Homework Answers
| Answer: | |
| Particulars | Amount (in $ ) |
| Balance of Beginning Work in progress inventory | $ 7,800 |
| Add: Materials in WIP | $ 18,600 |
| Add: Labor in WIP | $ 13,800 |
| Add: Overhead in WIP | $ 8,300 |
| Less: Transferred out to Finished goods | ( $ 39,800) |
| Balance of Ending Work in progress inventory | $ 8,700 |
Add Answer to:
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 9,400 ? Transferred Out Purchases End. Bal. 7,800 Cost of Goods Sold 71,000 Work-in-process Inventory Beg. Bal. 8,900 ? Transferred Out Materials 20,800 Labor 14,900 Overhead 9,400 End. Bal. Finished Goods...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,800 ? Transferred Out Purchases ? End. Bal. 7,200 Cost of Goods Sold 65,000 Work-in-Process Inventory Beg. Bal. 8,300 ? Transferred Out Materials 19,600 Labor 14,300 Overhead 8,800 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 9,000 ? Transferred Out Purchases ? End. Bal. 7,400 Cost of Goods Sold 67,000 Work-in-Process Inventory Beg. Bal. 8,500 ? Transferred Out Materials 20,000 Labor 14,500 Overhead 9,000 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,000 ? Transferred Out Purchases ? End. Bal. 6,400 Cost of Goods Sold 57,000 Work-in-Process Inventory Beg. Bal. 7,500 ? Transferred Out Materials 18,000 Labor 13,500 Overhead 8,000 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,100 ? Transferred Out Purchases ? End. Bal. 6,500 Cost of Goods Sold 58,000 Work-in-Process Inventory Beg. Bal. 7,600 ? Transferred Out Materials 18,200 Labor 13,600 Overhead 8,100 End. Bal. ?...
please answer The financial records for the Harrison Manufacturing Company have been destroyed in a fire....
please
answer
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained From a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts Direct Materials Inventory Beg. Bal. 9,700 ? Transferred Out Purchases ? Cost of Goods Sold 74,000 Finished Goods Inventory Beg. Bal. Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Transferred Out Materials...
me financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
me financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained om a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing mounts Direct Materials Inventory Beg. Bal. 9,700 Transferred Out Purchases ? Cost of Goods Sold 74,000 Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Materials 21,400 Labor 15,200 Overhead 9,700 End. Bal. Finished Goods Inventory...
The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning...
The following trial balance was taken from the records of
Fairport Manufacturing Company at the beginning of Year 3.
The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning of Year 3. Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $43,400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400...
Munoz Plastic Products Company makes a plastic toy using two departments: parts and assembly. The...
Munoz Plastic Products Company makes a plastic toy using two
departments: parts and assembly. The following data pertain to the
parts department’s transactions in 2018:
The beginning balance in the Work in Process Inventory account
was $12,300. This inventory consisted of parts for 1,000 toys. The
beginning balances in the Raw Materials Inventory, Production
Supplies, and Cash accounts were $162,350, $2,000, and $400,000,
respectively.
Direct materials costing $138,750 were issued to the parts
department. The materials were sufficient to make...
Sineath Industries had a fire and some of its accounting records were destroyed. Available information is...
Sineath Industries had a fire and some of its accounting records were destroyed. Available information is presented below for the year ended December 31, 2011 Materials inventory, December 31, 2011 $15,000 Direct materials purchased 28,000 Direct materials used 22.900 Cost of goods manufactured 135,000 Additional information is as follows: Factory overhead is 150% of direct labor cost. Finished goods inventory decreased by $18,000 during the year. Work in process inventory increased by $12,000 during the year, Calculate: a) materials inventory,...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 9,400 ? Transferred Out Purchases End. Bal. 7,800 Cost of Goods Sold 71,000 Work-in-process Inventory Beg. Bal. 8,900 ? Transferred Out Materials 20,800 Labor 14,900 Overhead 9,400 End. Bal. Finished Goods...
please
answer
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained From a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts Direct Materials Inventory Beg. Bal. 9,700 ? Transferred Out Purchases ? Cost of Goods Sold 74,000 Finished Goods Inventory Beg. Bal. Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Transferred Out Materials...
me financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained om a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing mounts Direct Materials Inventory Beg. Bal. 9,700 Transferred Out Purchases ? Cost of Goods Sold 74,000 Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Materials 21,400 Labor 15,200 Overhead 9,700 End. Bal. Finished Goods Inventory...
The following trial balance was taken from the records of
Fairport Manufacturing Company at the beginning of Year 3.
The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning of Year 3. Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $43,400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400...
Munoz Plastic Products Company makes a plastic toy using two
departments: parts and assembly. The following data pertain to the
parts department’s transactions in 2018:
The beginning balance in the Work in Process Inventory account
was $12,300. This inventory consisted of parts for 1,000 toys. The
beginning balances in the Raw Materials Inventory, Production
Supplies, and Cash accounts were $162,350, $2,000, and $400,000,
respectively.
Direct materials costing $138,750 were issued to the parts
department. The materials were sufficient to make...
Sineath Industries had a fire and some of its accounting records were destroyed. Available information is presented below for the year ended December 31, 2011 Materials inventory, December 31, 2011 $15,000 Direct materials purchased 28,000 Direct materials used 22.900 Cost of goods manufactured 135,000 Additional information is as follows: Factory overhead is 150% of direct labor cost. Finished goods inventory decreased by $18,000 during the year. Work in process inventory increased by $12,000 during the year, Calculate: a) materials inventory,...
Most questions answered within 3 hours.
-
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 1 hour ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 1 hour ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 3 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 2 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 2 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 3 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 3 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 3 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 3 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 4 hours ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 5 hours ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 5 hours ago