The following information concerns production in the Finishing Department for March. The Finishing Department uses the average
Question:
The following information concerns production in the Finishing Department for March. The Finishing Department uses the average cost method.
a. Determine the number of units in work in process inventory at the end of the month.b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production forMarch.
Transcribed Image Text:
ACCOUNT Work in Process-Finishing Department ACCOUNT NO. Balance Debit Debit Date Item Credit Credit 1 Bal., 15,000 units, 40% completed 31 Direct materials, 144,000 units 31 24,600 369,600 532,800 619,500 40,950 40,950 Mar. 345,000 163,200 86,700 Direct labor 31 Factory overhead Goods transferred, 142,500 units 31 Bal., 2 units, 60% completed 578,550
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 82% (17 reviews)
a b Units in process March 1 U...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. a. Determine the number of units in work in process inventory...
-
The following information concerns production in the Finishing Department for July. All direct materials are placed in process at the beginning of production. a. Determine the number of units in work...
-
The following information concerns production in the Extruding Department for August. All direct materials are placed in process at the beginning of production. a. Determine the number of units in...
-
What is the expected spot rate at the end of the year assuming PPP? initial spot rate 87.60 Expected US inflation 2.20% Expected Japanese yen inflation 0.00%
-
In a nationwide survey, conducted by Pulse Opinion Research, LLC for Rasmussen Reports, a sample of American adults were asked whether they favor a plan to break up the 12 megabanks, which currently...
-
Define relationship marketing and contrast it with mass marketing?
-
How does a lessee determine what interest rate is appropriate to discount the lease liability?
-
The number of cars arriving per hour at Lundbergs Car Wash during the past 200 hours of operation is observed to be the following: NUMBER OF CARS ARRIVING FREQUENCY 3 or fewer ............. 0 4...
-
Need Help Express the function \( h(x)=\frac{1}{x+5} \) in the form \( f \circ g \). If \( g(x)=(x+5) \), find the function \( f(x) \). Your answer is \( f(x)= \) 2 answers
-
Sunny Inc. is trying to decide whether investing in Project A is a good idea. This project will last 5 years and will not exist after that. Any salvage value will be considered as an additional cash...
-
Units of production data for the two departments of Atlantic Cable and Wire Company for August of the current fiscal year are as follows: Each department uses the average cost method.a. Determine the...
-
The charges to Work in Process?Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials...
-
Name a ketose and another aldose that form the same osazone as a. D-ribose b. D-altrose c. L-idose d. D-galactose
-
A snickers candy bar contains 28g of sugar. Calculate the totalATP yield if you assume all sugar is glucose and all of it wasmetabolized through glycolysis.
-
What are the general rules for deciding which method is used to account for an investment in the stock of another company? What are bonds? What are the characteristics of bonds? What factors affect...
-
Explore the characteristics and requirements of real-time kernels for embedded systems and critical applications. How do real-time kernels prioritize tasks and ensure deterministic response times ?
-
Compare and contrast traditional threads with lightweight threads (such as coroutines or green threads). How do these models impact resource utilization and concurrency management in modern...
-
Explore the security mechanisms implemented within the kernel to protect system integrity and prevent unauthorized access. What techniques are employed for privilege separation and access control in...
-
Determine the size of THHN (Cu) conductors needed to supply eight rows of fluorescent lighting fixtures with seven fixtures in each row with each fixture rated at 1.5 A. If only 20 A circuits are...
-
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
-
Use a diagram to illustrate how a large cluster tolerance for editing can unintentionally alter the shapes of line features.
-
(Three Differences, Compute Taxable Income, Entry for Taxes) Havaci Company reports pretax financial income of $80,000 for 2010. The following items cause taxable income to be different than pretax...
-
(Two Temporary Differences, One Rate, Beginning Deferred Taxes) The following facts relate to Alschuler Corporation. 1. Deferred tax liability, January 1, 2010, $40,000. 2. Deferred tax asset,...
-
(Identify Temporary or Permanent Differences) Listed below are items that are commonly accounted for differently for financial reporting purposes than they are for tax purposes. For each item below,...
-
A good example of workers who would be covered under the jurisdiction of the OSH Act: Persons who are self-employed O Family farms which only employ family members O Coal Miners Employees of a...
-
Private property: O encourages owners to maintain or improve their property so as to preserve or enhance value. O does everything indicated by the other answers. O discourages cooperation because...
-
a . The 2 0 , 0 0 0 members of the association pay dues of $ 1 0 0 per year, of which $ 2 0 covers a one - year subscription to the Teachers ForumOther benefits include membership in the association...
Study smarter with the SolutionInn App