Question: The Filtering Department started the current month with beginning goods in process inventory of $55,000. During the month, it was assigned the following costs: direct

The Filtering Department started the current month with beginning goods in process inventory of $55,000. During the month, it was assigned the following costs: direct materials, $77,000; direct labor, $44,000; and factory overhead, 20% of direct material cost. Also, inventory with a cost of $66,000 was transferred out of the department to the next phase in the process. The ending balance of the Goods in Process Inventory account for the Filtering Department is: $66,000 $110,000 $132,000 $125,400 $191,400

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Filtering Department started the current month with beginning goods in process inventory of $70,000. During the month, it was assigned the following costs: direct materials, $92,000; direct...

The Filtering Department started the current month with beginning goods in process inventory of $55,000. During the month, it was assigned the following costs: direct materials, $77,000; direct...

The Filtering Department started the current month with beginning goods in process inventory of $70,000. During the month, it was assigned the following costs: direct materials, $92,000; direct...

At the beginning of the year, Swaim Company estimated annual overhead costs to be $400,000 and machine hours to be used at 200,000. Swaim uses machine hours as the base. Actual machine hours totaled...

15. E. None of the above, the answer is The Machining Department started last month with a beginning goods in process inventory of $10,000. During the month, it was assigned the following costs:...

The production department started the month with a beginning goods in process inventory of $20,000. During the month, it was assigned the following costs: direct materials, $152,000; direct labor,...

Please show work. Which of the following is included in the costs transferred out of the second process of a three-step production process? A. Costs incurred in the current process B. Costs incurred...

Which of the following is included in the costs transferred out of the second process of a three-step production process? A. Costs incurred in the current process B. Costs incurred in the previous...

T 7 Problem D A bottling company bottles soft drinks using a process cost system. Following are cost and production data for the mixing department for June: 3 Work in Process, June 1 (65% complete...

[Pt(NH3)2Cl2] is found to exist in two geometric isomers designated I and II, which react with oxalic acid as follows: Comment on the structures of I and II. 1+ H;C,O4 II + H;C,0, [Pt(NH;),C,0,] ...

Suppose that Young's experiment is performed with blue-green light of wavelength 500 nm. The slits are 1.20 mm apart, and the viewing screen is 5.40 m from the slits. How far apart are the bright...

Review all of the uses, advantages and disadvantages of optical media. Produce a table comparing CD formats, DVD and Blu-ray. Once you have completed the table, choose which optical media could you...

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...