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Instructions Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papormaking and Converting...
Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp...
Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March. Account Work in Process—Papermaking Department Account No. Date Item Debit Credit Balance Debit Credit Jan. 1 Bal., 7,300 units, 20% completed 18,688 31 Direct materials, 38,900 units 62,240 80,928 31 Direct labor 19,170 100,098 31 Factory overhead 10,776 110,874 31 Goods...
ighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp...
ighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March. Account Work in Process—Papermaking Department Account No. Date Item Debit Credit Balance Debit Credit Jan. 1 Bal., 7,900 units, 60% completed 12,008 31 Direct materials, 42,100 units 79,990 91,998 31 Direct labor 22,710 114,708 31 Factory overhead 12,778 127,486 31 Goods...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March: Account Work in Process-Papermaking Department Account No. Balance Date Item Debit Credit Debit Credit Mar 330,750 1 Bal., 2,600 units, 35% completed 31 Direct materials, 105,000 units 31 Direct labor 31 Factory overhead 31 Goods...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March Account Work in Process-Papermaking Department Account No. Balance Date Item Debit Credit Credit Jan. 45,800 Debit 10,320 56,120 70,340 78,332 1 Bal., 4,300 units, 40% completed 31 Direct materials, 22,900 units 31 Direct labor 31...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March: Account Work in Process-Papermaking Department Account No. Date Item Debit Credit Balance Debit Credit 9,139 Mar. 1 Bal., 2,600 units, 35% completed 31 Direct materials, 105,000 units 31 Direct labor 330,750 40,560 54,795 339,089 380,449...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March. Account Work in Process—Papermaking Department Account No. Date Item Debit Credit Balance Debit Credit Jan. 1 Bal., 7,500 units, 20% completed 22,800 31 Direct materials, 40,000 units 76,000 98,800 31 Direct labor 22,550 121,350 31...
CH 17 EX 2,3,4,8,10,12,19,20 eBook Calculator Cost of Production and Journal Entries Lighthouse Paper Company manufactures...
CH 17 EX 2,3,4,8,10,12,19,20 eBook Calculator Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March: Account Work in Process-Papermaking Department Account No. Date Item Debit Credit Mar. 1 Bal., 2,600 units, 35% completed 31 Direct materials, 105,000 units 31 Direct labor 31 Factory overhead...
Equivalent Units of Production The Converting Department of Soft Touch Towel and Tissue Company had 640...
Equivalent Units of Production The Converting Department of Soft Touch Towel and Tissue Company had 640 units in work in process at the beginning of the period, which were 25% complete. During the period, 13,600 units were completed and transferred to the Packing Department. There were 720 units in process at the end of the period, which were 70% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Credit Debit 14,760 Mar. 1 Bal., 18,000 units, 1/4 completed 31 Direct materials, 336,000 units 31 Direct labor 252,000 40,000 266,760 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal 2 units, 2/5 completed 20,880...
Equivalent Units of Production The following information concerns production in the Baking Department for March. All...
Equivalent Units of Production
The following information concerns production in the Baking
Department for March. All direct materials are placed in process at
the beginning of production.
ACCOUNT Work in Process—Baking
Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 5,700 units, 2/3 completed
5,320
31
Direct materials, 102,600 units
143,640
148,960
31
Direct labor
39,810
188,770
31
Factory overhead
22,386
211,156
31
Goods finished, 104,100 units
203,260
7,896
31
Bal. ? units, 4/5 completed
7,896...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March: Account Work in Process-Papermaking Department Account No. Balance Date Item Debit Credit Debit Credit Mar 330,750 1 Bal., 2,600 units, 35% completed 31 Direct materials, 105,000 units 31 Direct labor 31 Factory overhead 31 Goods...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March Account Work in Process-Papermaking Department Account No. Balance Date Item Debit Credit Credit Jan. 45,800 Debit 10,320 56,120 70,340 78,332 1 Bal., 4,300 units, 40% completed 31 Direct materials, 22,900 units 31 Direct labor 31...
Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March: Account Work in Process-Papermaking Department Account No. Date Item Debit Credit Balance Debit Credit 9,139 Mar. 1 Bal., 2,600 units, 35% completed 31 Direct materials, 105,000 units 31 Direct labor 330,750 40,560 54,795 339,089 380,449...
CH 17 EX 2,3,4,8,10,12,19,20 eBook Calculator Cost of Production and Journal Entries Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March: Account Work in Process-Papermaking Department Account No. Date Item Debit Credit Mar. 1 Bal., 2,600 units, 35% completed 31 Direct materials, 105,000 units 31 Direct labor 31 Factory overhead...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Credit Debit 14,760 Mar. 1 Bal., 18,000 units, 1/4 completed 31 Direct materials, 336,000 units 31 Direct labor 252,000 40,000 266,760 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal 2 units, 2/5 completed 20,880...
Equivalent Units of Production
The following information concerns production in the Baking
Department for March. All direct materials are placed in process at
the beginning of production.
ACCOUNT Work in Process—Baking
Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 5,700 units, 2/3 completed
5,320
31
Direct materials, 102,600 units
143,640
148,960
31
Direct labor
39,810
188,770
31
Factory overhead
22,386
211,156
31
Goods finished, 104,100 units
203,260
7,896
31
Bal. ? units, 4/5 completed
7,896...
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