Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. \table[[,work in process-painting],[51,balance,3,7

\table[[,Work in Process-Painting],[51,Balance,3,790,531,Completed and transferred out ?],[531,Direct materials,6,160,,],[531,Directlabor,4,068,,],[531,Manufacturing overhead,2,280,,],[531,Balance,?,,]] Production records show that...

90.2K

Verified Solution

Question

Accounting

\table[[,Work in Process-Painting],[51,Balance,3,790,531,Completed and transferred out ?],[531,Direct materials,6,160,,],[531,Directlabor,4,068,,],[531,Manufacturing overhead,2,280,,],[531,Balance,?,,]]
Production records show that there were 600 units in the beginning inventory, 30% complete, 1,700 units started into production, and 1,500 units completed and transferred out. The beginning work in process had materials cost of $3,040 and conversion costs of $750. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process.
(a)
Your answer is correct.
How many units are in process at May 31?
Work in process, May 31
units
Attempts: 2 of 5 used
(b)
X Your answer is incorrect.
What is the unit materials cost for May? (Round unit cost to 2 decimal places, e8.225)
The unit materials cost for May
Seve for Later
Attempts: 3 of 5 used
(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

a.) Estimate the freezing point of 250 mL of water to which 8.5g of magnesium nitrate...

Medical Sciences
1.2K views

what are the different stages of follicle development in the ovary and what happens in each

Mechanical Engineering
1.2K views

what do you mean by the term ‘psychrometry’?

General Management
1.2K views

1. In your opinion; what are the pros and cons of globalization? 2. How has the economic...

Biology
1.2K views

Chemical formula of hydrochloric acid is OHCI O HCIO O HdOz HCIO3

Physics
1.2K views

Alternating Current 127 20 If reading of voltmeter V shown in the figure at resonance...

Physics
1.2K views

10 V A H 2 uF 1 7 5 V 2 15 V 3 5...

Physics
1.2K views

The position of centre of pressure on a plane surface immersed vertically in a static...

Algebra
1.2K views

Solve.3x+632X-47X-2Select the correct choice below and, if necessary, fill in the answer box to complete...

Algebra
1.2K views

Write an equation to represent the following statement Let p the number of pens and...

Accounting
1.2K views

Hel Present and future value tables of $1 at 3% are presented below: N 1...

Finance
1.2K views

The amount of SR17,696 has increased to SR29,084 in 6 years at the rate of...