Question
47) Use the attached information for this 3rd of 6 questions for the Blue Sun Company. Direct labor cost per equivalent unit: Select the correct
47) Use the attached information for this 3rd of 6 questions for the Blue Sun Company. Direct labor cost per equivalent unit: Select the correct one
a. $4.76 b. other amount c. $6.60 d. $7.08 48) Use the attached information for this 4th of 6 questions for the Blue Sun Company. Manufacturing overhead cost per equivalent unit: Select the correct one
a. $10.20 b. $17.28 c. $4.44 d. $9.52 49) Use the attached information for this 5th of 6 questions for the Blue Sun Company. Total cost of 10,000 units completed: Select the correct one
a. $172800 b. $304080 c. $217200 d. $325800 50) Use the attached information for this 6th of 6 questions for the Blue Sun Company. Total cost of 5,000 units in process at the end of the month: Select the correct one
a. $86880 b. $108600 c. $104160 d. $91320 51) Use the attached information for the next 4 questions for Gregory Mfg. Co. Direct materials purchased: Select the correct one
a. $657000 b. some other amount c. $677000 d. $637000 52) Use the attached information for this 2nd of 4 questions for Gregory Mfg. Co. Total manufacturing costs charged to production (or added to the Work in Process Inventory account): Select the correct one
a. $1,361,000 b. $1,305,000 c. $1,369,000 d. $1,423,000 53) Use the attached information for this 3rd of 4 questions for Gregory Mfg. Co. The cost of finished goods manufactured Select the correct one
a. $1,313,000 b. $1,305,000 c. $1,297,000 d. $1,361,000 54) Use the attached information for this 4th question for Gregory Mfg. Co. The cost of goods sold:
Select the correct one
a. $1,297,000 b. Some other amount. c. $1,327,000 d. $1,263,000 55) Use the attached for this 1st of 2 questions about Continental Company Compute the cost of the unfinished jobs (Ending Work In Process Inventory) at March 31 Select the correct one
a. $33,800 b. $201,800 c. $237,000 d. $35,200 56)
Use the attached for this 2nd of 2 questions about Continental Company
Prepare the general journal entry to reflect the jobs completed during March:
(1) Prepare the general journal entry to reflect the jobs completed during March: Debit Credit
A) Work in process inventory 210,800 Finished Goods Inventory 210,800
To transfer the cost of completed jobs to Finished Goods Inventory
Debit Credit
B) Work in process inventory 48,000
Direct labor 48,000
To transfer the cost of completed jobs to Finished Goods Inventory
Debit Credit
C) Finished Goods Inventory 210,800
Work In Process Inventory 210,800
To transfer the cost of completed jobs to Finished Goods Inventory
Debit Credit
D) Work In Process Inventory 237,000
Direct labor 48,000
Manufacturing overhead 83,200
Direct materials 72,000
Finished goods Inventory 33,800
To transfer the cost of completed jobs to Finished Goods Inventory Select the correct answer a. B b. D c. C d. A PLEASE ANSWER ALL THE QUESTIONS AS THEY ARE FROM THE SAME SET OR ELSE ITS NO USE FOR ME. I DO NOT NEED AN EXPLANATION TOWARDS THE CORRECT ANSWER JUST TELL ME THE RIGHT ANSWERS AND THAT IS ENOUGH FOR ME.
Flow of manufacturing costs (Use the information below for the next 4 questions) The following data are taken from the accounting records of Gregory Mfg. Co.: Compute the following for the current year: Job order cost system (Use information below for the next 2 questions. ) Continental Company uses a job order cost accounting system. During March, three jobs were completed and the costs were computed as follows: job no. 1,$89,000; job no. 2,$58,800; job no. 3, $54,000. As of March 31, the following amounts had been charged to the Work in Process Inventory controlling account in the general ledger: Equivalent units (Use this for the next 6 questions) In the first month of operations, the manufacturing costs for Blue Sun Company were as follows: During the month 10,000 units were completed, and 5,000 units were in process at the end of the month. The 5,000 units in process were 100% completed as to materials and 80% completed as to direct labor and overhead. Compute the following: Job order cost system (Use information below for the next 2 questions. ) Continental Company uses a job order cost accounting system. During March, three jobs were completed and the costs were computed as follows: job no. 1,$89,000; job no. 2,$58,800; job no. 3,$54,000. As of March 31, the following amounts had been charged to the Work in Process Inventory controlling account in the general ledger: Flow of manufacturing costs (Use the information below for the next 4 questions) The following data are taken from the accounting records of Gregory Mfg. Co.: Compute the following for the current year: Equivalent units (Use this for the next 6 questions) In the first month of operations, the manufacturing costs for Blue Sun Company were as follows: During the month 10,000 units were completed, and 5,000 units were in process at the end of the month. The 5,000 units in process were 100% completed as to materials and 80% completed as to direct labor and overhead. Compute the following: Flow of manufacturing costs (Use the information below for the next 4 questions) The following data are taken from the accounting records of Gregory Mfg. Co.: Compute the following for the current year: Equivalent units (Use this for the next 6 questions) In the first month of operations, the manufacturing costs for Blue Sun Company were as follows: During the month 10,000 units were completed, and 5,000 units were in process at the end of the month. The 5,000 units in process were 100% completed as to materials and 80% completed as to direct labor and overhead. Compute the following: Flow of manufacturing costs (Use the information below for the next 4 questions) The following data are taken from the accounting records of Gregory Mfg. Co.: Compute the following for the current year: Equivalent units (Use this for the next 6 questions) In the first month of operations, the manufacturing costs for Blue Sun Company were as follows: During the month 10,000 units were completed, and 5,000 units were in process at the end of the month. The 5,000 units in process were 100% completed as to materials and 80% completed as to direct labor and overhead. Compute the followingStep by Step Solution
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