Maurice Tutor

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About Maurice Tutor

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Expertise:
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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, 2 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 26 Sep 2017 My Price 9.00

Bluebird Manufacturing

Analyzing cost data

Bluebird Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information:

 

Date

    

Job No.

Started

Finished

Sold

Total Cost of Job at October 31

Total Manufacturing Costs Added in November

1

10/3

10/12

10/13

$ 1,900

  

2

10/3

10/30

11/1

1,800

  

3

10/17

11/24

11/27

400

$ 1,500

4

10/29

11/29

12/3

800

1,200

5

11/8

11/12

11/14

  

550

6

11/23

12/6

12/9

  

700

Requirements

1. Which type of costing system is Bluebird using? What piece of data did you base your answer on?

2. Use the dates in the table to identify the status of each job. Compute Bluebird’s account balances at October 31 for Work in process inventory, Finished goods inventory, and Cost of goods sold. Compute, by job, account balances at November 30 for Work in process inventory, Finished goods inventory, and Cost of goods sold.

3. Prepare journal entries to record the transfer of completed units from Work in process to Finished goods for October and November.

4. Record the sale of Job 3 for $2,100.

5. What is the gross profit for Job 3? What other costs must this gross profit cover?

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 02:09 PM My Price 9.00

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