accounting

posted by .

Kam Motor Company manufactures automobiles. During September 2007 the company purchased 5,000 head lamps at a cost of $9 per lamp. Kam withdrew 4,650 lamps from the warehouse during the month. Fifty of these lamps were used to replace the head lamps in autos used by traveling sales staff. The remaining 4,600 lamps were put in autos manufactured during the month.

Of the autos put into production during September 2007, 90% were completed and transferred to the company's storage lot. Of the cars completed during the month, 75% were sold by September 30.

Determine the cost of head lamps that would appear in each of the following accounts at September 30, 2007:
Raw Materials account =
Work in Process account =
Finished Goods account =
Cost of Goods Sold account =
Selling Expenses account =

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Accounting

    Sherman's interiors sells lamps. At March 31, the company had 400 sofas in inventory. The company's policy is to maintain a lamp inventory equal to 2% of next month's sales. The company expects the following sales activity for the …
  2. Accounting

    Kam Motor Company manufactures automobiles. During September 2007 the company purchased 5,000 head lamps at a cost of $9 per lamp. Kam withdrew 4,650 lamps from the warehouse during the month. Fifty of these lamps were used to replace …
  3. Physics

    A circuit contains sic 60-W lamps with a resistance of 240-ohm each and a 10.0-ohm heater connected in parallel. The voltage across the circuit is 120 V. Find the current in the circuit for the following situations:::: a. four lamps …
  4. Physics

    A circuit contains sic 60-W lamps with a resistance of 240-ohm each and a 10.0-ohm heater connected in parallel. The voltage across the circuit is 120 V. Find the current in the circuit for the following situations:::: a. four lamps …
  5. accounting

    The following transactions occurred during March 2009 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of common stock in exchange for $300,000 in cash. 2. Purchased equipment …
  6. Finite with Calculus Applications

    The Ball Company manufactures three types of lamps, labeled A,B,and C. Each lamp is processed in two departments, I and II. Total available work-hours per day for departments I and II are 400 and 600, respectively. No additional labor …
  7. calculus

    A lamp has a cost function of C(x) = 2500 + 10x, where x is the number of units produced per day and C(x) is in dollars. The revenue function for these lamps is R (X)= 18x−.001x^2. At least 100 lamps and no more than 2000 lamps …
  8. Physics

    A circuit contains six 270 lamps and a 18.0 heater connected in parallel. The voltage across the circuit is 120 V. (a) What is the current in the circuit when four lamps are turned on?
  9. Math

    At a selling price of $ 54 , a lamp company breaks even on total sales of $ 3564 . If the company's overhead is $ 396 , find the marginal production cost per lamp and find the profit on sales of 145 lamps.
  10. pre-calculus

    At a selling price of $ 54 , a lamp company breaks even on total sales of $ 3564 . If the company's overhead is $ 396 , find the marginal production cost per lamp and find the profit on sales of 145 lamps.

More Similar Questions