Homework Answers
| Date | Accounts | Debit | Credit |
| Work - in process - Churning Department | 2298000 | ||
| Raw Materials Inventory | 1730000 | ||
| Wages Payable | 10000 | ||
| Manufacturing overhead | 558000 |
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Woodson Daly produces an organic butter that is sold by the pound. The production of the...
just the last part(assignment of total cost) ussions Woodson Dairy produces an organic butter that is...
just the last part(assignment of total cost)
ussions Woodson Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Chumning Department Data for the Chumning Department for January follows: Click the icon to view the data from January) Read the regirements Library utor Requirement 1. Prepare a production cost report for January for the Churning Department Prepare a production cost report for the Churning Department, one section at a timeFor entries...
The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the...
The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the firm's Mixing Department already had 10,000 pounds of butter in production. During the month, the firm started 100,000 pounds, and completed 95,000 pounds and transferred them to the Packaging Department. All direct materials are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The Weighted Average method of process costing is used by HoneyButter. Beginning...
1. HoneyButter Company The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning...
1. HoneyButter Company The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the firm's Mixing Department already had 10.000 pounds of butter in production. During the month, the firm started 100,000 pounds, and completed 95,000 pounds and transferred them to the Packaging Department. All direct materials are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The Weighted Average method of process costing is used...
Production Report, No Beginning Inventory Softkin Company manufactures sun protection lotion. The Mixing Department, the first...
Production Report, No Beginning Inventory Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year: Work in process, January 1 — Gallons started 450,000 Gallons transferred out 378,000 Direct materials cost $900,000 Direct labor cost $1,785,600 Overhead applied $2,678,400 Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead....
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Beginning inventory costs are: Materials Direct labour $63,600 21,600 16,800 Factory overhead Costs incurred...
Problem 6-46 FIFO Method; Two Departments [LO 6-2, 6-5, 6-6] Bhatti Company produces plastic photo frames....
Problem 6-46 FIFO Method; Two Departments [LO 6-2, 6-5, 6-6] Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The E molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: Work-in-Process Inventory Molding department...
Question 31 Montreal Manufacturing Inc. has the following cost and production data for the month of...
Question 31 Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 17,400 units 103,300 92,000 28,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: $66,100 22,000 16,600 Beginning inventory costs are: Materials Direct labour Factory overhead...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process Costs pertaining to the month of April are as follows: $63,600 21,600 16,800 Beginning inventory costs are: Materials Direct labour Factory overhead Costs incurred...
The following partially completed process cost summary describes the July production activities of the Molding department...
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. EUP Direct materials Conversion Units transferred out 40,500 40,500 Units of ending WIP 2,500 2,500 equivalent units of production 43,000 42,000 Costs per EUP Direct Materials Conversion costs of beginning...
11 Exercise 9 - Your Co. uses process costing to account for production costs. Direct labor...
11 Exercise 9 - Your Co. uses process costing to account for production costs. Direct labor is added evenly throughout the process and direct materials is added at the beginning of the process. During June, the assembly department transferred 315 units to finished goods. Beginning WIP inventory was 30 units with $150 direct materials and $300 direct labor. Ending WIP inventory consists of 60 units that are 60% complete with respect to labor. $1500 direct materials were incurred in June...
just the last part(assignment of total cost)
ussions Woodson Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Chumning Department Data for the Chumning Department for January follows: Click the icon to view the data from January) Read the regirements Library utor Requirement 1. Prepare a production cost report for January for the Churning Department Prepare a production cost report for the Churning Department, one section at a timeFor entries...
1. HoneyButter Company The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the firm's Mixing Department already had 10.000 pounds of butter in production. During the month, the firm started 100,000 pounds, and completed 95,000 pounds and transferred them to the Packaging Department. All direct materials are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The Weighted Average method of process costing is used...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Beginning inventory costs are: Materials Direct labour $63,600 21,600 16,800 Factory overhead Costs incurred...
Problem 6-46 FIFO Method; Two Departments [LO 6-2, 6-5, 6-6] Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The E molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: Work-in-Process Inventory Molding department...
Question 31 Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 17,400 units 103,300 92,000 28,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: $66,100 22,000 16,600 Beginning inventory costs are: Materials Direct labour Factory overhead...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process Costs pertaining to the month of April are as follows: $63,600 21,600 16,800 Beginning inventory costs are: Materials Direct labour Factory overhead Costs incurred...
11 Exercise 9 - Your Co. uses process costing to account for production costs. Direct labor is added evenly throughout the process and direct materials is added at the beginning of the process. During June, the assembly department transferred 315 units to finished goods. Beginning WIP inventory was 30 units with $150 direct materials and $300 direct labor. Ending WIP inventory consists of 60 units that are 60% complete with respect to labor. $1500 direct materials were incurred in June...
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