Uxmaiz corporation had only one job in process during

Assignment Help Accounting Basics

Reference no: EM13577107

Uxmaiz Corporation had only one job in process during May-Job X32Z-and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below:


Beginning balance	$	7,500
Charged to the job during May
Direct materials	$	11,700
Direct labor	$	3,900
Manufacturing overhead applied	$	5,900
Units completed		290
Units in process at the end of May		0
Units sold during May		135

In May, overhead was overapplied by $490. The company adjusts its cost of goods sold every month for the amount of the overhead that was underapplied or overapplied.

Required:

1. Using the indirect method, determine the cost of goods sold for May?

2. What is the total value of the finished goods inventory at the end of May?

3.	What is the total value of the work in process inventory at the end of May?

Reference no: EM13577107

Questions Cloud

Use multiple regression to find the line of best fit : use multiple regression to find the line of best fit through the following data. what does this tell

Use exponential smoothing with 2 between 01 and 04 to get : use exponential smoothing with 2 between 0.1 and 0.4 to get forecasts one period ahead for the following time series.

20 are smokers and 16 are females who smoke what is the : from a given population it is known that 68 are female 20 are smokers and 16 are females who smoke. what is the

Use linear regression to forecast values for periods 11 to : use linear regression to forecast values for periods 11 to 13 for the following time

Uxmaiz corporation had only one job in process during : uxmaiz corporation had only one job in process during may-job x32z-and had no finished goods inventory on may 1. job

Jepson electronic center began july with 90 units of : jepson electronic center began july with 90 units of merchandise inventory that cost 70 each. during july the store

Suppose the probability that team a wins a given game is 6 : the world series of baseball is to be played by team a and team b. the first team to win 4 games wins the series out

How would you find the probability that one of several : how would you find the probability that one of several mutually exclusive events

At ajax spring water a half-liter bottle of soft drink is : at ajax spring water a half-liter bottle of soft drink is supposed to contain a mean of 520 ml. the filling process

User Account

All Pages