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 67 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
:D TYSM

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

The biological process of nitrogen fixation The biological process of nitrogen fixation
Organisms can be classified according to their source of energy Organisms can be classified according to their source of energy
Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f
Protein Needs Are Determined by Nitrogen Balance in Your Body Protein Needs Are Determined by Nitrogen Balance in Your Body
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Chemistry work Chemistry work
Video: Atrophy

For a complete list of videos, visit our video library