Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 6.00

Flagstaff Enterprises

T Account Analysis with Unknowns

Flagstaff Enterprises makes flagpoles. Dan Dal ripple, the company’s new controller, can find only the following partial information for the past two months:

Account/Transaction

May

June

Beginning Materials Inventory

$ 36,240

$ e

Beginning Work in Process Inventory

56,480

f

Beginning Finished Goods Inventory

44,260

g

Materials purchased

a

96,120

Direct materials requested

82,320

h

Direct labor costs

b

72,250

Overhead applied

53,200

i

Cost of units completed

c

221,400

Cost of Goods Sold

209,050

j

Ending Materials Inventory

38,910

41,950

Ending Work in Process Inventory

d

k

Ending Finished Goods Inventory

47,940

51,180

The current year’s predetermined overhead rate is 80 percent of direct labor cost.

Required

Using the data provided and T accounts, compute the unknown values.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 09:09 PM My Price 6.00

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