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The ledger of American Company has the following work in process account. WORK IN PROCESS MANUFACTURING COSTS Raw Materials Factory Manufacturing Inventory Labor Overhead FINISHED GOODS INVENTORY $6,940 $4,766 Balance May 1 Materials Labor Overhead Transfer out Balance May 31 Painting $3,790 6,940 4,766 2,280 - ? $? -$2,280 ? Production records show that there were 600 units in the beginning inventory, 30% complete, 1,600 units started, and 1,600 units transferred out. The beginning work in process had materials cost...
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The ledger of American Company has the following work in process account Work in Process-Painting 5/1 Balance 3,890 5/31 Transferred out ? 5/31 Materials 6,400 5/31 Labor 4,998 5/31 Overhead 1,680 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1.700 units started, and 1,600 units transferred out. The beginning work in process had materials cost of $2,840 and conversion costs of $1,050. The unitsin ending inventory were 40% complete. Materials are...
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The ledger of American Company has the following work in process account. Work in Process --Painting 5/1 Balance 3,7905/31 Transferred out 5/31 Materials 5.780 5/21 Labor 2,478 5/31 Overhead 2.280 5/21 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,700 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,140 and conversion costs of $1,650. The units in ending inventory were 40% complete. Materials are entered...
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The ledger of Lily Company has the following work in process
account.
Work in Process—Painting
5/1
Balance
3,890
5/31
Transferred out
?
5/31
Materials
5,320
5/31
Labor
3,018
5/31
Overhead
1,380
5/31
Balance
?
Production records show that there were 400 units in the beginning
inventory, 30% complete, 1,700 units started, and 1,400 units
transferred out. The beginning work in process had materials cost
of $2,240 and conversion costs of $1,650. The units in ending
inventory were 40% complete. Materials...
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The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,890 5/31 Transferred out 5/31 Materials 6,960 5/31 Labor 4,550 5/31 Overhead 1,880 5/31 Balance Production records show that there were 600 units in the beginning inventory, 30% complete, 1,800 units started, and 1,600 units transferred out. The beginning work in process had materials cost of $2,640 and conversion costs of $1,250. The units in ending inventory were 40% complete. Materials are entered...
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The ledger of American Company has the following work in process
account.
Work in Process—Painting
5/1
Balance
3,690
5/31
Transferred out
?
5/31
Materials
6,820
5/31
Labor
5,262
5/31
Overhead
1,280
5/31
Balance
?
Production records show that there were 500 units in the beginning
inventory, 30% complete, 1,800 units started, and 1,400 units
transferred out. The beginning work in process had materials cost
of $2,840 and conversion costs of $850. The units in ending
inventory were 40% complete. Materials...
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The ledger of American Company has the following work in process
account.
Work in Process—Painting
5/1 Balance 3,690 5/31 Transferred out ?
5/31 Materials 5,740
5/31 Labor 2,682
5/31 Overhead 2,480
5/31 Balance ?
Production records show that there were 400 units in the
beginning inventory, 30% complete, 1,700 units started, and 1,500
units transferred out. The beginning work in process had materials
cost of $2,240 and conversion costs of $1,450. The units in ending
inventory were 40% complete. Materials...
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The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,790 5/31 Transferred out 5/31 Materials 7,030 ? 5/31 Labor 5,648 1,580 5/31 Overhead 5/31 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,600 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,840 and conversion costs of $950. The units in ending inventory were 40% complete. Materials are...
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The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,790 5/31 Transferred out 5/31 Materials 5,700 5/31 Labor 3,156 5/31 Overhead 2,080 5/31 Balance Production records show that there were 600 units in the beginning inventory, 30% complete, 1,600 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,440 and conversion costs of $1,350. The units in ending inventory were 40% complete. Materials are entered...
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The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,790 5/31 Transferred out ? 5/31 Materials 7,030 5/31 Labor 5,648 5/31 Overhead 1,580 5/31 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,600 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2.840 and conversion costs of $950. The units in ending inventory were 40% complete. Materials are...
The ledger of American Company has the following work in process account. WORK IN PROCESS MANUFACTURING COSTS Raw Materials Factory Manufacturing Inventory Labor Overhead FINISHED GOODS INVENTORY $6,940 $4,766 Balance May 1 Materials Labor Overhead Transfer out Balance May 31 Painting $3,790 6,940 4,766 2,280 - ? $? -$2,280 ? Production records show that there were 600 units in the beginning inventory, 30% complete, 1,600 units started, and 1,600 units transferred out. The beginning work in process had materials cost...
The ledger of American Company has the following work in process account Work in Process-Painting 5/1 Balance 3,890 5/31 Transferred out ? 5/31 Materials 6,400 5/31 Labor 4,998 5/31 Overhead 1,680 5/31 Balance ? Production records show that there were 500 units in the beginning inventory, 30% complete, 1.700 units started, and 1,600 units transferred out. The beginning work in process had materials cost of $2,840 and conversion costs of $1,050. The unitsin ending inventory were 40% complete. Materials are...
The ledger of American Company has the following work in process account. Work in Process --Painting 5/1 Balance 3,7905/31 Transferred out 5/31 Materials 5.780 5/21 Labor 2,478 5/31 Overhead 2.280 5/21 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,700 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,140 and conversion costs of $1,650. The units in ending inventory were 40% complete. Materials are entered...
The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,890 5/31 Transferred out 5/31 Materials 6,960 5/31 Labor 4,550 5/31 Overhead 1,880 5/31 Balance Production records show that there were 600 units in the beginning inventory, 30% complete, 1,800 units started, and 1,600 units transferred out. The beginning work in process had materials cost of $2,640 and conversion costs of $1,250. The units in ending inventory were 40% complete. Materials are entered...
The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,790 5/31 Transferred out 5/31 Materials 7,030 ? 5/31 Labor 5,648 1,580 5/31 Overhead 5/31 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,600 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,840 and conversion costs of $950. The units in ending inventory were 40% complete. Materials are...
The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,790 5/31 Transferred out 5/31 Materials 5,700 5/31 Labor 3,156 5/31 Overhead 2,080 5/31 Balance Production records show that there were 600 units in the beginning inventory, 30% complete, 1,600 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2,440 and conversion costs of $1,350. The units in ending inventory were 40% complete. Materials are entered...
The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,790 5/31 Transferred out ? 5/31 Materials 7,030 5/31 Labor 5,648 5/31 Overhead 1,580 5/31 Balance Production records show that there were 500 units in the beginning inventory, 30% complete, 1,600 units started, and 1,500 units transferred out. The beginning work in process had materials cost of $2.840 and conversion costs of $950. The units in ending inventory were 40% complete. Materials are...