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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Richard borrowed 50,000 from a bank at 12% (APR) semiannually compounded interest to be repaid in...

Finance
Q

4.Summarize how babies are made. List all the things that need to occur for a baby...

Medical Sciences
Q

Short answer questions: How can a problem with the ciliary body or the canal of Schlemm...

Medical Sciences
Q

Marfan syndrome affects the connective tissue and causes individuals to have long thin arms legs...

Biology
Q

Find the area of the figure Sides meet at right angles 7 ft 8 ft...

Geometry
Q

13 A2 11 10 9 f r 8 D 43 42 4 The curve above...

Basic Math
Q

Yesterday, Ivan went on a bike ride. His average speed was 9 miles per hour....

Basic Math
Q

A 5 inch rod is placed along the z axis starting at x 2 The...

Calculus
Q

You have been recently hired by a biotechnology firm. The firm historically pursued a cost-leadership...

Accounting
Q

Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as...

Accounting
Q

A firm's bonds have a maturity of 8 years with a $1,000 face value, have...

Finance
Q

please answer every blank Commercial Division YOZAMBA TECHNOLOGY Divisional Income...

Accounting