Question 6. Question: Assume the following information pertaining to a Company:
Prime costs = $ 195,000 Conversion Costs = $ 221,000 Direct Materials used = $ 85,000 Beginning Work-in-Process = $ 98,000 Ending Work-in-Process = $ 81,000 Direct labor used is calculated to be:
Question 7. Question: Tierney Construction, Inc. recently lost a portion of its financial
records in an office theft. The following accounting information
remained in the office files: COGS = $ 80,000
Question 8. Question: The sum of units transferred out and ending inventory units,
assuming no spoilage, determines:
Question 9. Question: The journal entry to record finished product units would include a
debit to:
except:
Question 6. Question: Assume the following information pertaining to a Company:
Prime costs = $ 195,000 Conversion Costs = $ 221,000 Direct Materials used = $ 85,000 Beginning Work-in-Process = $ 98,000 Ending Work-in-Process = $ 81,000 Direct labor used is calculated to be:
Question 7. Question: Tierney Construction, Inc. recently lost a portion of its financial
records in an office theft. The following accounting information
remained in the office files: COGS = $ 80,000
Question 8. Question: The sum of units transferred out and ending inventory units,
assuming no spoilage, determines:
Question 9. Question: The journal entry to record finished product units would include a