Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

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, 6 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 > Management Posted 28 Sep 2017 My Price 7.00

Durham Denim

25.     LO.6 (Backflush costing) Durham Denim uses backflush costing to account for pro- duction costs of its clothing line. During August 2010, the firm produced 150,000 garments and sold 149,000. The standard cost for each garment is:

 

 

Direct material

$2

Conversion costs

  4

Total cost

$6

 

The firm had no inventory on August 1. The following events took place in August:

•            Purchased $302,000 of direct material

•            Incurred $608,000 of conversion costs

•            Applied $600,000 of conversion costs to Raw and In-Process Inventory

•            Finished 150,000 garments

•            Sold 149,000 garments for $10 each

a.     Prepare journal entries using backflush costing with a minimum number of entries.

b.    Post the amounts in (a) to T-accounts.

c.     Explain any inventory account balances.

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Sep 2017 10:09 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions