Homework Answers
b) Ending WIP = Beginning WIP+Cost added-Finished goods
= 9139+426105-330750
Ending WIP = 104494
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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...
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...
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...
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 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...
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...
Instructions Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papormaking and Converting...
Instructions Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papormaking 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 Balance Date Item Debit Credit Debit Credit Mat 1 Bal 2,800 units, 35% completed 9,178 31 Direct materials, 105,000 units 357,000 366,178 31 Direct labor 40,500 406.758 31 Factory overhead 44,306 451,154 A Previous ndowne...
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...
eBook Show Me How Calculator Equivalent units of Production The following information concerns production in the...
eBook Show Me How Calculator 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. Balance Date Item Debit Credit Debit Credit March 1 Bal., 8,700 units, 3/5 completed 33,060 31 Direct materials, 156,600 units 297,540 330,600 31 Direct labor 81,290 411,890 31 Factory overhead 45,718 457,608 31 Goods finished, 158,700 units 440,844 16,764 31 Bal.?...
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. Balance Date Debit Item Credit Debit Credit 1 Bal., 5,100 units, 3/5 completed March 14,280 31 Direct materials, 91,800 units 128,520 142,800 31 Direct labor 35,440 178,240 31 Factory overhead 19,928 198,168 31 Goods finished, 93,000 units 191,304 6,864 31 Bal. 7 units, 3/S completed 6,864...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process—Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 20,100 units, 80% completed 80,400 31 Direct materials, 98,500 units 240,340 320,740 31 Direct labor 149,000 469,740 31 Factory overhead 151,400 621,140 31 Goods transferred, 104,500 units 597,740 23,400 31 Bal., ? units, 35% completed 23,400 a....
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...
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...
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...
Instructions Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papormaking 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 Balance Date Item Debit Credit Debit Credit Mat 1 Bal 2,800 units, 35% completed 9,178 31 Direct materials, 105,000 units 357,000 366,178 31 Direct labor 40,500 406.758 31 Factory overhead 44,306 451,154 A Previous ndowne...
eBook Show Me How Calculator 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. Balance Date Item Debit Credit Debit Credit March 1 Bal., 8,700 units, 3/5 completed 33,060 31 Direct materials, 156,600 units 297,540 330,600 31 Direct labor 81,290 411,890 31 Factory overhead 45,718 457,608 31 Goods finished, 158,700 units 440,844 16,764 31 Bal.?...
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. Balance Date Debit Item Credit Debit Credit 1 Bal., 5,100 units, 3/5 completed March 14,280 31 Direct materials, 91,800 units 128,520 142,800 31 Direct labor 35,440 178,240 31 Factory overhead 19,928 198,168 31 Goods finished, 93,000 units 191,304 6,864 31 Bal. 7 units, 3/S completed 6,864...
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