What is the total cost of the ending inventory

Assignment Help Accounting Basics
Reference no: EM132045609

Question - Greeg Industries uses three operations in sequence to manufacture an assortment of flower baskets. In each operation, the same procedures, time and cost are use to perform that operation, regardless of the basket style being produced. During March, a batch of 500 baskets of style D and a batch of 800 baskets of style F were put through the first operation. All materials for a batch are introduced at the beginning of the operation for that batch. The cost shown below were incurred in March for the first operation (Assume WAC approach)

Direct Labor 4,450

Manufacturing Overhead 3600

Direct Materials

Style D 1200

Style F 2400

There were no inventories at the beginning of the month; 400 units of Style D and 600 Units of Style F were transferred to the next operation. The ending inventories were 30% and 60% complete for styles D and F respectively.

What is the total cost of the ending inventory in process for operation #1?

Reference no: EM132045609

Questions Cloud

Complete the loan servicing calculation : FNS40815 CERTIFICATE IV IN FINANCE AND MORTGAGE BROKING - Complete the loan servicing calculation (NSR) by completing the form overleaf
Complete the loan costing sheet : FNS40815 CERTIFICATE IV IN FINANCE AND MORTGAGE BROKING - There are many laws that regulate the way businesses may provide service to a client.
What should be overall effect on company operating profit : The company is currently selling 7,000 units per month. What should be the overall effect on the company monthly operating profit of these changes
How you will reassess for the learning objective : How you will identify particular areas of need/misunderstanding (what will you look for? See Chapter 6 from Ward, Fischer, Frey, & Lapp).
What is the total cost of the ending inventory : Greeg Industries uses three operations in sequence to manufacture an assortment of flower baskets. What is the total cost of the ending inventory
Lewin and tolman''s and lawler''s process theories : Can you Compare and contrast two of the following theories: Lewin and Tolman's and Lawler's process theories?
Explore the six types of family involvement : Complete the activity in the purple box. Reflect on the usefulness of this activity. What are your takeaways?
Write essay describing the four types of business entities : Write a 500-1,000-word essay describing the four types of business entities and the necessary steps used when analyzing business transactions
A conflict situation involving a competitive approach : A conflict situation involving a competitive approach to negotiation would be when there is only one model left of a certain type of car.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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