Assume that the following events occurred at a division of Generic Electric for March of the current year:

1. Purchased $15 million in direct materials.
2. Incurred direct labor costs of $8 million.
3. Determined that manufacturing overhead was $13.5 million.
4. Transferred 70 percent of the materials purchased to work-in-process.
5. Completed work on 65 percent of the work-in-process. Costs are assigned equally across all work-in-process.
6. The inventory accounts have no beginning balances. All costs incurred were debited to the appropriate account and credited to Accounts Payable.

Give the amounts for the following items in the work-in-process accounts:

a. Transfers-in
b. Transfers-out
c. Ending balance

Transferred in Manufacturing Costs $ 32,000,000

Transferred out $ 20,800,000

Ending Balance $ 11,200,000

Explanation:

Generic Electric

Material Purchases   $ 15,000,000

Transferred to Work in Process = 10,500,000

Direct Labor                $ 8,000,000

Manufacturing Overhead $ 13,500,000

Total Manufacturing Costs  $ 36,500,000

Transferred in Manufacturing Costs $ 32,000,000

Completed 65 % of $ 32,000,000=$ 20,800,000

Transferred out $ 20,800,000

Ending Balance = $ 32,000,000-$ 20,800,000= $ 11,200,000

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

answer; dogs;