Month of aprilbeginning wip 18000, Ask an Expert

Accounting

month of April.

Beginning WIP
        18,000 units

Started in production
        104,000
Completed production
        94,000
Ending WIP
        28,000

The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of process.
Costs pertaining to the month of April are as follows:
Beginning inventory costs are

     Materials            $64,000
     Direct labour                18,000
     Factory overhead          17,000
Costs incurred during April include

     Materials            $585,520
     Direct labour                198,500
     Factory overhead          367,900

Determine the costs to be assigned to the units transferred out and in ending work in process.

        Total         Material         Conversion
Beginning Inventory         $         $         $
Complete beginning WIP
Started and completed
Cost for units transferred out         $         $         $
Ending work in process
Total costs         $         $         $

Image text transcribed for accessibility Determining the costs to be assigned to the units transferred out and in ending work in process?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9795678

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - alex acquires a residential rental property on

Question - Alex acquires a residential rental property on June 1, 2018 at a total cost of $423,000. Of this total, $132,000 can be allocated to the value of the land. He immediately spends $42,000 to make major improveme ...

Question - income conversion rodrigo owns 1 share of

Question - Income Conversion: Rodrigo owns 1 share of Berkshire Hathaway Class A stock that he purchased 50 weeks ago for $250,000. The stock is currently worth $325,000, and Rodrigo wants to sell the stock soon. Rodrigo ...

Question - bridgeport company reports the following

Question - Bridgeport Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $169,500 Allowance for Doubtful Accounts $2,060 Sales Revenue (all on credit) 841,800 Sales Return ...

Question - on january 1 20x1 mighty entity pays the fair

Question - On January 1, 20X1, Mighty Entity pays the fair value of $50,000 for a new piece of machinery with an estimated useful life of 8 years. The machine has a drum that must be replaced every four years and costs $ ...

Question - explain why the purchase of supplies is usually

Question - Explain why the purchase of supplies is usually recorded in the asset account rather than in an expense account. If supplies were expensed when purchased, which account should be debited and which credited at ...

Question - on december 31 2018 fine company acquired a new

Question - On December 31, 2018, Fine Company acquired a new delivery truck in exchange for an old delivery truck that it had acquired in 2012. The old truck was purchased for $70,000 and had a book value of $26,600. On ...

Question - at december 31 2016 grouper corporation reported

Question - At December 31, 2016, Grouper Corporation reported current assets of $384,870 and current liabilities of $206,100. The following items may have been recorded incorrectly. 1. Goods purchased costing $22,150 wer ...

Question introduction you are a consultant hired by a

Question: Introduction: You are a consultant hired by a consumer products research company to analyze the packaging of various consumer products. Your first assignment is to go into a retail store and pick three products ...

Question - in 2018 x company expects to produce and sell

Question - In 2018, X Company expects to produce and sell 60,000 units of its only product for $33.98. The following are budgeted variable costs per unit: Direct materials - $4.12 Direct labor - 5.57 Variable overhead - ...

Question - the kaufman car company sells cars with a

Question - The Kaufman car company sells cars with a warranty that they will work properly. based on its historic experience, it expects the cost of honoring this warranty to be about 1% of sales. In 2014, it makes $500 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert