Homework Soursewwwblackboardodu rcise 83 Chapter 7 Assignments201730 SUMMER
www.blackboard.odu rcise 83 (Chapter 7)- Assignments-201730 SUMMER ACCT311 33738 Shop South Shore Furniture w Question Completion Status: QUESTION 11 Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following nformation: Work-In-Process Inventory. April 30 Direct material purchased during April Work-In-Process Inventory, April I Direct labor costs incurred Manufacturing overhead costs Direct materials used in production $175 130 200 300 250 125 A. $750 B $650 C.$675 D. $700 QUESTION 12 An equivalent unit of conversion costs is equal to the amount of conversion costs required to 1 poin A transfer a unit out. B. start and complete a unit. C start a unit D transfer a unit in, 1 points QUESTION 13 The predetermined overhead rate for manufacturing overhcad for 2016 is $4.00 per direct labor hour
Solution
11)
| Work in process inventory, April 1 | $ 200 |
| Add: | |
| Direct materials used in production | $ 125 |
| Direct labor | $ 300 |
| Manufacturing overheads | $ 250 |
| Less: | |
| Ending work in process | $ 175 |
| Work in process transferred to finished goods | $ 700 |
