looking for some help on how to do it and the answers, thank you in advance!
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $203.600 of raw materials on credit, issued materials to production of $200,000 of which $33.900 were indirect. Minstrel incurred a factory payroll of $157,800, of which 143,000 was indirect labor. Minstrelsesa predetermined overhead application rate of 150% of direct labor cost. Minstrels 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 $469.900 $440,300 o $446.050 $442.300 The Work in Process Inventory account of a manufacturing company has a $4100 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 $1940 and direct labor cost of 5720. Therefore the amount of oplied overhead is Multiple Choice O $2.60 O $20 $1.440 . 5720 O $ 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 4 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 70% complete Compute the number of equivalent units produced by the department Multiple Choice 166000 174.460 O 33.400 144.000 189.000 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: $612150, Calculate the equivalent units of materials. Multiple Choice 247.000 219,625 172.500 O 170.630 136.000 Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $203.600 of raw materials on credit, issued materials to production of $200,000 of which $33.900 were indirect. Minstrel incurred a factory payroll of $157,800, of which 143,000 was indirect labor. Minstrelsesa predetermined overhead application rate of 150% of direct labor cost. Minstrels 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 $469.900 $440,300 o $446.050 $442.300 The Work in Process Inventory account of a manufacturing company has a $4100 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 $1940 and direct labor cost of 5720. Therefore the amount of oplied overhead is Multiple Choice O $2.60 O $20 $1.440 . 5720 O $ 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 4 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 70% complete Compute the number of equivalent units produced by the department Multiple Choice 166000 174.460 O 33.400 144.000 189.000 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: $612150, Calculate the equivalent units of materials. Multiple Choice 247.000 219,625 172.500 O 170.630 136.000
