Entries by Munene david

March 1, 201, Dorchester Company’s beginning work in process inventory

March 1, 201, Dorchester Company’s beginning work in process inventory had 6,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process.  During March, all beginning WIP was completed and an additional 14,500 units were started and completed. […]

 

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Dorchester Company, on March 1, 2019 has a beginning Work in Process

Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 14,500 units. At the end of the month there were 12,000 units completed and […]

 

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1) Baltimore Manufacturing Company just completed its year ended December

1) Baltimore Manufacturing Company just completed its year ended December 31, 2018. Depreciation for the year amounted to $100,000: 30% relates to sales, 20% relates to administrative facilities, and the remainder relates to the factory. Of the total units produced during FY 2016: 80% were sold in 2018 and the rest remained in finished good inventory. Use […]

 

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4) During FY 2018 Bay Manufacturing had total manufacturing costs

4) During FY 2018 Bay Manufacturing had total manufacturing costs are $450,000. Their cost of goods manufactured for the year was $429,000. The January 1, 2019 balance of Work-in-Process Inventory is $57,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. 5)Frederick Company’s January 1, 2018 finished goods inventory was […]

 

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