TR | General Journal | Debit | Credit | |||||
1) | Work in process-Cooking | 42,000 | ||||||
Raw materials inventory | 42,000 | |||||||
2) | Work in process -cooking | 50,000 | ||||||
Work in process -Molding | 36,000 | |||||||
Salaries and wages payable | 86,000 | |||||||
3) | Work in process -cooking | 75,000 | ||||||
Work in process -Molding | 45,000 | |||||||
Manufacturing overhead | 120,000 | |||||||
4) | Work in process -Molding | 160,000 | ||||||
Work in process -cooking | 160,000 | |||||||
5) | finished goods | 240,000 | ||||||
Work in process -Molding | 240,000 | |||||||
Exercise 5-7 Process Costing Journal Entries EXERCISE 5-7 Process Costing Journal Entries L05-1 Chocolaterie de Geneve,...
EXERCISE 4-7 Process Costing Journal Entries L04-1 Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two process- ing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative...
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Exercise 4-7 Process Costing Journal Entries (L04-1) Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and...
Check my Exercise 4-7 Process Costing Journal Entries (L04-1] Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments - Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into...
Chocolaterie de Geneve, SA is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling,...
Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling, the...
Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling, the...
Check my w Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by...
Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy.making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling, the...
Exercise 5-1 Process Costing Journal Entries (LO5-1) Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: points eBook a. Raw materials used in production: Molding Department, $26,900; and Firing Department, $5,600. b. Direct labor costs incurred: Molding Department, $16,000; and Firing Department, $5,700. c. Manufacturing overhead was applied: Molding Department, $24,100; and Firing Department, $39,600. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department....
Weighted Average Method, Journal Entries Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity...