Homework Answers
| Mar 10 | Raw materials inventory | 3250 | |
| Accounts Payable | 3250 | ||
| (500*6.50) | |||
| Mar 15 | Work in Process Inventory | 2800 | |
| Raw materials inventory | 2800 | ||
| (400*7) | |||
| Mar 25 | Work in Process Inventory | 1950 | |
| Raw materials inventory | 1950 | ||
| (300*6.50) |
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Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $901,600. The conversion cost for the period in the Bottling Department is $395,000. The total equivalent units for direct materials and conversion are 32,200 liters and 7,900 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Cost per equivalent unit of materials A Cost per equivalent unit of conversion Department M had 2,100 units 53% completed in process at the...
Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials...
Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 400 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 300 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 March 25
Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials...
Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 ►► March 25 Next O 10 020 G Н. B N M M
Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw...
Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879 March 10 ?? March 15 March 25
1. Prepare the journal entries to record the raw materials used in production and the direct...
1. Prepare the journal entries to record the raw materials used
in production and the direct labor cost incurred. (If no
entry is required for a transaction/event, select "No journal entry
required" in the first account field.)
2. Prepare the journal entry to record the overhead cost applied
to production. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
3. How many units were completed and transferred to finished
goods during...
Required: 1. a)Prepare the journal entries to record the raw materials used in production and the...
Required:
1. a)Prepare the journal entries to record the raw materials
used in production and the direct labor cost incurred. (If
no entry is required for a transaction/event, select "No journal
entry required" in the first account field.)
b) Prepare the journal entry to record the overhead cost applied
to production. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
c) How many units were completed and transferred to finished
goods...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $650,000. The conversion cost for the period in the Bottling Department is $498,000. The total equivalent units for direct materials and conversion are 26,000 liters and 8,300 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Cost per equivalent unit of materials $ Cost per equivalent unit of conversion $
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $997,500. The conversion cost for the period in the Bottling Department is $430,000. The total equivalent units for direct materials and conversion are 28,500 liters and 8,600 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Cost per equivalent unit of materials $ Cost per equivalent unit of conversion $
1. Calculate the Blending Department's equivalent units of production for materials and conversion in June. 2....
1. Calculate the Blending Department's equivalent units of
production for materials and conversion in June.
2. Calculate the Blending Department's cost per equivalent
unit for materials and conversion in June.
3. Calculate the Blending Department's cost of ending work in
process inventory for materials, conversion, and in total for
June.
4. Calculate the Blending Department's cost of units
transferred out to the Bottling Department for materials,
conversion, and in total for June.
5. Prepare a cost reconciliation report for the...
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials...
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process—Mixing Department June 1 balance 36,000 Completed and transferred to Finished Goods ? Materials 122,440 Direct labor 81,500 Overhead 99,000 June 30 balance ?...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $901,600. The conversion cost for the period in the Bottling Department is $395,000. The total equivalent units for direct materials and conversion are 32,200 liters and 7,900 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Cost per equivalent unit of materials A Cost per equivalent unit of conversion Department M had 2,100 units 53% completed in process at the...
Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 400 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 300 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 March 25
Record the journal entries for the following transactions: 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 ►► March 25 Next O 10 020 G Н. B N M M
Calculato Record the journal entries for the following transactions 1. March 10: 400 units of raw materials were purchased on account at $5.50 per unit 2. March 15: 300 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 200 units of raw materials were requisitioned at $5.50 per unit for production, Job 879 March 10 ?? March 15 March 25
1. Prepare the journal entries to record the raw materials used
in production and the direct labor cost incurred. (If no
entry is required for a transaction/event, select "No journal entry
required" in the first account field.)
2. Prepare the journal entry to record the overhead cost applied
to production. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
3. How many units were completed and transferred to finished
goods during...
Required:
1. a)Prepare the journal entries to record the raw materials
used in production and the direct labor cost incurred. (If
no entry is required for a transaction/event, select "No journal
entry required" in the first account field.)
b) Prepare the journal entry to record the overhead cost applied
to production. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
c) How many units were completed and transferred to finished
goods...
1. Calculate the Blending Department's equivalent units of
production for materials and conversion in June.
2. Calculate the Blending Department's cost per equivalent
unit for materials and conversion in June.
3. Calculate the Blending Department's cost of ending work in
process inventory for materials, conversion, and in total for
June.
4. Calculate the Blending Department's cost of units
transferred out to the Bottling Department for materials,
conversion, and in total for June.
5. Prepare a cost reconciliation report for the...
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