Root Trailers' job cost records yielded the following information: Use the dates in the table to identify
Question:
Root Trailers' job cost records yielded the following information:
Use the dates in the table to identify the status of each job. Compute the following balances for Root:
a. Work-in-Process Inventory at July 31
b. Finished Goods Inventory at July 31
c. Cost of Goods Sold for July?
Transcribed Image Text:
Date Total Cost of Job Started Job at July 31 Finished Sold No. $ 3,400 July 17 June 21 July 16 June 29 July 21 July 26 13,700 July 3 August 11 August 13 6,000 July 7 4,400 July 29 August 1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a WorkinProcess Inventory Job 3 T...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
Sloan Trailers' job cost records yielded the following information: Requirement 1. Use the dates in the table to identify the status of each job. Compute Sloan's cost of (a) Work in process inventory...
-
Sloan Trailers job cost records yielded the following information: Use the dates in the table to identify the status of each job. Compute the following balances for Sloan: a. Work-in-Process...
-
Spring Trailers' job cost records yielded the following information: Use the dates in the table to identify the status of each job. Compute the following balances for Spring: a. Work-in-Process...
-
This case will enable you to practice conducting planning and substantive analytical procedures for accounts in the revenue cycle. When analyzing the financial data, you may assume that the 2015...
-
A capacitor of capacitance C is charged to a potential difference V0. The terminals of the charged capacitor are then connected to those of an uncharged capacitor of capacitance C/2 Compute (a) The...
-
The McGregor Whisky Company is proposing to market diet scotch. The product will first be test-marketed for two years in southern California at an initial cost of $500,000. This test launch is not...
-
A convergent-divergent nozzle has an exit throat area ratio of 3.0. It is to be supplied with air. Find: (a) The first, second, and third critical pressure ratios; (b) The exit plane Mach number in...
-
Highway Construction Incorporated (HCI) bought a large piece of construction equipment at the beginning of 20X5. The construction equipment was a large piece of heavy equipment with an original cost...
-
Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied...
-
Pemberton Products uses a periodic inventory system. The companys records show the beginning inventory of PH4 oil filters on January 1 and the purchases of this item during the current year to be as...
-
Assume that Roth's accountants are expected to work a total of 8,000 direct labor hours in 2018. Roth's estimated total indirect costs are $96,000 and the allocation base used is direct labor hours....
-
Goldenrod Company makes artificial flowers and reports the following data for the month: Purchases of materials, on account ........................... $ 51,000 Materials requisitions: Direct...
-
The Montreal Company is an electronics business with eight product lines. Income data for one of the products (XT-107) for June 2012 are: Dorval Ltd., an instruments company, has a problem with its...
-
Suppose that E and F are two events and that P(E) = 0.7 and P(F|E) = 0.8. What is P(E and F)?
-
For the month of June in a certain city, 87% of the days are cloudy. Also in the month of June in the same city, 73% of the days are cloudy and foggy. What is the probability that a randomly selected...
-
Suppose that E and F are two events and that N(E and F) = 340 and N(E) = 550. What is P(F|E)?
-
According to a recent study, 8.7% of high school dropouts are 16- to 17-year-olds. In addition, 6.3% of high school dropouts are white 16- to 17-year-olds. What is the probability that a randomly...
-
The probability that a randomly selected individual in a country earns more than \($75\),000 per year is 7.5%. The probability that a randomly selected individual in the country earns more than...
-
What are some of the trends in marketing?
-
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
-
What is the formula to compute interest on a note receivable?
-
Plant assets are recorded at historical cost. What does the historical cost of a plant asset include?
-
How do land improvements differ from land?
-
Pretend you need to conduct a title search. You have the information needed from your online search, but you need to go to the clerk's office to finish your search. What information/records will/can...
-
Watch the Tedx Talk (Melvin Russell: I love being a police officer, but we need reform) by Lt. Colonel Melvin Russel from the Baltimore Police. In his talk, he discusses how law enforcement is in...
-
Solve for X. Assume X is a 2 x 2 matrix. Do not use decimal numbers in your answer. If there are fractions, leave them unevaluated. X = # 6 X+ 7 = 7 8 X. [24]*+41-41 -5
Study smarter with the SolutionInn App