Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. department a had 1,000 units in work in process th

Department A had 1,000 units in Work in Process that were 60% completed at the...

80.2K

Verified Solution

Question

Accounting

Department A had 1,000 units in Work in Process that were 60% completed at the beginning of the period at a cost of $7,000. During the period, 4,000 units of direct materials were added at a cost of $8,200, and 4,500 units were completed. At the end of the period, 500 units were 40% completed. All materials are added at the beginning of the process. Direct labor was $28,700 and factory overhead was $4,510. The cost of the 500 units in process at the end of the period if the first-in, first-out method is used to cost inventories was?

Can someone break this down for me to understand more clearly?

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

1) Cr2O7^2- (aq) + NO2^-(aq) -> Cr^3+(aq) + NO3^-(aq) Whats the coefficient of water after balancing...

Chemistry
Q

Please define and explain the terms Ahura Mazada, Kusti, Mithra, And Dakhma.

Psychology
Q

(6.5) A fish farmer produces rainbow trout for stocking by private land owners and fishing...

Biology
Q

4 In a common emitter CE amplifier having a voltage gain G the transistor used...

Physics
Q

1. Salary $100,000 2. Interest from State of Montana bond $5,000. ...

Accounting
Q

What are the fundamental differences between a traditional costing system and an activity - based...

Accounting
Q

A pool of mortgages contains 3.75%, 30-year loans with the total beginning balance of $100.75...

Accounting
Q

HDT Incorporated is preparing its cash budget for February. The budgeted beginning cash balance is...

Accounting
Q

Accounting
Q

Marty and Jean are married and have 4-year-old twins. Jean is going to school full-time...

Accounting
Q

Calculate the normal, least-cost, and crash durations for the following project. Calculate the cost associated...

Finance
Q

2. Three employees are retiring from Jefferson City. Your job as the human resource officer...

Accounting