AC420-01_Unit_4_Project_HallHawkins

AC420-01_Unit_4_Project_HallHawkins - Stephanie HallHawkins...

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Stephanie HallHawkins AC420-01 Unit 4 Project a. .75*1598000= $1,198,500.00 b. 1198500-68900= $1,129,600.00 c. B325 .85*(125*12.90)= $1,370.63 Q428 .85*(240*12.90)= $2,631.60 d. 1370.63+2631.60+21980+14700+(125*12.90)+(240*12.90)= $45,390.73 e. 1129600-(14600+21980+14700+(125*12.90)+(240*12.90)+1370.63+2631.60-45390.73)=
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$1,115,000.00
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Stephanie HallHawkins a. dept. 1 465000/30000= $15.50 2400*15.50= $37,200.00 dept. 2 380600/22000 $17.30 1430*17.30= $24,739.00 b. Raw material inventory 346000 accounts payable 346000 WIP inventory-dept 1 340000 raw material inventory 340000 WIP inventory-dept 1 3135 WIPinventory-dept 2 25740 wages payable 28875 WIP inventory-dept 1 37200 Manufacturing Overhead control dept 1 37200 WIP Inventory Dept 2 24739 Manufacturing overhead Control Dept 2 24739 Finished Goods Inventory 10812 WIP Inventory-Dept 1 5235 WIP Inventory-Dept 2 5577 Cash 35774 Sales Revenue 35744 c. Cost per unit (10812+19000)/500= $59.62 Selling Price per unit 35774/500= $71.55 Cost of Raw materials per unit
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This note was uploaded on 08/06/2011 for the course ACCT 420 taught by Professor Hinton during the Spring '11 term at Kaplan University.

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AC420-01_Unit_4_Project_HallHawkins - Stephanie HallHawkins...

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