Here are selected data for Creek Corporation: Cost of materials purchases on account $ 68100 Cost...
Here are selected data for Creek Corporation:
Cost of materials purchases on account $ 68100
Cost of materials requisitioned (includes $ 4600 of indirect)
$ 51700 Direct labor costs incurred
$ 77000 Manufacturing overhead costs incurred, including indirect materials
$ 97800 Cost of goods manufactured
$ 223900 Cost of goods sold
$ 151500 Beginning raw materials inventory
$ 15300 Beginning work in process inventory
$ 30200 Beginning finished goods inventory
$ 33500 Predetermined manufacturing overhead rate (as % of direct labor cost) 140%
What is the balance in work in process inventory at the end of the year?
Homework Answers
| Computation of ending balance in the work - in - process account: | |||
| Beginning work - in - process inventory | = | $ 15,300 | |
| Add: | Cost of materials ($68100 - $4800) | = | $ 63,300 |
| Add: | Direct labor cost | = | $ 51,700 |
| Add: | Manufacturing overheads ($51700 X 140%) | = | $ 72,380 |
| Less: | Cost of goods manufactured | = | $ 97,800 |
| Ending work - in - process inventory | = | $ 1,04,880 | |
| Therefore, Ending work - in - process inventory is $1,04,880 | |||
Add Answer to:
Here are selected data for Creek Corporation:
Cost of materials purchases on account $ 68100
Cost...
Here are selected data for Creek Corporation: Cost of materials purchases on account $ 68 comma...
Here are selected data for Creek Corporation: Cost of materials purchases on account $ 68 comma 400 Cost of materials requisitioned (includes $ 4 comma 500 of indirect) $ 51 comma 200 Direct labor costs incurred $ 77 comma 200 Manufacturing overhead costs incurred, including indirect materials $ 97 comma 700 Cost of goods manufactured $ 223 comma 000 Cost of goods sold $ 151 comma 100 Beginning raw materials inventory $ 14 comma 500 Beginning work in process inventory...
step by step thank you 7) Here are selected data for Tyler Corporation: 2 Cost of...
step by step thank you
7) Here are selected data for Tyler Corporation: 2 Cost of materials purchases on account Cost of materials requisitioned (includes $4,500 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods soldado 35 Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) What is the balance in work in process inventory...
Here is some basic data for Shannon Company: Cost of materials purchases on account $72,000 Cost...
Here is some basic data for Shannon Company: Cost of materials purchases on account $72,000 Cost of materials requisitioned (includes $2,900 of indirect) $53,400 Direct labor costs incurred $79,600 Manufacturing overhead costs incurred, including indirect materials $87,700 Cost of goods completed $257,450 Cost of goods sold $167,200 Beginning raw materials inventory $17,400 Beginning work in process inventory $33,600 Beginning finished goods inventory $35,300 Predetermined manufacturing overhead rate (as % of direct laborcost) 120% The journal entry to record the cost...
accounting class Here is some basic data for Delta Manufacturing: Cost of materials purchases on account...
accounting class
Here is some basic data for Delta Manufacturing: Cost of materials purchases on account Cost of materials requisitioned (includes $2,000 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $ 77,000 45,000 80,000 98,000 276,600 149,000 19,000 35,000 25,000 120% O A. credit...
Cost of materials purchases on account Cost of materials requisitioned (includes $4,600 of indirect) Direct labor...
Cost of materials purchases on account Cost of materials requisitioned (includes $4,600 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $68,800 $51,800 $77,400 $97,600 $223,400 $151,800 $15,100 $30,600 $33,700 140% What is the balance in work in process inventory at the end of the...
his Question: 3 pts Here is some basic data for Superfly Company: Cost of materials purchases...
his Question: 3 pts Here is some basic data for Superfly Company: Cost of materials purchases on account Cost of materials requisitioned (includes $2,700 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $73,000 $53,100 $79,500 $87,900 $256,950 $167,300 $17,600 $33,000 $35,300 130% O A....
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor...
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
Here are selected data for King Friday Corporation: Beginning raw materials inventory $37,000 Beginning work in...
Here are selected data for King Friday Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory $61,600 Beginning finished goods inventory $56,300 Cost of materials purchased $151,000 Cost of direct materials requisitioned $91,800 Direct labor incurred $125,000 Actual manufacturing overhead $160,000 Cost of goods manufactured $287,500 Cost of goods sold $265,000 Predetermined Manufacturing overhead rate (% of direct labor) 125% What is the ending work in process inventory balance? A. $220,300 B. $201,950 C. $147,150 D. $211,600
This Question: 1 pt 3 of 20 2 completel Here is some besic data for Deita...
This Question: 1 pt 3 of 20 2 completel Here is some besic data for Deita Manufacturing Cost of materials purchases on account $77,100 $45,300 s81,200 $99,000 Cost of materials requisitioned (includes $2.200 of indirect)o Direct labor costs incumed Manufacturing overhead costs incured, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning firished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost $277.000 $149.600 $35,300...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 17,000 150,000 10,000 90,000 147,000 12,000 $426,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $420,000 $ 80,000...
step by step thank you
7) Here are selected data for Tyler Corporation: 2 Cost of materials purchases on account Cost of materials requisitioned (includes $4,500 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods soldado 35 Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) What is the balance in work in process inventory...
accounting class
Here is some basic data for Delta Manufacturing: Cost of materials purchases on account Cost of materials requisitioned (includes $2,000 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $ 77,000 45,000 80,000 98,000 276,600 149,000 19,000 35,000 25,000 120% O A. credit...
Cost of materials purchases on account Cost of materials requisitioned (includes $4,600 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $68,800 $51,800 $77,400 $97,600 $223,400 $151,800 $15,100 $30,600 $33,700 140% What is the balance in work in process inventory at the end of the...
his Question: 3 pts Here is some basic data for Superfly Company: Cost of materials purchases on account Cost of materials requisitioned (includes $2,700 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $73,000 $53,100 $79,500 $87,900 $256,950 $167,300 $17,600 $33,000 $35,300 130% O A....
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
This Question: 1 pt 3 of 20 2 completel Here is some besic data for Deita Manufacturing Cost of materials purchases on account $77,100 $45,300 s81,200 $99,000 Cost of materials requisitioned (includes $2.200 of indirect)o Direct labor costs incumed Manufacturing overhead costs incured, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning firished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost $277.000 $149.600 $35,300...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 17,000 150,000 10,000 90,000 147,000 12,000 $426,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $420,000 $ 80,000...
Most questions answered within 3 hours.
-
what is IoT? How is it being used today? How will it be used in
the...
asked 1 second from now -
Please answer the four questions below.
1. If you were going to test a method that...
asked 14 minutes ago -
Provide two or three examples of support he uses to reinforce
his arguments?
The Alienation of...
asked 22 minutes ago -
QUESTION 1
Why do we see terms with multiple names in the database
community?
Consistency is...
asked 17 minutes ago -
In a titration experiment, 11.5 mL of 0.400 M H2SO4 neutralized
48.0 mL of NaOH. What...
asked 21 minutes ago -
A shot-putter throws the shot with a horizontal velocity of 10
m/s and a
vertical velocity...
asked 37 minutes ago -
Mildred sells industrial-sized refrigeration units. Her
prospective buyer's face looks tense, and his forehead is wrinkled....
asked 38 minutes ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 1 hour ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 1 hour ago -
Jensen and Associates has a projected balance
sheet that includes the following accounts. What is the...
asked 54 minutes ago -
implement a doubly-linked list in C. Each node in the linked list should contain a string,...
asked 1 hour ago -
What are some best practices and things to avoid when developing
a PowerPoint presentation or file
asked 1 hour ago