No. | Account Titles and Explanation | Debit ($) | Credit ($) |
(a) | Work in Process - Dept. B | $ 120,000 | |
Work in Process - Dept. A | $ 120,000 | ||
(To record the tranfer of production from Dept. A to B ) | |||
(b) | Work in Process - Dept. B | $ 81,000 | |
Raw materials inventory | $ 50,000 | ||
Factory Labor | $ 12,000 | ||
Manufacturing overhead | $ 19,000 | ||
(To record the manufacturing costs incurred by Dept. B ) | |||
(c ) |
Finished Goods Inventory ( $ 25,000 + $ 201,000 (-) $ 30,000 ) |
$ 196,000 | |
Work in Process - Dept. B | $ 196,000 | ||
(To record the tranfer of Finished goods from Dept. B ) |
is this right ? Wancial Managerial Accounting 2 Hele sistem can Q Additional Exercise 162 Benson...