Friday
April 25, 2014

Homework Help: Accounting

Posted by Anonymous on Sunday, June 30, 2013 at 4:19pm.

Department J had no work in process at the beginning of the period, 18,000 units were completed during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period (Assuming the company uses FIFO and rounds average cost per unit to two decimal places):

Direct materials (20,000 at $5)
$ 100,000
Direct labor
142,300
Factory overhead
57,200



Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the departmental work in process inventory at the end of the period?
Answer

$90,000

$283,140

$199,500

$16,438

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - Hanson Company uses the weighted-average method in its process ...
Accounting - The Converting Department of Soft N' Dry Towel and Tissue Company ...
Principles of Business - Approximately how many people work in the: Finance ...
Accounting - Your departmentís accounting software is extremely outdated and you...
ACCOUNTING - Your departmentís accounting software is extremely outdated, and ...
Accounting - Materials costs of $300,000 and conversion costs of $321,300 were ...
accounting - Your departmentís account software is extremely outdated and you ...
MANAGERIAL ACCOUNTING - #1 chin company incurred direct materials costs of $300,...
Math - Randi takes the stairs at work whenever possible instead of the elevator...
accounting - in a process cost system product costs are accumulated by ...

Search
Members