Question
Dewey Company uses the weighted-average method in its process-costing system. The first processing department, the Welding Department, started the month with 15,000 units in its beginning work-in-process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work-in-process inventory was $19,200. An additional 86,000 units were started into production during the month. There were 13,000 units in the ending work-in-process inventory of the Welding Department that were 60% complete with respect to conversion costs. A total of $575,360 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs is
Question
The following cost data pertain to the operations of Left-hand Department Stores, Inc., for the month of December.
|
Corporate legal office salaries
|
$74,000
|
|
Shoe Department cost of sales,
Brentwood Store
|
$35,000
|
|
Corporate headquarters building lease
|
$78,000
|
|
Store manager's salary
Brentwood Store
|
$14,000
|
|
Shoe Department sales commissions,
Brentwood Store
|
$5,000
|
|
Store utilities,
Brentwood Store
|
$14,000
|
|
Shoe Department manager's salary,
Brentwood Store
|
$3,000
|
|
Central warehouse lease cost
|
$10,000
|
|
Janitorial costs, Brentwood Store
|
$8,000
|
The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves all of the company's stores.
What is the total amount of the costs listed above that are not direct costs of the Brentwood Store?
Question
The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.
|
Sales
|
$910
|
|
Raw materials, inventory, beginning
|
$80
|
|
Raw materials, inventory, ending
|
$20
|
|
Purchases of raw materials
|
$100
|
|
Direct labor
|
$130
|
|
Manufacturing overhead
|
$200
|
|
Administrative expenses
|
$160
|
|
Selling expenses
|
$140
|
|
Work in process inventory, beginning
|
$40
|
|
Work in process inventory, ending
|
$10
|
|
Finished goods inventory, beginning
|
$130
|
|
Finished goods inventory, ending
|
$150
|
The cost of goods manufactured (finished) for the year (in thousands of dollars) was
Question
The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.
|
Sales
|
$910
|
|
Raw materials, inventory, beginning
|
$80
|
|
Raw materials, inventory, ending
|
$20
|
|
Purchases of raw materials
|
$100
|
|
Direct labor
|
$130
|
|
Manufacturing overhead
|
$200
|
|
Administrative expenses
|
$160
|
|
Selling expenses
|
$140
|
|
Work in process inventory, beginning
|
$40
|
|
Work in process inventory, ending
|
$10
|
|
Finished goods inventory, beginning
|
$130
|
|
Finished goods inventory, ending
|
$150
|
The cost of the raw materials used in production during the year (in thousands of dollars) was