Refer to Cornerstone Exercise 5-1 for data. Required: Calculate the balance in Work in Process as of
Question:
Refer to Cornerstone Exercise 5-1 for data.
Required:
Calculate the balance in Work in Process as of June 30.
Calculate the balance in Finished Goods as of June 30.
Calculate the cost of goods sold for June.
Calculate the price charged for Job 39.
What if the customer for Job 40 was able to pay for the job by June 30? What would happen to the balance in Finished Goods? What would happen to the balance of Cost of Goods Sold?
LO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction To Cost Accounting
ISBN: 9780538749633
1st International Edition
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
Question Posted:
Students also viewed these Business questions
-
Refer to Cornerstone Exercise 5.1 for data. In Exercise 5.1 Required: 1. Calculate the balance in Work in Process as of June 30. 2. Calculate the balance in Finished Goods as of June 30. 3. Calculate...
-
Hi Katrina, I have another accounting problem I need your help with. It's similar to the one you did on 4/4/2016. The due date for this one will be 4/10/2016, Will you be able to help? See below...
-
Hi Katrina, I have another accounting problem I need your help with. It's similar to the one you did on 4/4/2016. The due date for this one will be 4/10/2016, Will you be able to help? See below...
-
Craps is a dice game in which two fair dice are cast. If the roller shoots a 7 or 11 on the rst roll, he or she wins. If the roller shoots a 2, 3, or 12 on the rst roll, he or she loses. (a) Compute...
-
The following table shows grades for performances in a drama class. The table is incomplete. Use the information given to fill in the missing entries and complete the table. Category Frequency...
-
In a survey of 1000 household food purchasers, 24.7% say that they avoid meat, dairy, and eggs produced by animals living in confined conditions. In Exercises 58, determine whether the number...
-
Target prices, target costs. Hogan Ltd. is about to introduce a new product to the market. Hogan has established a target 40% return on sales. The costs of the new product are 2.T otal product cost...
-
A new machine will cost $25,000. The machine is expected to last 4 years and has no salvage value . If the interest rate is 12%, determine the return and the risk associated with the purchase. 0.3...
-
\f
-
Prentice Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Prentice identified three overhead activities and related drivers. Budgeted information for...
-
Oliphant Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $476,000, and budgeted direct labor hours were 13,600. The average wage rate for direct labor...
-
college of business has 20 faculty members in Accounting, 30 in Marketing, 20 in Management, 15 in Finance, and 15 in Information Systems. The dean of the college asks her secretary to arbitrarily...
-
The Quality Challenge Maria Walker has been working for the last several years in the research and developmentbdepartment of a semiconductor manufacturing company employing 120 staff. Because of her...
-
1. what ways did these political events or military conflicts affect the Olympic Games? What were the "issues" at play? (Did world events influence the location of the Games? Did any countries...
-
Explain the complexity of the health workforce as highly educated knowledge workers. Discuss how these characteristics might this dynamic lead to conflict and failures in communication and how...
-
What role does emotional contagion play in shaping team morale and energy levels, and how can team leaders use this knowledge to foster a positive and productive team climate ?
-
Does the use of technology improve student outcomes in a global educational environment? If an affirmative response is supported, what are the best methods for teacher leaders to manage existing and...
-
Repeat Exercise 9-8 assuming that the sample size is n = 16 and the boundary of the critical region is the same.
-
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
-
Learning Objective: Identify aspects of groups in context Week #5 Individual Assignment Each member of the group is to writ e a short paper about the performance of their group in the two previous...
-
Using the joint probability table below, determine P(X = 0 | Y = 5). -1 0 3 0.15 0.15 0.05 5 0.05 0.15 0.3 7 0 0.05 0.1 a) 0 429 b) 00.3 c) 0.03 d) 0.043 e) 0 0.15 f) ONone of the above
-
Assume that for a given pesticide, the amount that is absorbed (in percent) within two hours is lognormally distributed with a mean of 1.0% and standard deviation of 0.5%. What is the probability...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App