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: 408 Weeks 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 04 Feb 2018 My Price 9.00

Bookworm, Inc

Transferred-in costs, weighted-average method. Bookworm, Inc., has two departments: printing and binding. Each department has one direct-cost category (direct materials) and one indirect-cost category (conversion costs). This problem focuses on the binding department. Books that have undergone the printing process are immediately transferred to the binding department. Direct material is added when the binding process is 80% complete. Conversion costs are added evenly during binding operations. When those operations are done, the books are immediately transferred to Finished Goods. Bookworm, Inc., uses the weighted-average method of process costing. The following is a summary of the April 2012 operations of the binding department.

 

A

B

C

D

E

1

  

Physical Units (books)

Transferred-In Costs

Direct Materials

Conversion Costs

2

Beginning work in process

1,050

$ 32,550

$ 0

$13,650

3

Degree of completion, beginning work in process

  

100%

0%

50%

4

Transferred in during April 2012

2,400

      

5

Completed and transferred out during April

2,700

      

6

Ending work in process (April 30)

750

      

7

Degree of completion, ending work in process

  

100%

0%

70%

8

Total costs added during April

  

$129,600

$23,490

$70,200

1. Summarize total binding department costs for April 2012, and assign these costs to units completed (and transferred out) and to units in ending work in process.

2. Prepare journal entries for April transfers from the printing department to the binding department and from the binding department to Finished Goods.

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Feb 2018 10:02 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)
Relevent Questions