Business, 03.03.2020 18:24 josephfoxworth

Compute the cost of goods transferred out and the ending inventory using the weighted-average method. The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day: Beginning WIP inventory Direct materials $ 991 Conversion costs 332 Current period costs Direct materials 13,100 Conversion costs 6,485 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 650 units (60% complete as to materials, 54% complete as to conversion) Current period units started 4,400 units Ending inventory 1,300 units (40% complete as to materials, 20% complete as to conversion)

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 19:00, makaylahunt

James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u. s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a:

Answers: 3

continue

Business, 22.06.2019 20:00, adriannacomrosenbark

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Answers: 2

continue

Business, 22.06.2019 20:20, wavymoney77yt

Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?

Answers: 1

continue

Business, 22.06.2019 22:00, tannercarr3441

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm. b. implicit costs. c. operating costs. d. fixed costs.

Answers: 2

continue

You know the right answer?

Compute the cost of goods transferred out and the ending inventory using the weighted-average method...