The cost of ending inventory is 47372 and of the units transferred to the next department for January = 28496.
What is cost of ending work in process inventory for materials, labor, overhead ?
- WIP is a conception used to describe the inflow of manufacturing costs from one area of product to the coming, and the balance in WIP represents all product costs incurred for incompletely completed goods.
- Product costs include raw accoutrements , labor used in making goods, and allocated above.
- For utmost manufacturing operations, the costs that are included in an ending work in process force are raw accoutrements or corridor used, direct labor and manufacturing outflow.
- The finished goods force formula( finished goods force = morning finished goods cost of manufactured goods- COGS) refers to the computation businesses use to determine how numerous force particulars are ready for trade.
Calculation of cost of ending work in process for material, labor, overhead and in total for january,
Material = 2080 x 13.70 = 28496
Labor = 1560 x 4.7 = 7332
Overhead = 1560 x 7.4 = 11544
Total = 47372
Thus,
The cost of ending inventory is 47372 and of the units transferred to the next department for January = 28496.
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Answer:
The balance in the allowance for doubtful accounts after bad debt expense is recorded is $12,240. Option A
Explanation:
Cash sales = $167,000
Credit sales = $467,000
Selling and administrative expenses = $127,000
Sales returns and allowances = $47,000
Gross profit = $507,000
Accounts receivable = $275,000
Sales discounts = $31,000
Allowance for doubtful accounts credit balance = $2,900
Balance needed in the 'Allowance for doubtful accounts' = $467,000 × 2%
= $9,240
Credit balance in the allowance account = $2,900
Bad debts expense = Balance needed in the 'Allowance for doubtful accounts' + Credit balance in the allowance account
= $9,340 + $2,900
= $12,240
Answer:
B.Journalism: a career that combines technologies to make video recordings possible
Answer: Fast food company restaurant; Coffee place
Explanation: Tim Hortons is a food place in Canada with around 750+ other locations in US.