t sinpi t2. the point starts moving at t0. find the
The finishing department had 5000 incomplete units in its : the finishing department had 5000 incomplete units in its beginning work-in-process inventory which were 100 complete
For february sales revenue is 250000 sales commissions are : for february sales revenue is 250000 sales commissions are 6 of sales the sales managers salary is 50000 advertising
The illinois corp which maintains a periodic inventory : the illinois corp. which maintains a periodic inventory acquired 12000 of merchandise inventory in january of 2012 but
Te point starts moving at t0 find the total distance : the position of a point p on a line is given by the equation x t sinpi t2. the point starts moving at t0. find the
Determine hassells and lawsons participation in the years : candace hassell and abby lawson formed a partnership investing 240000 and 80000 respectively.independent assumptionsa

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assume that schellhamer company decides to estimate its bad

a what amount of bad debts expense will schellhamer company report if it uses the direct write-off method of accounting

  Regulations ultimately issued for that statute

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are:

  Funds for printing needs

To fulfill the printing needs of its various departments and agencies, the City has established a Central Print Shop, which bills the various departments and agencies of the city for printing services rendered. The Central Print Shop should be acc..

  Rankine company estimates its bad debts expense by aging

rankine company estimates its bad debts expense by aging its accounts receivable and applying percentages to various

  Thomas and purnell are general partners in a partnership

thomas and purnell are general partners in a partnership along with four limited partners. ten percent of partnership

  Alberto comapy issues 8 10-year semi-annual bonds with a

alberto comapy issues 8 10-year semi-annual bonds with a par value of 350000. on the issue date the annual market rate

  The term adjusting entries refers to a very important step

the term adjusting entries refers to a very important step in the accounting cycle. explain when why and how the

  Taxable stock dividend problem

Judd Harrison owns 200 shares of stock in the Widget Company for which he paid 1600 in 1999. The board of directors of the company decided to pay a 10% stock dividend in April 2010, for which Judd received 20 shares of stock. Was this a taxable st..

  What is a third-party payment system how does this payment

1. why is the us health care system considered complex?2. how do health care organizations get paid? do

  The securities were all sold at the end of 3 years so that

linda clark received 182000 from her mothers estate. she placed the funds into the hands of a broker who purchased the

  Attribute sampling plan-determining large expenditures

An auditor uses an attribute sampling plan to determine whether large expenditures are being properly approved. The auditor is willing to accept a 2% risk of assessing control risk too low, and has a tolerable rate of 5%.

  Metro shuttle company is considering investing in two new

metro shuttle company is considering investing in two new vans that are expected to generate combined cash inflows of

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