1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
FinnZ [79.3K]
4 years ago
14

The Work in Process Inventory account had a beginning balance of $16,200 on April 1. During April, the cost of direct materials

used was $408,000 and direct labor cost assigned to production was $56,000. A total of $72,000 of overhead was assigned to production in April. If the cost of finished goods manufactured was $523,500, what was the balance in the Work in Process Inventory account on April 30?
Business
1 answer:
zhenek [66]4 years ago
4 0

Answer:

$28,700

Explanation:

We know that

Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of finished goods manufactured

where,

Total manufacturing cost = cost of direct materials used + direct labor cost + overhead  cost

= $408,000 + $56,000 + $72,000

= $536,000

So, the ending work in process inventory would be

= $16,200 + $536,000 - $523,500

= $28,700

You might be interested in
Help pls I don’t get this
sergij07 [2.7K]

Answer:

It's mostly likely he would search the internet for information.

3 0
3 years ago
M&m's famous slogan, "melts in your mouth, not in your hand," is an example of a(n): promotional mix. basis for lifestyle st
Elena-2011 [213]

The answer here is unique selling proposition. Their slogan is telling you how they are unique and different from all the other chocolate candy options available on the market.

8 0
3 years ago
While asia represents an important source of u.s. imports, few export opportunities exist for u.s. firms to sell goods and servi
Stells [14]
The correct answer is false. It is because it is not true that there are only few exports that exist for U.S. firms to sell goods and their services to asian consumers as they are likely to expand their goods and services all throughout by which few exports doesn't seem to be true.
5 0
3 years ago
Read 2 more answers
Which HCPCS level II codes allow suppliers to begin billing immediately for a service or item as soon as it is allowed to be mar
-BARSIC- [3]

Answer: miscellaneous code

Explanation:

The HCPCS level II miscellaneous codes include miscellaneous not otherwise classified codes that are reported to the food and drug Administration when a durable medial equipment, prosthetics, orthotics, and supplies (DMEPOS) dealer submits a claim for a product or service for which there is no existing HCPCS level II code.

8 0
3 years ago
On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS usef
Sveta_85 [38]

Answer:

decrease $49,605

Explanation:

corporation purchased eqipment = $ 300000

ADS recovery period = 10 years

MACRS useful life of 7 years

th eequipment sold for $290,000

The result is option d. Decrease $ 49,605

4 0
3 years ago
Other questions:
  • Management of Plascencia Corporation is considering whether to purchase a new model 370 machine costing $512,000 or a new model
    5·1 answer
  • Trust Company applies overhead based on direct labor hours. At the beginning of the year, Trust estimates overhead to be $700,00
    6·1 answer
  • Excey Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent. The current yield on these bonds is 7.5
    7·1 answer
  • In terms of maintaining credibility, the most important quality to convey when delivering bad news is_______________.
    11·1 answer
  • Manufacturing overhead is applied to the product based on machine hours used in each department under the rate of $20 per machin
    11·1 answer
  • A successful total quality management (TQM) program requires
    6·1 answer
  • Banking is a general term for what?
    12·2 answers
  • Japan's great trading houses are called:_____________.
    15·1 answer
  • Accounts payable, end of year $ 5,643 $ 9,588 Accounts receivable, net, end of year 21,325 16,438 Inventory, end of year 7,944 7
    14·1 answer
  • An actuary is a person who assesses various forms of risk. Based on past data, the holder of an automobile insurance policy pays
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!