What would be the cost transferred to the blending dept., Cost Accounting

Assignment Help:

Walter manufactures a silicone paste wax that goes through three processing departments: cracking, blending, and packing. All raw materials are introduced at the start of work in the cracking department, with conversion costs being incurred uniformly in each department. The Work-in-Process T-account for the cracking department for July is:

Work in process inventory (cracking department)
balance, july 1 (35,000 ilbs, 4/5 done) $63,700
Direct materials (280,000 lbs) $397,600
Conversion costs $189,700
balance, july 31 (45,000 lbs. 2/3 done) ???
costs transferred to blending Dept ???
The beginning balance inventory consists of $43,400 in materials cost. Brady uses the first-in, first-out (FIFO) method to account for its operations.

Required: (use 4 decimal places for computations):

(a) What would be the Cracking Department inventory balance on July 31?
(b) What would be the cost transferred to the Blending Dept. in July?

 


Related Discussions:- What would be the cost transferred to the blending dept.

Cost accounting, how does cost accounting differ from management accounting...

how does cost accounting differ from management accounting

Operation and design of cost accounting systems, Operation and Design of Co...

Operation and Design of Cost Accounting Systems A number of features should be taken into account previously to finalizing the design of a cost and management accounting syste

Marginal costing, Please kindly post some problems along with solutions so...

Please kindly post some problems along with solutions so it is easy to understand..I am quite satisfied by the per-forma you have mentioned.. THANK YOU.

Explanation of sales revenue line, The sales revenue line demonstrates the ...

The sales revenue line demonstrates the amount of sales earned throughout the different level of activities. It can be observed that between zero and somewhere between activity B a

Determine inventory costs, Determine Inventory Costs Mary Cosmetics sells s...

Determine Inventory Costs Mary Cosmetics sells specialty lipstick for a retail price of $12.25 each. Mary purchases each tube for $5.00 and pays the following additional amounts: $

Ledger accounting system, Q. Is it possible to execute fca in the deficienc...

Q. Is it possible to execute fca in the deficiency of a general ledger accounting system ? Ans. Yes. FCA can be executed for whichever solid waste management system and whi

Find out the cost per unit, Find Out the Cost per Unit Material A is ...

Find Out the Cost per Unit Material A is added at the start of a production process. Overheads and Labor are added continuously throughout the production process. At the endi

Activity based costing or abc, Activity Based Costing or ABC Absorptio...

Activity Based Costing or ABC Absorption costing shows to be relatively straightforward way of adding overhead costs to units of production utilizing, more often than not, a v

Algebra in cost accounting, I''m about to take my first cost accounting cl...

I''m about to take my first cost accounting class in college, Do i need algebra skills to do well on this class

Write Your Message!

Captcha
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