Business, 23.09.2020 16:01 chantianabess36

Robinson International began operations in early February. The company has provided the following summary of total manufacturing costs assigned to the job sheets of its entire client base during its first three months of operations. Job Number February March April Total Costs Assigned
1000 $ 12,400 $ 6,800 $ 19,200
1001 15,000 7,400 $ 1,400 23,800
1002 2,000 2,000
1003 16,000 4,000 20,000
1004 9,000 6,000 15,000
Job no. 1002 was completed in February and sold in March. Job no. 1000 was completed and sold in March. Job no. 1001 was completed and sold in April. Job no. 1003 was completed in April, but it won’t be delivered until early May. Only job no. 1004 remains in process at April 30. The selling prices are set at 175 percent of the manufacturing costs assigned to each job.
a. Determine the Work in Process Inventory balance at the end of February, March, and April.
b. Determine the Finished Goods Inventory balance at the end of February, March, and April.
c. Compute the company's total gross profit for the three months ended April 30.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 05:30

The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?

Answers: 1

Answer

Business, 22.06.2019 08:00

How do communism and socialism differ in terms of the role that government plays in the economy ?

Answers: 1

Answer

Business, 22.06.2019 19:30

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?

Answers: 1

Answer

Business, 22.06.2019 22:20

Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cogs was $7.47 million and inventory was $1.47 million. this year, cogs is $8.65 million and inventory investment is $1.64 million.a) what was its weeks of supply last ) what is its weeks of supply this ) is mattress wholesalers making progress in its inventory reduction effort? since the number of weeks that cover the supply has mattress wholesalers is making in its inventory reduction effort.

Answers: 3

Answer

You know the right answer?

Robinson International began operations in early February. The company has provided the following su...

Questions