Homework Answers
Answer is a.
Costs added during the month are transferred to Work in Process
Inventory - Mixing
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The Mixing Department incurred the following costs during the month: (Click the icon to view the...
Record the following process costing transactions in the general joumal: (Click the icon to view the...
Record the following process costing transactions in the general joumal: (Click the icon to view the transactions.) a. Record the purchase of raw materials on account, $9,800. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Date More info b. ACDOU Payable Accumulated Depreciation Plant Cash Finished Goods Inventory Manufacturing Overhead Prepaid Insurance Plant Property Taxes Payable Plant Raw Materials Inwentory Ulities Payable Wages Payable Work in Process Inventory Assembly Work in Process...
Daisy Consuling is going to manufacture billing software. During its first month of manufacturing, Daisy incurred...
Daisy Consuling is going to manufacture billing software. During its first month of manufacturing, Daisy incurred the following manufacturing costs 囲(Click the icon to view the manufacturing costs.) Data Table Prepare a schedule of cost of goods manufactured for Daisy for the month ended January 31, 2018. (Co Daisy Consulting Schedule of Cost of Goods Manufactured Month Ended January 31, 2018 Beginning Ending Inventories Raw Materials Work-in-Process Finished Goods Other information Raw materials purchases Plan Sales salaries expense Delivery expense...
Please help! Thank You! The Mixing Department combines the direct materials of paraffin wax and pigments....
Please help! Thank You!
The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
Journalize the following transactions for Judy's Sofas. Explanations are not required (Click the icon to view...
Journalize the following transactions for Judy's Sofas. Explanations are not required (Click the icon to view the transactions.) Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300 Date Debit Credit iMore Info b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was indirect labor a. Incurred and paid Web site expenses, $2.300 b. Incurred manufacturing wages of $10,000, 60% of which was direct...
Vultan Wax manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to...
Vultan Wax manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to view the additional information.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Vultan Wax general ledger included the following account: (Click the icon to view the account.) Read the requirements. Requirement 1. Prepare a production cost report for the Mixing Department for March. Round equivalent unit of production costs to four decimal places. Round...
Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click the icon to view...
Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300. Date Accounts Debit a. 2.300 Cash Website Expenses b. Incurred manufacturing wages of $20.000. 70% of which was direct labor and 30% of which was in Date Accounts Debit b. Work-in-Process Inventory Choose from any list or enter any number in the input...
Polo T117-2 (similar to) Record the following joumal entries for Young Company: (Click the icon to...
Polo T117-2 (similar to) Record the following joumal entries for Young Company: (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any joumal entries.) 6. Purchased raw materials on account, $11,000. Date Accounts Debit Credit Raw Materials Inventory Accounts Payable 11,000 11,000 7. Used $6.000 in direct materials and $300 in indirect materials in production Accoun Credit Debit 6,000 Work-in-Process Inventory Manufacturing Overhead Raw Materials Inventory 300 6,300 3. Incurred $11,000 in labor costs,...
Just number 7 needed Fort Corporation had the following transactions during its first month of operations:...
Just number 7 needed
Fort Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $85,000 2. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials. 3. Factory labor costs incurred were $175,000 of which $145,000 pertained to factory wages payable and $30,000 pertained to employer payroll taxes payable 4. Time tickets indicated that $145,000 was direct labor...
Work in Process Inventory $5,350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Work in Process Inventory...
Work in Process Inventory $5,350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $600 $700 Direct labor 300 500 Manufacturing overhead 375 625 $1.275 $1.825 Linton $900 600 750 $2.250 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account. A summary...
Record the following process costing transactions in the general joumal: (Click the icon to view the transactions.) a. Record the purchase of raw materials on account, $9,800. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Date More info b. ACDOU Payable Accumulated Depreciation Plant Cash Finished Goods Inventory Manufacturing Overhead Prepaid Insurance Plant Property Taxes Payable Plant Raw Materials Inwentory Ulities Payable Wages Payable Work in Process Inventory Assembly Work in Process...
Daisy Consuling is going to manufacture billing software. During its first month of manufacturing, Daisy incurred the following manufacturing costs 囲(Click the icon to view the manufacturing costs.) Data Table Prepare a schedule of cost of goods manufactured for Daisy for the month ended January 31, 2018. (Co Daisy Consulting Schedule of Cost of Goods Manufactured Month Ended January 31, 2018 Beginning Ending Inventories Raw Materials Work-in-Process Finished Goods Other information Raw materials purchases Plan Sales salaries expense Delivery expense...
Please help! Thank You!
The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
Journalize the following transactions for Judy's Sofas. Explanations are not required (Click the icon to view the transactions.) Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300 Date Debit Credit iMore Info b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was indirect labor a. Incurred and paid Web site expenses, $2.300 b. Incurred manufacturing wages of $10,000, 60% of which was direct...
Vultan Wax manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to view the additional information.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Vultan Wax general ledger included the following account: (Click the icon to view the account.) Read the requirements. Requirement 1. Prepare a production cost report for the Mixing Department for March. Round equivalent unit of production costs to four decimal places. Round...
Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300. Date Accounts Debit a. 2.300 Cash Website Expenses b. Incurred manufacturing wages of $20.000. 70% of which was direct labor and 30% of which was in Date Accounts Debit b. Work-in-Process Inventory Choose from any list or enter any number in the input...
Polo T117-2 (similar to) Record the following joumal entries for Young Company: (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any joumal entries.) 6. Purchased raw materials on account, $11,000. Date Accounts Debit Credit Raw Materials Inventory Accounts Payable 11,000 11,000 7. Used $6.000 in direct materials and $300 in indirect materials in production Accoun Credit Debit 6,000 Work-in-Process Inventory Manufacturing Overhead Raw Materials Inventory 300 6,300 3. Incurred $11,000 in labor costs,...
Just number 7 needed
Fort Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $85,000 2. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials. 3. Factory labor costs incurred were $175,000 of which $145,000 pertained to factory wages payable and $30,000 pertained to employer payroll taxes payable 4. Time tickets indicated that $145,000 was direct labor...
Work in Process Inventory $5,350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $600 $700 Direct labor 300 500 Manufacturing overhead 375 625 $1.275 $1.825 Linton $900 600 750 $2.250 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account. A summary...
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