What was the cost of units in process at the end

Assignment Help Financial Accounting
Reference no: EM13141570

$7000. 4,000 units of direct materials were added during the period at a cost of $8200. 4,500 units were completed during the period, and 500 units were 60% complete at the end of the period. all materials are added at the beginning of the process. direct labor was 28,700 and factory overhead was $4,510. what was the cost of 500 units in process at the end of the period (assuming first in fist out method

Reference no: EM13141570

Questions Cloud

What is the substrate for a restriction enzyme : what type of organisms have genes for restriction enzymes? and what is the substrate for a restriction enzyme?
Which highest individual rent that might expect to find : Mean equal to $175 a month and standard deviation of $35, which of the following would be the highest individual rent that you might expect to find?
How many moles of o2 are needed : How many moles of O2 are needed to consume 0.52 mol of Mg in the following unbalanced reaction? Mg plus O2 -> MgO
Opportunity to discuss the type of curriculum : The purpose of this assignment is to give you the opportunity to discuss the type of curriculum you would provide for young children in a group care situation.
What was the cost of units in process at the end : all materials are added at the beginning of the process. direct labor was 28,700 and factory overhead was $4,510. what was the cost of 500 units in process at the end of the period (assuming first in fist out method
Cash dividend on common stock : A company declared a cash dividend on its common stock in December 2010, payable in January 2011.
What risks does this infection pose to the woman : A 22-year-old Honduran woman presents to an urgent care center complaining of a rash and joint pains in the wrists and knees for 2 days. Her rash was preceded by 3 days with a fever, malaise, headache, mild conjunctivitis, mild cough, and lymphade..
Computing amount of ending finished goods inventory : During its first year of operations, Martin Company paid $4,000 for direct materials and $8,500 for production workers' wages. What is the amount of ending finished goods inventory for the first year?
Calculate end-of-year balanced for the fund balance : Calculate end-of-year balanced for the Fund Balance and Budgetary Fund Balance accounts that would be reported on the Village’s balance sheet prepared as of June 30, 2010. Show all necessary work.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare journal entry to record payne income taxes

Taxable income for 2011 is $180 million and the tax rate is 40%. Prepare journal entry(s) to record Payne’s income taxes for 2011, assuming it is more likely than not that one-half of the deferred tax asset will ultimately be realized.

  How much cash was collected from making sales

Beginning and ending accounts receivable are $76,000 and $42,000, respectively. Sales for the period total $384,000, of which $40,000 was directly for cash. How much cash was collected from making sales and collecting accounts receivable?

  Describe the inventory valuation methods fifo and lifo

Merchandise Inventory. Describe the inventory valuation methods FIFO and LIFO. Which items are included in ending inventory under each method?

  Determine how kmart and sears approached change in owner

Determine how Kmart and Sears approached the change in ownership interest under current GAAP and how that approach would differ under proposed GAAP. Provide specific examples to support your response.

  Write a report explaining this abnormal trend

write a report explaining this abnormal trend between the net income and the cash flow numbers and whether this should be a red flag to investors and creditors.

  Evaluate the 2011 year-end debt ratio for the business

Generate balance sheets for the business as of 31 st December, 2010 and 2011.Hint: Report only net equity on the balance sheet and remember that net equity equals the difference between liabilities and assets.)

  Examine full-cost and variable-cost transfer

Examine the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows using a spreadsheet program such as Excel.

  Determine the project''s irr

Blanchford Enterprises is considering a project that has the given cash flow data. Determine the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected.

  Evaluate value assigned to the property

The board of directors of the entity receiving the property should guess a value for the property that will serve as a basis for the transaction

  Determine the cash coverage ratio

Determine the cash coverage ratio for the Highway Corporation Evaluate the EBIT for the Highway Corporation?

  Statement of cash flows

What question is the direct format of the statement of cash flows designed to answer and What question is the indirect format of the statement of cash flows designed to answer

  Describe how the analysis is to be performed

Describe how the analysis is to be performed and show all computations needed to arrive at the correct answer.

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