Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 11.00

materials inventory

On September 1, two jobs were in process at Pete’s Patios. Details of the jobs follow: Job Number Direct Materials Direct Labor PP-24 $ 1,004 $ 362 PP-30 625 1,760 -------------------------------------------------------------------------------- Materials Inventory on September 1 totaled $5,460, and $724 worth of materials was purchased during the month. Indirect materials of $99 were withdrawn from materials inventory. On September 1, finished goods inventory consisted of two jobs, PP-12, costing $2,334, and PP-14, with a cost of $924. Costs for both jobs were transferred to Cost of Services Billed during the month. Also during September, Jobs PP-24 and PP-30 were completed. Completing Job PP-24 required an additional $1,440 in direct labor. The completion costs for Job PP-30 included $664 in direct materials and $4,300 in direct labor. Pete’s Patios used a total of $1,894 of direct materials (excluding the $99 indirect materials) during the period, and total direct labor costs during the month amounted to $8,090. Overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years. Required: Compute the costs to complete Jobs PP-24 and PP-30 and the balances in the September 30 inventory accounts. (Omit the "$" sign in your response.) Balance as on September 30 Materials Inventory $ Balance as on September 30 Work-in-Process Inventory $ Balance as on September 30 Finished Goods Inventory $

Answers

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Status NEW Posted 21 Aug 2017 01:08 PM My Price 11.00

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