Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alex company had the following inventories at the

Alex Company had the following inventories at the beginning and end of the month of...

70.2K

Verified Solution

Question

Accounting

Alex Company had the following inventories at the beginning and end of the month of January.
January 1 January 31
Finished Goods $ 125,000 $117,000
Work-in-process 235,000251,000
Direct materials 134,000124,000
The following additional manufacturing data was available for the month of January.
Direct materials purchased $ 189,000
Purchase returns and allowances 1,000
Transportation in 3,000
Direct labor 300,000
Actual factory overhead 175,000
Alex Company applies factory overhead at a rate of 60 percent of direct labor cost, and any overapplied
or underapplied factory overhead is deferred until the end of the year, December 31.
Alex Company's total manufacturing cost for January was

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

Q

what is the relationship between increased fat metabolism and hyperglycemia

Medical Sciences
Q

ii Two polarising plates have polarising directions parallel so as to transmit maximum intensity of...

Physics
Q

What set of reflections would carry trapezoid ABCD onto itself 1 point A BO T...

Geometry
Q

K Graph the equation using th 5x 6y 30

Calculus
Q

A car dealership has 7 red 4 silver and 8 black cars on the lot...

Calculus
Q

Calculate the number of possibilities Choosing first second and third place finishers in a race...

Algebra
Q

5 "The planned introduction of new employees to their jobs. coworkers,...

Accounting
Q

Hannah will use the single filing status when she files her 2021 return. During the...

Accounting
Q

Match the costs with its specific cost classification: A. Product B. Period C. Product D....

Accounting
Q

41. Tax Computation Problem Paul and Donna Decker are married taxpayers, ages 44 and 42,...

Accounting
Q

Detailed analysis of each of these sections is about 1.5 pages 1.1. Litterature review...

Accounting
Q

Lopez, Cruz, and Perez are partners and share net income and loss in a 7:3:1...

Accounting