Business, 04.04.2020 01:59 dndndndnxmnc
Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Beginning Inventory Ending Inventory Raw materials inventory $144,000 $253,000 Work in process inventory—Weaving 300,000 335,000 Work in process inventory—Sewing 625,000 710,000 Finished goods inventory 1,336,000 1,456,000The following additional information describes the company’s manufacturing activities for June:Raw materials purchases (on credit) $695,000 Factory wages cost (paid in cash) 3,330,000 Other factory overhead cost-(Other Accounts credited) 168,000 Materials used Direct—Weaving $242,000 Direct—Sewing 111,000 Indirect 138,000 Labor used Direct—Weaving $1,375,000 Direct—Sewing 560,000 Indirect 1,625,000 Overhead rates as a percent of direct labor Weaving 90%Sewing 160%Sales (on credit) $4,850,000 Required:1. Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold.2. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from sewing to finished goods, and (c) sale of finished goods.
Answers: 1
Business, 22.06.2019 12:50, emarquez05
Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?
Answers: 2
Business, 22.06.2019 22:20, Bamaboy8804
Which of the following events could increase the demand for labor? a. an increase in the marginal productivity of workers b. a decrease in the amount of capital available for workers to use c. a decrease in the wage paid to workers d. a decrease in output price
Answers: 1
Business, 23.06.2019 00:30, ncosmebaez15
You have been solicited to conduct a performance evaluation for a public organization that has been corrupted over issues of personnel embezzling funds. before actually conducting the evaluation, you—the evaluator—need to know certain specifics to conduct a thorough evaluation. compose a proposal that describes what type of evaluation will be conducted. in the proposal, explain the type of public organization. describe some of the main services, products, and activities the organization provides to the public. describe the size of the problem, who is affected by the problem, how long the problem has been in existence, and how long the evaluation will take. also, describe what the evaluation will assess with respect to organizational leadership. finally, what outcomes do you propose the evaluation will to achieve for the organization?
Answers: 2
Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a s...
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