Refresh produces soft drinks and sodas. Production of 103,000 liters was started in February, 88,000 liters were
Question:
Refresh produces soft drinks and sodas. Production of 103,000 liters was started in February, 88,000 liters were completed. Material costs were $52,020 for the month while conversion costs were $32,580. There was no beginning work-in-process; the ending work-in-process was 40% complete. What is the cost of the product that remains in work-in-process?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Closing Finished Goods 15000 1232039 103000 Ltrs 88000 ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
Question Posted:
Students also viewed these Corporate Finance questions
-
Refresh produces soft drinks and sodas. Production of 102,695 liters was started in February 86,870 liters were completed. Material costs were $38,440 for the month while conversion costs were...
-
Assume there is no beginning work in process inventory and the ending work in process inventory is 80% complete with respect to materials costs. The number of equivalent units with respect to...
-
1. Travis Company had no beginning work in process inventory. Its total manufacturing costs for the year were $427,000. If cost of goods manufactured was $332,000 and cost of goods sold was $250,000,...
-
Use hand calculations to fit the multiple linear regression model 1 y = β0 + β1x1 + β2x2 to the data set in DS 13.6.2. (a) Write down the vector of observed values...
-
MAXFIED, one of the authors of the textbook, expressed to some criminal justice practitioners that evaluation was answering these two questions: Did you get what you expected? Compared to what?...
-
Suppose that each of the following pairs of redox couples is combined to form a galvanic cell that generates a current under standard conditions. Identify the oxidizing agent and the reducing agent,...
-
List at least ten ambiguous words that should not be used in framing questions.
-
Lighthouse Company anticipates total sales for June and July of $ 420,000 and $ 398,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 20% are collected in the same...
-
Consider the following three simple statements: h: All rooms have hardwood floors. r: Some rooms have rugs. w: The house has windows. Compound Statement p: (rV w) ^-h Compound Statement q: (hw) V -...
-
A 95 wt% Pt-5 wt% Ni alloy is known to have an electrical resistivity of 2.35 x 10-7 ohm-m at room temperature (25oC). Calculate the composition of a platinum-nickel alloy that gives a...
-
Another phenotypically wild-type female fruit fly heterozygous for the two genes mentioned in the previous problem was crossed to a homozygous black, vestigial male. The cross produced the following...
-
An enterprise determines that it must report segment data in annual reports for the year ended December 31, 2017. Which of the following would NOT be an acceptable way of reporting segment...
-
A Calcutta Head Office has a branch at Nagpur. Goods are invoiced by the head office to the branch at cost plus 25%. From the following particulars, prepare the (1) Branch Stock Account, (2) Goods...
-
Fred has a moving company and charges one price to pack small loads and a different price to pack large loads. Mileage is calculated separately. Last week Fred packed 2 small loads and 3 large loads...
-
A car rounds an unbanked curve of radius 70 m. If the coefficient of static friction between the road and car is 0.7, what is the maximum speed at which the car traverses the curve without slipping?...
-
The figure shows a ball bouncing off a wall. The ball's change of momentum is Before: After: 5 m/s 1 kg ball 3 m/s
-
Fill in the table using this function rule. (x)=x-7 Simplify your answers as much as possible. Click "Not a real number" if applicable. f(x) 9 16 X Not a real number 5
-
In 2021, the United States primary production of gold was 270 metric tons, against consumption of 250 tonsyet we still imported 190 more tons of gold. What is the most likely rationale for importing...
-
The bumper on a car is made of flexible plastic so that it will compress on impact and cushion the cars occupants during a collision. Suppose a car of mass m = 1200 kg is traveling slowly through a...
-
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
-
Beta and CAPM Is it possible that a risky asset could have a beta of zero? Explain. Based on the CAPM, what is the expected return on such an asset? Is it possible that a risky asset could have a...
-
Beta and CAPM Is it possible that a risky asset could have a beta of zero? Explain. Based on the CAPM, what is the expected return on such an asset? Is it possible that a risky asset could have a...
-
Corporate Downsizing In recent years, it has been common for companies to experience significant stock price changes in reaction to announcements of massive layoffs. Critics charge that such events...
-
An analysis of the activities needed to produce each product has been conducted. In addition, estimates have been developed. These are in the table below. Match the OH rate with the activity for each...
-
Service business 1. You are required to form a small business (Service business) 2. Explain the name and nature of the business, location, mission and objectives of the company. Assume the business...
-
Cost of utilities Cost per month (In dollars) $20,000 4. The cost of utilities depends on how many wards the hospital needs to use during a particular month. During months with activity under 2,000...
Study smarter with the SolutionInn App