Acct 344 Homework Week 1, 2, 3, 5, 6

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ACCT 344 Homework Week 1, 2, 3, 5, 6

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ACCT 344 Week 1 Homework
1. Question: Able Corporation incurred the following costs………………. Calculate the following. a Direct materials used
b. Cost of goods manufactured
c. Cost of goods sold
d. Operating income
2. Question: Below is information from Job Card 506 for the Bearing Manufacturing Company…………….Required:
a. Prepare the journal entries to record the costs incurred for Job 506 in 2015 for direct materials, direct labor, and factory overhead.
b. Prepare the journal entry to record the completion of Job 506.
c. What is the predetermined factory overhead rate for Bearing Manufacturing?
d. Prepare the journal entries to record the sale of Job 506.

ACCT 344 Week 2 Homework
1. Questions: Kali Manufacturing Inc. began the year with the following. Beginning work-in-process 20,000 20% completeTransferred to finished goods 60,000
Ending inventory 10,000 70% complete
Materials added at the beginning of the process
Required: Calculate the equivalent units for
a. material costs under the weighted average process cost method;
b. conversion costs under the weighted average process cost method;
c. material costs under the FIFO process cost method; and
d. conversion costs under the FIFO process cost method.
2. Questions: Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows…………………………Required Prepare a cost of production report for current month. Use Weighted Average process costing.

ACCT 344 Week 3 Homework
1. Question: Alliance Company manufactures two products (brushes and combs). The overhead costs have been…...

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