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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $213,600 of raw materials on credit; issued materials to production of $208,000 of which $33,900 were indirect. Minstrel incurred a factory payroll of $157,800, of which $43,900 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,800 and $29,600 respectively. Compute the cost of jobs transferred to Finished Goods Inventory. Multiple Choice $596,200. O O $469,900. $440,300. $446,050. O $442,300. The Work in Process Inventory account of a manufacturing company has a $4,100 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,940 and direct labor cost of $720. Therefore, the amount of applied overhead is: Multiple Choice O $2,160. $2,660. $1,440. O $720. O $3,380. A company uses the FIFO method for inventory costing. At the beginning of a period, the production department had 22,000 units in beginning Work in Process inventory which were 41% complete; the department completed and transferred 166,000 units. At the end of the period, 23,000 units were in the ending Work in Process inventory and are 76% complete. Compute the number of equivalent units produced by the department. Multiple Choice O 166,000. 174,460. O 183,480. 144,000. 189,000. Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 38,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 136,000. Units completed and transferred out: 174,000. Ending Inventory: 36,500 units, 100% complete as to materials and 25% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $56,000. Costs in beginning Work in Process - Conversion: $61,850. Costs incurred in February - Direct Materials: $300,000. Costs incurred in February - Conversion: $612,150. Calculate the equivalent units of materials. Multiple Choice 247,000 O 219,625 172,500 178,650 136,000