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zloy xaker [14]
3 years ago
15

Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a

recent month. Cutting Binding Beginning work in process Transferred in from cutting dept. $ 2,200 Direct materials $ 1,145 2,646 Conversion 3,750 3,450 Costs added during March Direct materials $ 9,240 $ 7,100 Conversion 14,700 18,575 Transferred in from cutting dept. 20,530 Transferred to finished goods 49,000 Determine the ending balances in the Work in Process Inventory accounts of each department.
Business
1 answer:
lys-0071 [83]3 years ago
5 0

Answer:

Cutting $8,305

Binding $365

Explanation:

Calculation to Determine the ending balances in the Work in Process Inventory accounts of each department.

Cutting Ending work in process =$ 1,145+ 3,750+$ 9,240+$14,700-$20,530

Cutting Ending work in process =$8,305

Therefore the ending balances in the Work in Process Inventory accounts for cutting department will be $8,305

Binding Ending work in process= $2,200+$2,646+$3,450+$7,100+$18,575+$20,530-$49,000

Binding Ending work in process= $365

Therefore Therefore the ending balances in the Work in Process Inventory accounts for binding department will be $365

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Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The amount paid to the bond
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Jan Throng invested $39,000 in the Invesco Charter mutual fund. The fund charges a commission (load) of 4.5 percent when shares
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Explanation:

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solution

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