Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: $31200
Explanation:
Based on the information given in the question, the total cost to be assigned to the ending work in process will be:
Material cost = 4800 × $6 = $28800
Conversion cost = 4800 × 25% × $2 = $2400
Therefore, the total cost to be assigned to the ending work in process will be:
= $28800 + $2400
= $31200
Answer:
See explanation section
Explanation:
As there is a difference between the physical count of the inventory and actual Inventory count, it indicates that the merchandise inventory is either sold or wasted. However, for continuing the operation smoothly, it is assumed as sold. Therefore, the journal entry to record the sale is -
December - 31 Cost of goods sold Debit 45,000
($415,000 - $370,000)
Merchandise Inventory Credit 45,000
(To record the sale of merchandise: adjusted)
He should try to maintain a high GPA because 9th grade is an important year
Answer:
dollar value=$114452
Explanation:
We need to calculate the dollar value of material A needed during this year.
First step is to calculate how many units are necessary
Budgeted Sales= 639000 units
Ending inventory=82000 units
Beginning Inventory= 101000 units
Production of the year= 620000 (639000+82000-101000)
Second step is to calculate how much of material A is required
620000 units*0,50lb/un= 310000lb
Finally, we need to convert lb to pounds/$
1lb=0,71 punds
310000lb*0,71=220100pounds
dollar value=220100*$0,52=114452
