1) Journal Entries
2)Material =$11390
Work In Process making department =$10670
Work in process packing department =$12990
Finished goods =$11700
3)factory overhead making department =$510 debit
Factory overhead packing department =$-820 credit
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed...
Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $13,500 Work in Process-Making 6,790 Work in Process-Packing 7,350 Materials 5,100 Departmental accounts are maintained for factory overhead, which both have zero balances...
Entries for Process Cost System Preston Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making transferred to the Packing Department, where pedaging is added at the beginning of the process. On July 1. Preston & Grover Soap Company had the following inventories Finished Goods Work in Process ---Making Work in Process-Packing Materials $13.500 6.790 7.350 5.100 Departmental accounts are maintained for factory both have...
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $15,870 Work in Process—Making 6,170 Work in Process—Packing 8,040 Materials 3,480 Departmental accounts are maintained for factory overhead,...
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $7,750 Work in Process—Making 3,010 Work in Process—Packing 3,920 Materials 1,700 Departmental accounts are maintained for factory overhead,...
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granders. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $11.930 Work in Process-Making 4,640 Work in Process-Packing 6,040 Materials 2,620 Departmental accounts are maintained for factory overhead,...
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $27,550 Work in Process-Making 10,710 Work in Process --Packing 13,960 Materials 6,050 < Departmental accounts are maintained for...
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $26,570 Work in Process—Making 10,320 Work in Process—Packing 13,460 Materials 5,830 Departmental accounts are maintained for factory overhead,...
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $22,510 Work in Process—Making 8,750 Work in Process—Packing 11,400 Materials 4,940 Departmental accounts are maintained for factory overhead,...
17-1B PR 17-1B Entries for process cost system SHOW ME HOW Obj. 1, 3 Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: GENERAL LEDGER $13,500 6,790 Finished Goods Work in Process-Making Work in...
Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $27,550 Work in Process—Making 10,710 Work in Process—Packing 13,960 Materials 6,050 Departmental accounts are maintained for factory overhead,...