In June, one of the processing departments at Furbush Corporation had ending work in process inventory...

In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,600. During the month, $410,000 of costs were added to production and the cost of units transferred out from the department was $432,000.

In the department’s cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

Expert Solution

Answer:

Particulars	Amount (in $ )
Cost of units transferred out	$ 432,000
Add: Ending work in process inventory	$ 12,600
Less: Cost added to production	($ 410,000)
Cost of Beginning work in process inventory	$ 34,600

ekkarill92 answered 2 years ago

In June, one of the processing departments at Furbush Corporation had ending work in process inventory...

In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,000. During the month, $404,000 of costs were added to production and the cost of units transferred out from the department was $426,000. In the department’s cost reconciliation report for January, the cost of beginning work in process inventory for the department would be: Multiple Choice $414,000 $10,000 $392,000 $34,000

In June, one of the processing departments at Furbush Corporation had ending work in process inventory...

In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $13,500. During the month, $419,000 of costs were added to production and the cost of units transferred out from the department was $441,000. In the department’s cost reconciliation report for January, the cost of beginning work in process inventory for the department would be: Multiple Choice • $35,500 • $427,500 • $8,500 • $405,500 Item38 Time Remaining 2 hours 47 minutes 39 seconds...

In June, one of the processing departments at Football Corporation had beginning work in process inventory...

In June, one of the processing departments at Football Corporation had beginning work in process inventory of $13,700. During the month, $443,000 of costs were added to production and the cost of units completed and transferred out from the department was $421,000. In the department’s cost reconciliation report for January, the cost of ending work in process inventory for the department would be: Multiple Choice $407,300 $429,300 $8,300

In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory...

In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory of $37,000 and ending work in process inventory of $13,000. During the month, the cost of units transferred out from the department was $490,000. In the department's cost reconciliation report for May, the total cost to be accounted for under the weighted-average method would be: $527,000 $50,000 $503,000 $540,000

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory...

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be: Multiple Choice $31,000 $119,000 $132,000 $166,000

In April, one of the processing departments at Terada Corporation had beginning work in process inventory...

In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $27,000 and ending work in process inventory of $33,000. During the month, $250,000 of costs were added to production and the cost of units transferred out from the department was $244,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:

In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory...

In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $35,000 and ending work in process inventory of $11,000. During the month, the cost of units transferred out from the department was $410,000. In the department's cost reconciliation report for February, the total cost to be accounted for would be: a. $46,000 b. $807,000 c. $842,000 d. $421,000

In May, one of the processing departments at Messerli Corporation had beginning work in process inventory...

In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $20,000 and ending work in process inventory of $41,000. During the month, $154,000 of costs were added to production and the cost of units transferred out from the department was $133,000. The company uses the FIFO method in its process costing system. In the department’s cost reconciliation report for May, the total cost to be accounted for would be: . Behrend Clinic uses...

Ending inventory of work in process is $200,000 while the beginning inventory of work-in-process is $400,000....

Ending inventory of work in process is $200,000 while the beginning inventory of work-in-process is $400,000. The company had ending inventory of direct materials of $250,000 and beginning inventory of direct materials of $800,000. Direct materials purchased during the period was $700,000. Discount received on direct materials purchased was $150,000 while the cost of direct materials returned was $50,000. There were records of delivery expenses (freight-out) in the amount of $70,000; and as a result of FOB shipping point on...

1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory...

1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory is 90% complete. What is the total number of equivalent units? 2. At the beginning of the period, there were 800 units of product in a company's work in process inventory. 3,000 additional units of product were started during the period. 1,500 units of product were in the Work in Process account at the end of the period. The ending work in process inventory...

Question

In June, one of the processing departments at Furbush Corporation had ending work in process inventory...

Solutions

Expert Solution

Related Solutions

In June, one of the processing departments at Furbush Corporation had ending work in process inventory...

In June, one of the processing departments at Furbush Corporation had ending work in process inventory...

In June, one of the processing departments at Football Corporation had beginning work in process inventory...

In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory...

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory...

In April, one of the processing departments at Terada Corporation had beginning work in process inventory...

In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory...

In May, one of the processing departments at Messerli Corporation had beginning work in process inventory...

Ending inventory of work in process is $200,000 while the beginning inventory of work-in-process is $400,000....

1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory...