Tuesday
July 22, 2014

Homework Help: accouting

Posted by Patiance on Sunday, July 21, 2013 at 9:50pm.

The ledger of Custer Company has the following work in process account.



Work in Process—Painting

5/1 Balance 4,820 5/31 Transferred out ?
5/31 Materials 5,710
5/31 Labor 4,800
5/31 Overhead 2,430
5/31 Balance ?

Production records show that there were 410 units in the beginning inventory, 30% complete, 1,550 units started, and 1,430 units transferred out. The beginning work in process had materials cost of $3,110 and conversion costs of $1,710. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

What is the unit materials cost for May?
Can someone explain to me how to get this answer please?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

ACCOUnting - Chen Company manufactures basketballs. Materials are added at the ...
accounting - Nature’s Way, Inc., keeps one of its production facilities busy ...
accounting - P20-2A For the year ended December 31, 2010, the job cost sheets ...
accounting - The Bags and Luggage Company had the following account balances as...
accounting - Selected T-accounts for Rolm Company are given below for the just ...
Accounting - Department J had no work in process at the beginning of the period...
accounting - CAN SOMEONE TELL ME HOW MATERIAL AND CONVERSION IS BROKEN UP IN ...
accounting - lightning industries, located in northern New England, specializes ...
Accounting for Managers - Question 1 of 20 5.0 Points Which of the following ...
accounting - Allocatin and proration of overhead. Frankin & Son Printing ...

Search
Members