Winters hardware store completed the following merchandising transactions in the month of may. at the beginning of may, winters’ ledger showed cash of $10,400 and common stock of $10,400.
may 1 purchased merchandise on account from black wholesale supply for $8,050, terms 1/10, n/30.
2 sold merchandise on account for $4,400, terms 2/10, n/30. the cost of the merchandise sold was $3,300.
5 received credit from black wholesale supply for merchandise returned $350.
9 received collections in full, less discounts, from customers billed on may 2.
10 paid black wholesale supply in full, less discount.
11 purchased supplies for cash $1,170.
12 purchased merchandise for cash $4,030.
15 received $299 refund for return of poor-quality merchandise from supplier on cash purchase.
17 purchased merchandise from wilhelm distributors for $2,350, terms 2/10, n/30.
19 paid freight on may 17 purchase $325.
24 sold merchandise for cash $7,150. the cost of the merchandise sold was $5,330.

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.