This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At Plastics Source, Inc., the beginning balance of the work in process inventory account in April of ... (Read 99 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jan 4, 2020
At Plastics Source, Inc., the beginning balance of the work in process inventory account in April of the most recent year was $17,000. Direct materials used during April totaled $140,000. Total manufacturing labour incurred in April was $163,500, 80% of this amount represented direct labour. The predetermined manufacturing overhead rate is 120% of direct labour cost. Actual manufacturing overhead costs for April amounted to $155,000.

In April, two jobs were completed with total costs of $102,000 and $82,000, respectively. In April, the two jobs were sold on account for $175,000 and $127,000, respectively.
a) Compute the balance in work in process inventory on April 30.
b) Record the journal entry for direct materials used in April.
c) Record the journal entry to record labour costs for April.
d) Record the journal entry for allocated manufacturing overhead for April.
e) Record the entry to move the completed jobs into finished goods inventory in April.
f) Record the entry to sell the two completed jobs on account in April.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mydiamond on Jan 4, 2020

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jan 4, 2020
Wow, this really help

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
Work and Gender: Women at Work in India Work and Gender: Women at Work in India
After all valves have been properly measured and adjusted as necessary, start the reassembly process ... After all valves have been properly measured and adjusted as necessary, start the reassembly process ...
If the pump is not running, check the wiring and current flow before going through the process of ... If the pump is not running, check the wiring and current flow before going through the process of ...
Electrophoresis gel in a densitometer. (a) The green light from the slit light source is visible ... Electrophoresis gel in a densitometer. (a) The green light from the slit light source is visible ...
How Does Earth Work? Physical Geology and the Process of Science, 2nd Edition How Does Earth Work? Physical Geology and the Process of Science, 2nd Edition
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library