Chap004 (dragged) 41 - PROBLEM 4-40 (CONTINUED)...

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Unformatted text preview: PROBLEM 4-40 (CONTINUED) Finished-Goods Inventory .................................................... Work-in-Process Inventory: Rolling.......................... 1,860,000* 1,860,000 *$1,860,000 = 6,000 ceralam sheets sold after rolling $310 per unit Cost of Goods Sold ............................................................... Finished-Goods Inventory.......................................... 1,860,000* 1,860,000 *$1,860,000 = cost of ceralam sheets sold after rolling Work-in-Process Inventory: Molding................................... Work-in-Process Inventory: Rolling.......................... 1,240,000* 1,240,000 *$1,240,000 = cost remaining in Work-inProcess Inventory: Rolling = $3,100,000 – $1,860,000 Work-in-Process Inventory: Molding................................... Applied Conversion Costs ......................................... 560,000* 560,000 *$560,000 = conversion cost in molding operation Work-in-Process Inventory: Punching ................................ Work-in-Process Inventory: Molding ........................ 1,800,000* 1,800,000 *$1,800,000 = cost remaining in Work-inProcess Inventory: Molding = $1,240,000 + $560,000 Work-in-Process Inventory: Punching ................................ Applied Conversion Costs ......................................... 640,000* 640,000 *$640,000 = conversion cost in punching operation McGraw-Hill/Irwin 4-42 2005 The McGraw-Hill Companies, Inc. Solutions Manual ...
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This note was uploaded on 03/28/2012 for the course ACC260 AAAJ0OKG00 taught by Professor Katrenataylor during the Spring '10 term at University of Phoenix.

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