subject
Business, 07.04.2020 02:56 jamarishayw

A) Milling Dept. The beginning balance of work in process was $280,000. During April, additional costs of $695,000 were incurred. The additional costs were attributable to direct materials (80%), direct labor (10%), and factory overhead (10%). The ending balance of work in process was $165,000.
b) Sanding Dept. The beginning balance of work in process was $180,000. During April, additional costs of $410,000 were incurred. The additional costs were attributable to direct labor (80%) and factory overhead (20%). The ending balance of work in process was $295,000.
c) Cutting Dept. The beginning balance of work in process was $370,000. During April, additional costs of $160,000 were incurred. The additional costs were attributable to direct labor (70%) and factory overhead (30%). The ending balance of work in process was $220,000.
Required:
1. Calculate the transfer of costs between departments and into finished goods.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:30
What is the difference between a public and a private corporation?
Answers: 1
question
Business, 22.06.2019 11:30
Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)
Answers: 2
question
Business, 22.06.2019 12:10
Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%
Answers: 1
question
Business, 22.06.2019 12:20
In terms of precent, beer has more alcohol than whiskey true or false
Answers: 1
You know the right answer?
A) Milling Dept. The beginning balance of work in process was $280,000. During April, additional cos...
Questions
question
Spanish, 18.12.2020 06:10
question
Mathematics, 18.12.2020 06:10
question
Mathematics, 18.12.2020 06:10
question
Mathematics, 18.12.2020 06:10