Question
Ralph Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The followingcosts are given for April: Cutting Assembly Finishing direct materials
Ralph Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The followingcosts are given for April:
|
| Cutting | Assembly | Finishing |
| direct materials | $7,000 | $10,000 | $3,000 |
| direct labor | 3,000 | 14,000 | 2,000 |
| applied overhead | 2,000 | 5,000 | 6,000 |
There were no beginning work in process inventories and 1,000 podiums were produced.
What was the cost transferred from Assembly department to Finishing department?
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Surviving An IRS Tax Audit
Authors: Frederick W. Daily
3rd Edition
1413318649, 978-1413318647
