Baxter Company reported a net loss of $13,000 for the year e…

Baxter Company reported a net loss of $13,000 for the year ended December 31. During the year, accounts receivable decreased by $5,000, inventory increased by $8,000, accounts payable increased by $10,000, and depreciation expense of $4,000 was recorded. During the year, operating activities

Department G had 2,280 units 25% completed at the beginning…

Department G had 2,280 units 25% completed at the beginning of the period, 12,000 units were completed during the period; 1,900 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $27,100 Costs added during period:   Direct materials (11,620 units at $8) 92,960   Direct labor 79,800   Factory overhead 26,600 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the units started and completed during the period is (do not round unit cost calculations)

Reynolds Manufacturers Inc. has estimated total factory over…

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $124,300 and expected direct labor hours of 11,300 for the current fiscal year. If job number 117 incurs 1,210 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for