Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Joplin Corporation produces syrups that it sells to candy makers On November 1 it had no w...

Joplin Corporation produces syrups that it sells to candy makers On November 1 it had no work-in-process inventory It started production of 41000 gallons of syrup in November and completed product

Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 41,000 gallons of syrup in November and completed production of 38,000 gallons. The costs of the resources used by Joplin in November consist of the following: Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 89,100 Conversion costs (labor and overhead). . . . 110,820 Required The production supervisor estimates that the ending work in process is 40 percent complete on November 30. Compute the cost of syrup completed and the cost of the syrup in work-in process ending inventory as of November 30.

Apr 04 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions