Homework Answers
| Journal Entry | |||
| Accounts | Debit | Credit | |
| JE 1 | Work in process-Assembly | 4635000 | |
| Materials inventory | 4635000 | ||
| JE 2 | Work in process-Assembly | 2575125 | |
| Wages payable/Factory overhead | 2575125 | ||
| JE 3 | Work in process-Testing | 8554000 | |
| Work in process-Assembly | 8554000 | ||
Note: Kindly select appropriate account titles as required since no list of account titles is provided with the question. For any clarifications, kindly mention under comments.
| Work in Process-Assembly | |||
| Bal. | 1489650 | Bal. | |
| DM | 4635000 | Transferred out | 8554000 |
| Conversion costs | 2575125 | ||
| Bal. | 145775 | Bal. | |
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Hoffman Company manufactures car seats in its Boise plant. Each car seat passes through the assembly...
17-41 WEIGHTED-AVERAGE METHOD. Hoffman Company manufactures car seats in its Boise plant. Each car seat passes...
17-41 WEIGHTED-AVERAGE METHOD. Hoffman Company manufactures car
seats in its Boise plant. Each car seat passes through the assembly
department and the testing department. This problem focuses on the
assembly department. The process-costing system at Hoffman Company
has a single direct-cost category (direct materials) and a single
indirect-cost category (conversion costs). Direct materials are
added at the beginning of the process. Conversion costs are added
evenly during the process. When the assembly department finishes
work on each car seat, it...
Direct Materials is 100% 36 Weighted average method. Hoffman Company manufactures car seats in its Boise...
Direct Materials is 100%
36 Weighted average method. Hoffman Company manufactures car seats in its Boise plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. The process-costing system at Hoffman Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly de- partment finishes...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon for Burleson's process-costing system information.) Data for the assembly department for October 2017 are as follows: E: (Click the icon to view the assembly department data.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column...
Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process—Assembly...
Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process—Assembly (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the purchase and use of direct materials. Journal Entry Accounts Debit Credit JE 1 Record the conversion costs. Journal Entry Accounts Debit Credit JE 2 Prepare a journal entry to transfer out the cost of goods completed. Journal Entry Accounts Debit Credit JE 3 Choose from any list or enter...
Kaeding Company manufactures car seats in its Hartford plant. Each car seat passes through the assembly department and t...
Kaeding Company manufactures car seats in its Hartford plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 1 5,400 $ 1,344,600 $ 337,190 Started during October 20172017 21,000 Completed during October 20172017 24,500 Work in process, October 31 Superscript 1,900 Total costs added during October 20172017 $4,305,000 $2,567,430 Superscript aDegree of completion: direct materials, ?%; conversion costs,...
Burleson Company manufactures car seats in its San Antonio plant. Each car seat passes through the...
Burleson Company manufactures car seats in its San Antonio
plant. Each car seat passes through the assembly department and the
testing department. This problem focuses on the assembly
department.
Please help me find the missing parts for Requirement
4. Please show all work.
i Data Table X Х Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 19 4,500 $1,152,000 $483,300 Started during October 2017 21,500 Completed during October 2017 24,000 Work in process, October 31 2,000...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. A (Click the icon to view information about Burleson Company's process-costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data and total costs accounted for.) i More...
for 4. Berrian Company manufactures car seats in its Data for the assembly department for October...
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COST (0 PUL Fielding Company manufactures car seats in its Hartford plant. Each car seat passes...
COST (0 PUL Fielding Company manufactures car seats in its Hartford plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Fielding Company's process-costing system.) Data for the assembly department for October 2017 are as follows: 2(Click the icon to view the assembly department data.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Read...
17-38 FIFO method (continuation of 17-36).1. Do Problem 17-36 using the FIFO method of process costing....
17-38 FIFO method (continuation of 17-36).1. Do Problem 17-36 using the FIFO method of process costing. Explain any difference between the cost per equivalent unit in the assembly department under the weighted-average method and the FIFO method.2. Should Hoffman’s managers choose the weighted-average method or the FIFO method? Explain briefly. 17-36 Weighted-average method. Hoffman Company manufactures car seats in its Boise plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly...
17-41 WEIGHTED-AVERAGE METHOD. Hoffman Company manufactures car
seats in its Boise plant. Each car seat passes through the assembly
department and the testing department. This problem focuses on the
assembly department. The process-costing system at Hoffman Company
has a single direct-cost category (direct materials) and a single
indirect-cost category (conversion costs). Direct materials are
added at the beginning of the process. Conversion costs are added
evenly during the process. When the assembly department finishes
work on each car seat, it...
Direct Materials is 100%
36 Weighted average method. Hoffman Company manufactures car seats in its Boise plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. The process-costing system at Hoffman Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly de- partment finishes...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon for Burleson's process-costing system information.) Data for the assembly department for October 2017 are as follows: E: (Click the icon to view the assembly department data.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column...
Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process—Assembly (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the purchase and use of direct materials. Journal Entry Accounts Debit Credit JE 1 Record the conversion costs. Journal Entry Accounts Debit Credit JE 2 Prepare a journal entry to transfer out the cost of goods completed. Journal Entry Accounts Debit Credit JE 3 Choose from any list or enter...
Burleson Company manufactures car seats in its San Antonio
plant. Each car seat passes through the assembly department and the
testing department. This problem focuses on the assembly
department.
Please help me find the missing parts for Requirement
4. Please show all work.
i Data Table X Х Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 19 4,500 $1,152,000 $483,300 Started during October 2017 21,500 Completed during October 2017 24,000 Work in process, October 31 2,000...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. A (Click the icon to view information about Burleson Company's process-costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data and total costs accounted for.) i More...
for 4. Berrian Company manufactures car seats in its Data for the assembly department for October Miami plant. Each car seat passes through the 2017 are as follows: assembly department and the testing 2 (Click the icon to view the assembly department. This problem focuses on the department data.) assembly department. $(Click the icon to view the total costs to (Click the icon to view information about account for.) Berrian Company's process-costing system.) 4(Click the icon to view the total...
COST (0 PUL Fielding Company manufactures car seats in its Hartford plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Fielding Company's process-costing system.) Data for the assembly department for October 2017 are as follows: 2(Click the icon to view the assembly department data.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Read...
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