Questions from Cost Accounting


Q: Bellevue Chemicals had beginning work-in-process inventory of $

Bellevue Chemicals had beginning work-in-process inventory of $239,910 on March 1. Of this amount, $101,280 was the cost of direct materials and $138,630 was the cost of conversion. The 24,000 units i...

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Q: Refer to the data in Exercise 8-45. Compute the

Refer to the data in Exercise 8-45. Compute the costs of goods transferred out and the ending inventory for March using the weighted-average method. Exercise 8-45: Bellevue Chemicals had beginning wo...

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Q: Refer to the data in Exercise 8-45. Compute the

Refer to the data in Exercise 8-45. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the FIFO method. Exercise 8-45: Bellevue Chemicals had beginning...

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Q: Refer to the data in Exercise 8-45. Required

Refer to the data in Exercise 8-45. Required a. Compute the cost of goods transferred out and the cost of ending inventory for March using the FIFO method. b. Is the ending inventory higher or lower u...

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Q: Terminal Industries (TI) produces a product using three departments:

Terminal Industries (TI) produces a product using three departments: Mixing, Processing, and Filtering. New material is added only in the Mixing Department. The following information is given for the...

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Q: The following information about the work-in-process inventory pertains

The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): The Remington Plant start...

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Q: Beverly Plastics produces a part used in precision machining. The part

Beverly Plastics produces a part used in precision machining. The part is produced in two departments: Mixing and Refining. The raw material is introduced into the process in the Mixing Department. Th...

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Q: Refer to the data in Exercise 8-32. Required

Refer to the data in Exercise 8-32. Required Compute the cost per equivalent unit for materials and conversion costs using the FIFO method. Exercise 8-32:

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Q: Boulder Toys manufactures powered, ride-on tractors and other equipment

Boulder Toys manufactures powered, ride-on tractors and other equipment for children. There are three models, increasing in features and detail: XL, XLS, and XLT. All three models start in the Assembl...

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Q: What are three common sources of improprieties in job costing?

What are three common sources of improprieties in job costing?

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