Question

Blossom Company has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following...

Blossom Company has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process.

Beginning WIP Inventory

9,000 units

Transferredminus−in

costs in beginning WIP Inventory

$ 95 comma 000$95,000

Direct materials costs in beginning WIP Inventory

$25,600

Conversion costs in beginning WIP Inventory

$23,750

Units

transferredminus−in

47,000 units

Transferredminus−in

costs

$ 650 comma 000$650,000

Units Completed

43,000

Costs added: materials

$155,040

Costs added: conversion

$230,710

Ending WIP Inventory

13,000 units

(50% complete for materials and 40% complete for conversion)

What would have been the journal entry to record the transfer of product from the assembly department to the Shaping Department?

0 0
Add a comment Improve this question Transcribed image text
Answer #1
General Journal Debit Credit
Work in Process Inventory-Shaping $650,000
Work in Process Inventory-Assembly $650,000
Add a comment
Know the answer?
Add Answer to:
Blossom Company has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Blossom Company has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following...

    Blossom Company has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP Inventory Transferred-in costs in beginning WIP Inventory Direct materials costs in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred-in Transferred-in costs Units completed Costs added materials Costs added: conversion Ending WIP Inventory (50% complete for materials and 40% complete for conversion) 9,000 units $ 98,000 25,600 $23,750 47,000 units $645,000...

  • Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started units during November....

    Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started units during November. The following production activity unit and cost information refers to the assembly departme November production activities. Units Assembly Department Beginning work in process Units transferred out Ending work in process 2,500 9,500 3,200 Percent of Direct Materials 60% 100% Percent of Conversion 40% 100% 35% 85% $2,483 (consists of $964 for direct materials and $1,519 for conversion) Beginning work in process inventory-Assembly dept Costs...

  • 1. Company ATS uses Process Costing system. Data about Company ATS is given below: Shaping Department...

    1. Company ATS uses Process Costing system. Data about Company ATS is given below: Shaping Department . 200.000 units Assembly Department 20000 units - Required: Data for December Beginning Work in Process Production started Transferred in From Previous Department Completed Goods Inv Ending WIP Inv. Comp. as to Direct Material Comp. as to Convers. Work Costs: Beginning Work in Process Transferred in from Previous Department Direct Materials Added Conversion Costs Added 150.000 units 50.000 units % 70 % 80 130.000...

  • Shenzhen Sports Co., Ltd. manufactures golf bags in a two-department process: Assembly and Finishing. The Assembly...

    Shenzhen Sports Co., Ltd. manufactures golf bags in a two-department process: Assembly and Finishing. The Assembly Department uses weighted average costing; the percentage of completion of overhead in this department is unrelated to direct labor. The Finishing Department adds hardware to the assembled bags and uses FIFO costing; overhead is applied in this department on a direct labor basis. For June, the following production data and costs were gathered: Assembly Department: Units Beginning WIP Inventory (100% complete for Direct Materials;...

  • The Cariberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,300 units...

    The Cariberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,300 units during November. The following production activity unit and cost information refers to the assembly department's November production activities Percent of Direct Materials Added Assembly Department Beginning work in process Units transferred out Ending work in process 3,20 10,200 5,30 Percent of Conversion 25% 1 40 $1,767 (includes $1,143 for direct materials and $624 for conversion) Beginning work in process inventory-Assembly dept Costs added during...

  • Shiffon Electronics manufactures music player. Its costing system uses two cost​ categories, direct materials and conversion...

    Shiffon Electronics manufactures music player. Its costing system uses two cost​ categories, direct materials and conversion costs. Each product must pass through the Assembly​ Department, the Programming​ department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weightedminus−average costing. The following information is available for the month of March 2017 for the Assembly department. Work in​ process, beginning inventory 370370 units         Conversion costs ​(4040​%...

  • Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October...

    Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October 2019 totaled $1,298,400 as follows. Work in process, October 1 Materials Conversion costs $29,000 16,500 $ 45,500 Materials added Labor Overhead 1,006,000 138,900 108,000 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 435,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials...

  • Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,500 units during...

    Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,500 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Percent of Conversion Assembly Department Beginning work in process Units transferred out Ending work in process Units 3.000 10,000 4,500 Percent of Direct Materials 600 1008 1008 300 800 $2,365 (consists of $1,340 for direct materials and $1,025 for conversion) Beginning work in process inventory-Assembly dept Costs...

  • The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,500 units...

    The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,500 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Units 2,500 9,500 3,500 Percent of Direct Materials Added 608 1000 900 Percent of Conversion 408 1000 408 $1,937 (includes $1,427 for direct materials and $510 for conversion) Beginning work in process inventory-Assembly...

  • P16.4A (LO 3, 4), AP Rivera Company has several processing departments. Costs charged to the Assembly...

    P16.4A (LO 3, 4), AP Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2022 totaled $2,280,000 as follows. Assign costs and prepare production cost report. Work in process, November 1 Materials $79,000 Conversion costs 48,150 $ 127,150 Materials added 1,589,000 Labor 225.920 Overhead 337.930 Production records show that 35,000 units were in beginning work in process 30% complete as to conversion costs, 660,000 units were started into production, and 25,000 units were in ending...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT