a1. Journalize the cost of transferred-in materials, | ||
Work-in Process Inventory - Rolling | $551,700 | |
Work-in Process - Casting | $551,700 | |
a2. Journalize the conversion costs. | ||
Work-in Process Inventory - Rolling [$67,400 + $45,200] | $112,600 | |
Factory overhead - Rolling | $67,400 | |
Wages payable | $45,200 | |
a3. Journalize the costs transferred out to Finished Goods | ||
Finished goods | $616,400 | |
Work-in Process Inventory - Rolling | $616,400 | |
b. The balance of Work in Process—Rolling at the end of the
period [Beginning inventory + Manufacturing cost incurred during the current period - Cost transferred to finished goods] [$23,500 + ($551,700 + $112,600) - $616,400] |
$71,400 |
Book Show Me How Calculator rocess Cost Journal Entries the cost of materials transferred into the...
rolling department of keystone steel company Calculator BShow Me How eBook Process Cost Journal Entries The cost of materials transferred into the Rolling Department of Keystone Steel Company is $557,300 from the Casting Department. The conversion cost for the period in the Rolling Department is $115,000 ($66,700 factry overhead applied and $48,300 direct labor). The total cost transferred to Finished Goods for the period was $661,700. The Rolling Department had a beginning imventory of $29,900 a1. Journalize the cost of...
Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $3,000,000. The conversion cost for the period in the Rolling Department is $462,600 ($275,000 factory overhead applied and $187,600 direct labor). The total cost transferred to Finished Goods for the period was $3,392,400. The Rolling Department had a beginning inventory of $163,800. a1. Journalize the cost of transferred-in materials. If an amount box does not require...
Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $582,600. The conversion cost for the period in the Rolling Department is $103,800 ($63,000 factory overhead applied and $40,800 direct labor). The total cost transferred to Finished Goods for the period was $560,000. The Rolling Department had a beginning inventory of $24,900. al. Journalize the cost of transferred-in materials. If an amount box does not require...
Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $525,600. conversion cost for the period in the Rolling Department is $105,300 ($63,200 factory overhead applied and $42,100 direct labor). The total cost transferred to Finished Goods for the period was $560,000. The Rolling Department had a beginning inventory of $24,200. a1. Journalize the cost of transferred-in materials. If an amount box does not require an...
Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $3,000,000. The conversion cost forth period in the Rolling Department is $462,600 ($275,000 factory overhead applied and $187,600 direct labor). The total cost transferred to Finished Goods for the period was $3,392,400. The Rolling Department had a beginning inventory of $163,800. al. Joumalize the cost of transferred-in materials. If an amount box does not require an...
In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $509,600. The conversion cost for the period in the Rolling Department is $106,800 ($63,400 factory overhead applied and $43,400 direct labor). The total cost transferred to Finished Goods for the period was $530,000. The Rolling Department had a beginning inventory of $21,000. a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it...
Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $513,800. The conversion cost for the period in the Rolling Department is $109,400 ($68,200 factory overhead applied and $41,200 direct labor). The total cost transferred to Finished Goods for the period was $590,000. The Rolling Department had a beginning inventory of $25,700. al. Journalize the cost of transferred-in materials. If an amount box does not require...
Process Cost Journal Entries: In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $522,200. The conversion cost for the period in the Rolling Department is $117,600 ($69,100 factory overhead applied and $48,500 direct labor). The total cost transferred to Finished Goods for the period was $550,000. The Rolling Department had a beginning inventory of $26,700. 1A) Journalize the cost of transferred-in materials. If an amount box does not require...
The cost of materials transferred into the Rolling Department of Raystone Steel Company is $342.000 from the Casting Department. The common cout for the period in die factory overhead applied and $44.700 direct labor). The total transferred to Finished Goods for the period was $652.900. The Rolling Department had be e al. Journalize the cost of transferred in materials r Department is $100.000 (44,100 27.100 Work in Process Casti 2. Journalize the conversion costs. If an amount box does not...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...