accouting

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?

  1. 👍 0
  2. 👎 0
  3. 👁 754
  1. First you have to calculate a) which is 530.
    410+ 550-1430= 530

    Then,
    1430+530=1960
    Work in process May1 $3,110
    Added Cost $5710 (materials)
    Total Cost $8,820 / 1960= $4.50 (whichever decimal place)

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Accounting

    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

  2. CHM

    A 0.0800-kilogram sample of a gas is heated from 25°C to 225°C. During this process, 340 J of work is done by the gas and its internal energy increases by 8450 J. How much heat is transferred to the gas? What is the specific

  3. accounting

    Hanson Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 60%

  4. Accounting

    Department S had no work in process at the beginning of the period , 18,000 units were started during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the

  1. US goverment

    identify which fact about the amendment process best supports this quotation from the textbook the formal amendment process emphasizes the federal character of the government system. A. Amending the constitution is a complex

  2. English

    Read the passage. (1) Long ago, the Everglades were a broad expanse of shallow water covering the southern tip of Florida. (2) Over the years, however, land development has reduced the Everglades to less than half its original

  3. accounting

    P20-2A For the year ended December 31, 2010, the job cost sheets of DeVoe Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $25,000

  4. ET3034TUx Solar Energy

    Which of the following processes is used in order to fabricate mono-crystalline silicon? a) The Czochralski process b) Silicon ribbon process c) The float-zone process d) The silicon casting process

  1. physics

    Two blocks are connected by a very light string passing over a massless and frictionless pulley (the figure ). Traveling at constant speed, the 20.0- block moves 70.0 to the right and the 12.0- block moves 70.0 downward.During

  2. Accounting

    Cherry Hill Glass Company employs a normal costing system. The following information pertains to the year just ended. • Total manufacturing costs were $1,420,000. • Cost of goods manufactured was $1,391,000. • Applied

  3. physics

    during a process, 21.6 MJ of heat is added to closed system. if the internal energy is increased by 59.6 MJ, how much work in Btu was done? is the work done on ro by the system?

  4. language arts

    2) Which sentence BEST explains how art and painting differ slightly in meaning? A) A work of art can be viewed from all angles; a painting can be viewed from only one angle. B) A work of art shows images that cannot occur in real

You can view more similar questions or ask a new question.