The following data pertain to the Vesuvius Tile Company for July:

Work in process, July 1 (in units) 20,000

Units started during July ?

Total units to account for 65,000

Units completed and transferred out during July ?

Work in process, July 31 (in units) 15,000

Total equivalent units: direct material 65,000

Total equivalent units: conversion ?

Work in process, July 1: direct material $164,400

Work in process, July 1: conversion ?

Costs incurred during July: direct material ?

Costs incurred during July: conversion 659,400

Work in process, July 1: total cost 244,200

Total costs incurred during July 1,031,250

Total costs to account for 1,275,450

Cost per equivalent unit: direct material 8.25

Cost per equivalent unit: conversion ?

Total cost per equivalent unit 21.45

Cost of goods completed and transfered out during July ?

Cost remaining in ending work-in-process inventory: direct material ?

Cost remaining in ending work-in-process inventory: conversion 79,200

Total cost of July 31 work in process 202,950

Additional Information: a. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. b. The company uses weighted-average process costing. c. The July 1 work in process was 30 percent complete as to conversion. d. The July 31 work in process was 40 percent complete as to conversion.

Required: Compute the missing amounts, and prepare the firm’s July production report.

Afreezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. this is an example of what sub-classification of business market?

Witch is an example of a non durable good?

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.