{
    "key_pair_value_system": true,
    "answer_rating_count": "",
    "question_feedback_html": {
        "html_star": "",
        "html_star_feedback": ""
    },
    "answer_average_rating_value": "",
    "answer_date_js": "2024-06-29T02:46:38-04:00",
    "answer_date": "2024-06-29 02:46:38",
    "is_docs_available": null,
    "is_excel_available": null,
    "is_pdf_available": null,
    "count_file_available": 0,
    "main_page": "student_question_view",
    "question_id": "4452317",
    "url": "\/study-help\/questions\/winfrey-cos-march-31-inventory-of-raw-materials-is-4452317",
    "question_creation_date_js": "2024-06-29T02:46:38-04:00",
    "question_creation_date": "Jun 29, 2024 02:46 AM",
    "meta_title": "[Solved] Winfrey Co.'s March 31 inventory of raw m | SolutionInn",
    "meta_description": "Answer of - Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw materials purchases in April are $ 400,000, and f | SolutionInn",
    "meta_keywords": "winfrey,s,march,31,inventory,raw,materials,$,150,0000,purchases,april,400,000",
    "question_title_h1": "Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw materials purchases in April are $ 400,000, and factory payroll cost in April",
    "question_title": "Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw",
    "question_title_for_js_snippet": "Winfrey Co 's March 31 inventory of raw materials is $ 150,0000  Raw materials purchases in April are $ 400,000, and factory payroll cost in April $220,000  Overhead costs incurred in April are  indirect materials, $30,000  indirect labor, $14,000  factory rent, $20,000  factory utilities, $ 12,000  and factory equipment depreciation, $30,000  The predetermined overhead rate is 50  of direct labor cost  Job 306 is sold for $380,000 cash in April  Costs of the three jobs worked on in April follow  Balances on March 31  Direct Materials  Job 306   $14,000 Job 307   $18,000 Direct Labor  Job 306  18,000 Job 307   16,000 Applied Overhead  Job 306   9,000 Job 307   8,000 Costs during April  Direct materials  Job 306   100,000 Job 307   170,000 Job 308   80,000 Direct Labor  Job 306   30,000 Job 307   56,000 Job 308   120,000 Applies Overhead  Job 306, 307,   308        Status on April 30  Job 306   Finished(sold) Job 307   Finished (unsold) Job 308   In process Part 1  Determine the total of each production cost incurred for April (Direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including balances from March 31)",
    "question_description": "Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw materials purchases in April are $ 400,000, and factory payroll cost in April $220,000. Overhead costs incurred in April are: indirect materials, $30,000; indirect labor, $14,000; factory rent, $20,000; factory utilities, $ 12,000; and factory equipment depreciation, $30,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $380,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31: Direct Materials: Job 306 = $14,000 Job 307 = $18,000 Direct Labor: Job 306= 18,000 Job 307 = 16,000 Applied Overhead: Job 306 = 9,000 Job 307 = 8,000 Costs during April: Direct materials: Job 306 = 100,000 Job 307 = 170,000 Job 308 = 80,000 Direct Labor: Job 306 = 30,000 Job 307 = 56,000 Job 308 = 120,000 Applies Overhead: Job 306, 307, & 308 = =??? Status on April 30: Job 306 = Finished(sold) Job 307 = Finished (unsold) Job 308 = In process Part 1: Determine the total of each production cost incurred for April (Direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including balances from March 31)",
    "transcribed_text": "",
    "related_book": {
        "title": "Accounting Principles",
        "isbn": "1119491630, 978-1119491637, 978-0470534793",
        "edition": "10th Edition",
        "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/54.jpg",
        "uri": "\/textbooks\/accounting-principles-10th-edition-54",
        "see_more_uri": ""
    },
    "free_related_book": {
        "isbn": "0802197647",
        "uri": "\/textbooks\/not-fade-away-1st-edition-9780802197641",
        "name": "Not Fade Away",
        "edition": ""
    },
    "question_posted": "2024-06-29 02:46:38",
    "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08",
    "step_by_step_answer": "The Answer is in the image, click to view ...",
    "students_also_viewed": [
        {
            "url": "\/locate-the-center-of-gravity-xc-yc-zc-of-the",
            "description": "Locate the center of gravity (xc, yc, zc) of the homogeneous wire. Given: a = 300 mm b = 400 mm b",
            "stars": 3
        },
        {
            "url": "\/study-help\/introduction-to-probability-statistics\/669-bearing-diameters-a-machine-operation-pro-duces-bearings-whose-1983180",
            "description": "6.69 Bearing Diameters A machine operation pro- duces bearings whose diameters are normally distrib- uted, with mean and standard deviation equal to 1.265 and 0.005, respectively. If specifications...",
            "stars": 3
        },
        {
            "url": "\/discuss-three-examples-of-how-humans-utilize-microbes-and-their",
            "description": "Discuss three examples of how humans utilize microbes and their products today.",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/please-answer-the-relevant-question-6-excel-sheet-is-the-9866008",
            "description": "please answer the relevant question #6. excel sheet is the answers to reference and create a excel table to post. Cost savings for the years the systems are in use will remain as shown in Figure 1...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/2021-sales-cost-of-goods-sold-accounts-receivable-498809-1179667",
            "description": "2021 Sales Cost of goods sold Accounts receivable $ 498,809 256,843 24,242 2020 $ 323,902 166,740 18,948 2019 $ 255,041 133,871 17,521 2018 $ 180,880 93,949 10,563 2017 $ 133,000 67,830 9,071 Compute...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/the-international-space-station-considers-what-many-believe-to-have-1000486",
            "description": "The International Space Station considers what many believe to have been the ultimate international engineering project in history. The initial plans involved the direct participation of 16 nations,...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/two-days-after-talking-with-karen-daniel-received-a-packet-1211230",
            "description": "Two days after talking with Karen, Daniel received a packet of information from the mayor s office. The information included news clippings, minutes from community meetings, and the telephone numbers...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/decedent-is-a-citizen-of-the-philippines-and-a-resident-4621348",
            "description": "Decedent is a citizen of the Philippines and a resident of Quezon City, died leaving the following: Rest house in Batangas inherited from his father during marriage Car received as gift from his...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/ion-16-of-21-identify-whether-each-scenario-is-4760063",
            "description": "ion 16 of 21 > Identify whether each scenario is an example of a marginal cost, marginal benefit, or neither. Answer Bank a marginal cost. not marginal. a marginal benefit. Chipset, Inc. sells...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/choose-23-changes-you-would-consider-making-to-deal-with-1050414",
            "description": "Choose 2-3 changes you would consider making to deal with some of the potential issues that might be leading to turnover. what key concepts you think apply, some potential solutions to the problem...",
            "stars": 3
        }
    ],
    "next_back_navigation": {
        "previous": "\/study-help\/questions\/lowell-company-makes-and-sells-artistic-frames-for-pictures-the-4452316",
        "next": "\/study-help\/questions\/will-air-resistance-friction-with-the-air-have-an-effect-4452318"
    },
    "breadcrumbs": [
        {
            "name": "Study help",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers"
        },
        {
            "name": "Business",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business"
        },
        {
            "name": "Accounting",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting"
        },
        {
            "name": "Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/winfrey-cos-march-31-inventory-of-raw-materials-is-4452317"
        }
    ],
    "skill_details": {
        "skill_id": "9",
        "skill_name": "Accounting",
        "parent_id": "1"
    }
}}
}