Business, 05.07.2020 14:01 Ackussinglake63

Sardin Company begins the month of March with $17,000 of work in process costs from Job 324. Information from job cost sheets shows the following additional costs assigned during March, April, and May of 2020: Manufacturing Costs AssignedJob No. March April May324 $26,000 325 20,000 $28,000 $15,000326 41,000 11,000 327 16,000 39,000328 34,000 51,000Job 324 was completed in March. Jobs 325 and 327 were completed in May, and Job 326 was completed in April. Jobs are sold during the month after completion. Total revenue for jobs sold during the 3-month period is $145,000.Required:a. Calculate the balances of the work in process. b. Calculate finished goods inventory accounts at the end of May.

Answers: 1

Show answers

Answers

Answer from: Shathep

Sardin Company

a) Calculation of the balances of the work in process:

March April May

Beginning work in process Job 324 $17,000 $20,000 $98,000

Total Ending work in process $20,000 $98,000 $85,000

March April May

Beginning work in process Job 324 $17,000 $20,000 $98,000

Job 324 26,000

Work started Job 325 20,000 28,000 15,000

326 41,000

326 11,000

327 16,000 39,000

328 34,000 51,000

Ending work in process Job 325 (20,000) (48,000)

327 (16,000)

328 (34,000) (85,000)

Total Ending work in process $20,000 $98,000 $85,000

Work completed Job 324 43,000

Job 326 52,000

Job 327 55,000

Job 325 63,000

Total costs of work completed $43,000 $52,000 $ 118,000

b) Calculation of finished goods inventory accounts at the end of May:

March April May

Beginning finished goods $0 $43,000 $52,000

Costs of work completed $43,000 $52,000 $118,000

Finished goods available $43,000 $95,000 $147,000

less Cost of goods sold $0 $43,000 $52,000

Ending finished goods $43,000 $52,000 $147,000

Explanation:

a) Manufacturing Costs Assigned

Job No. March April May

324 $26,000

325 20,000 $28,000 $15,000

326 41,000 11,000

327 16,000 39,000

328 34,000 51,000

Answer from: Quest

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

Answer from: Quest

answer; rapid growth in buyer demand and high buyer switching cost;

Another question on Business

Business, 21.06.2019 21:00

Add the mips assembly language instructions (after main: ) to complete the following (in this order). do not skip steps. use other registers as needed. actions: 1. initialize the register $s0 to 35 2. prompt the user to enter a number, read the number and then put it into register $s1 3. prompt the user to enter a number, read the number and then put it into register $s2 4. store the value in $s1 into the memory at address 0x10010000. 5. store the value in $s2 into the memory at address 0x10010004. 6. calculate the value of $s0 - $s1 $s2 and store the result in the memory at address 0x10010008. 7. print the following output each on its own line. you will need to determine the location of each of the strings from the beginning of the memory segment a. your name b. the value in address 0x10010000 c. the value in address 0x10010004 d. the value in address 0x10010008 8. exchange or swap the values in $s1 and $s2 9. set the value in $s0 to -$s0

Answers: 2

Answer

Business, 22.06.2019 09:50

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Answers: 2

Answer

Business, 22.06.2019 17:30

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Answers: 3

Answer

Business, 22.06.2019 22:00

What tax is paid by the most people in the united states

Answers: 1

Answer

You know the right answer?

Sardin Company begins the month of March with $17,000 of work in process costs from Job 324. Informa...

Questions