The following is an account for a production department, showing its costs for one month: work in process inventory beginning balance 5,600 completed and transferred out 50,010 direct materials 21,800 direct labor 16,400 overhead 11,000 ending balance 4,790 assume that materials are added at the beginning of the production process and that direct labor and overhead are applied uniformly. if the started and completed units cost $42,050, what was the cost of completing the units in the beginning work in process inventory?

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading