subject
Business, 26.03.2020 20:00 math10030

Beck Company has inventory of $ 740 comma 000 in its stores as of December 31. It also has two shipments inminustransit that left the suppliers' warehouses by December 28. Both shipments are expected to arrive on January 5. The first shipment of $ 236 comma 000 was sold f. o.b. destination and the second shipment of $ 108 comma 000 was sold f. o.b. shipping point. Beck Company also has consigned goods of $ 75 comma 000 awaiting sale with Meyer Company. What amount of inventory should Beck Company report on its balance sheet as of December 31?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:30, strikeboystorm
White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?
Answers: 3
image
Business, 22.06.2019 02:40, TerronRice
Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?
Answers: 3
image
Business, 22.06.2019 07:20, tynyiaawrightt
Go follow my instagram atx_humberto
Answers: 2
image
Business, 22.06.2019 08:40, alvalynnw
Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates
Answers: 2
You know the right answer?
Beck Company has inventory of $ 740 comma 000 in its stores as of December 31. It also has two shipm...

Questions in other subjects: