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: 398 Weeks Ago, 1 Day 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 06 Jun 2017 My Price 13.00

One Process and Two Time Periods—FIFO Costing Method

Process Costing: One Process and Two Time Periods—FIFO Costing Method

P7. Doover Company produces organic honey, which it sells to health food stores and restaurants. The company owns thousands of beehives. No direct materials other than honey are used. The production operation is a simple one. Impure honey is added at the beginning of the process and flows through a series of filters, leading to a pure finished product. Costs of labor and overhead are incurred uniformly throughout the filtering process. Production data for April and May follow.

 

 

 

 

Beginning work in process inventory: Units (liters)

Direct materials Conversion costs

Production during the period: Units started (liters)

Direct materials Conversion costs

Ending work in process inventory: Units (liters)

*From calculations at end of April.

 

April                  May

 

 

 

7,100

12,400

$2,480

?*

$5,110

?*

288,000

310,000

$100,800

$117,800

$251,550

$277,281

12,400

16,900

 
 

The beginning work in process inventory for April was 80 percent complete for conver- sion costs, and ending work in process inventory was 20 percent complete. The end- ing work in process inventory for May was 30 percent complete for conversion costs. Assume no loss from spoilage or evaporation.

 

rEQUIrED

1.    Using the FIFO method, prepare a process cost report for April.

2.    From the information in the process cost report, identify the amount that should be transferred out of the Work in Process Inventory account, and state where those dollars should be transferred.

3.    Repeat requirements 1 and 2 for May.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Jun 2017 07:06 PM My Price 13.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â-----------  -----------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-----------. 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)