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 10 Aug 2017 My Price 7.00

Brady Products

Brady Products manufactures a silicone paste wax that goes through three processing departments— Cracking, Blending, and Packing. All raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for a recent month is given below: Work in Process—Cracking Department Inventory, May 1 310,070 Completed and transferred to the Blending Department ? Materials 570,560 Conversion 363,662 Inventory, May 31 ? The May 1 work in process inventory consisted of 101,000 pounds with $183,820 in materials cost and $126,250 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 280,000 pounds were started into production. The May 31 inventory consisted of 78,000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.

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Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 08:08 AM My Price 7.00

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