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. 👍
  2. 👎
  3. 👁
  4. ℹ️
  5. 🚩
  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. 👍
    2. 👎
    3. ℹ️
    4. 🚩

Respond to this Question

First Name

Your Response

Similar Questions

  1. science

    Larger companies often need many workers who do different steps in the transportation process, instead of each member doing all steps in the process they do a single step before handing it to another worker to do the next step.

  2. Statistics & Probability

    Consider a Poisson process with rate λ=4, and let N(t) be the number of arrivals during the time interval [0,t]. Suppose that you have recorded this process in a movie and that you play this movie at twice the speed. The process

  3. biology

    Mitosis in Complex Organisms Quick Check What happens during cytokinesis? The cytoplasm falls apart. The cytoplasm divides. The cytoplasm changes color. The cytoplasm becomes solid. Answer B- The cytoplasm divides. The process of

  4. us history

    The idea of "conversion" is best explained as which of the following? A. the process of cultural change brought about by immigration B. the process of changing the frontier into settled communities C. the process of spreading

  1. Accounting

    A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 12,000 units were completed and transferred out of the process during the

  2. marketing 11th grade

    1. Which of the following ways is the most effective and professional way that a company can explain big changes to employees? (1 point) Hold a town hall meeting to present the upcoming changes to the company and answer employee

  3. Simple Probability Question

    A small manufacturing company has rated 80% of its employees as satisfactory and 20% as unsatisfactory . Personnel records show that 75% of the satisfactory workers had previous work experience in the job they are now doing, while

  4. 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

  1. physics

    A mixture of gasoline vapor and air is placed in an engine cylinder. The piston has an area of 7.4*10^-3 m^2 and is displaced inward by 7.2*10^-2 m. If 9.5*10^5 Pa of pressure is placed on the piston, how much work is done during

  2. Accounting for Managers

    Question 1 of 20 5.0 Points Which of the following products probably would be manufactured using a job order costing system? A. Paper B. Baseball cards C. Computer monitors D. Company business cards Reset Selection Mark for Review

  3. 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

  4. Physics

    During a certain thermodynamic process a sample of gas expands and cools, reducing its internal energy by 3690 J, while no heat is added or taken away. How much work is done during this process?

View more similar questions or ask a new question.