Homework Answers
a) Transfer out to Work in process inventory finishing account id $82000
b) Transfer in from work in process inventory cutting $ 82000
c) Direct labour cant be calculated as question is incomplete, balance for 31st may of work in process finishing is not given
120000 from work in process finishing is to be transferred to work in process packaging
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Complete the missing amounts and labels in the T-accounts. (Click the icon to view the T-accounts.)...
Begin with the Work-in-Process—Cutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS =...
Begin with the Work-in-Process—Cutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS = Cost of Goods Sol Finished Goods, WIP = Work-in-Process) WIP—Finishing Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Work-in-Process Inventory-Cutting 83,000 Transfer out to 49,000 15,000 29,000 10,000 Work-in-Process Inventory-Finishing 8,000 130,000 Transfer out to 83000 24,000 WIP—Packaging Balance, May 1 Transfer in from WIP-Cutting Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 16,000 4,000
Analyze the following T-accounts: ? (Click the icon to view the T-accounts.) Determine the missing amounts....
Analyze the following T-accounts: ? (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Finished Goods Inventory Raw Materials Inventory 32,000 20000 (a) Work-in-Process Inventory 19000 39,000 (c) 7,000 13,200 Bal. 12,000 Bal. 200 Bal. 7,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 32,000 Manufacturing Overhead Cost of Goods Sold 1,000 (g) 13,200 1 1,800 1,600 12,000 Bal. Bal. 33,600
Analyze the following T-accounts: (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume...
Analyze the following T-accounts: (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Finished Goods Inventory Raw Materials Inventory 25,000 (a) (b) Work-in-Process Inventory 30,000 6,000 11,700 Bal. 8,000 Bal. 3,700 Bal. 1,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 25,000 Cost of Goods Sold (g) Manufacturing Overhead 1,000 11,700 1,800 12,000 3,100 Bal. Bal. 32,100
Analyze the following T-accounts: F: (Click the icon to view the T-accounts.) Determine the missing amounts....
Analyze the following T-accounts: F: (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Finished Goods Inventory Raw Materials Inventory 27,000 Work-in-Process Inventory (b) 35,000 5,000 10,800 Bal. 1,800 Bal. 3,500 Bal. 8,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 27,000 Cost of Goods Sold Manufacturing Overhead 2,500 10,800 2,200 0 12,000 5,900 Bal. Bal. 32,900
malyze the following T-accounts: (Click the icon to view the T-accounts.) etermine the missing amounts. (Assume...
malyze the following T-accounts: (Click the icon to view the T-accounts.) etermine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Raw Materials Inventory 28,000 21,000 (a) Finished Goods Inventory 35,000 23,000 (d) Work-in-Process Inventory (b) 18,000 35,000 8,000 15,300 Bal. 6,300 Bal. 7,000 12,000 Wages Payable Accumulated Depreciation 11,000 Accounts Payable 28,000 () Manufacturing Overhead 3,000 15,300 2,200 900 11,000 Bal. 0 Cost of Goods Sold 23,000 900 Bal. 23,900
Record the following process costing transactions in the general joumal: (Click the icon to view the...
Record the following process costing transactions in the general joumal: (Click the icon to view the transactions.) a. Record the purchase of raw materials on account, $9,800. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Date More info b. ACDOU Payable Accumulated Depreciation Plant Cash Finished Goods Inventory Manufacturing Overhead Prepaid Insurance Plant Property Taxes Payable Plant Raw Materials Inwentory Ulities Payable Wages Payable Work in Process Inventory Assembly Work in Process...
Analyze the following T-accounts: (Click the loon to view the T-accounts.) Determine the missing amounts. (Assume...
Analyze the following T-accounts: (Click the loon to view the T-accounts.) Determine the missing amounts. (Assume that material costs are recorded before labor costs.) Raw Materials Inventory Work-in-process Inventory Finished Goods Inventory Bal 4.500 Bal 6.500 Bal 5.000 27,000 (a) (b) 30,000 3,000 6.900 Bal 6.400 Bal 10.000 Accumulated Depreciation 13,000 Wages Payable Accounts Payable 27,000 e Manufacturing Overhead Cost of Goods Sold 6.900 13,200 Bal. 0 Bal. 38,200
Ch 20-2 all letters and lines are the ones that need to be answered for the question. Save momeWOTR. Cha...
Ch 20-2
all letters and lines are the ones that need to be answered for the
question.
Save momeWOTR. Chapter 20 Homework Score: 0 of 7 pts 2 of 3 (Z complete E20-19 (similar to) HW Score: 41.67%, 15 of 36 pts Question Help Complete the missing amounts and labels in the T-accounts Chick the icon to view the T-accounts: Begin with the Work in Process Cutting T-account then complete each of the remaining COGS Cost of Goods Sold, FG...
The Mixing Department incurred the following costs during the month: (Click the icon to view the...
The Mixing Department incurred the following costs during the month: (Click the icon to view the costs incurred.) What is the journal entry to record the costs incurred during the month? Date Accounts and Explanation Debit Credit OA 1,085 i Costs Incurred Work-in-Process Inventory - Mixing Raw Materials Inventory Wages Payable Manufacturing Overhead Direct OB. Manufacturing Overhead Allocated 1,085 Materials Work-in-Process Inventory - Mixing Raw Materials Inventory Conversion Costs Direct Labor 45 2 20 Beginning WIP $ $ Added this...
Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click the icon to view...
Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300. Date Accounts Debit a. 2.300 Cash Website Expenses b. Incurred manufacturing wages of $20.000. 70% of which was direct labor and 30% of which was in Date Accounts Debit b. Work-in-Process Inventory Choose from any list or enter any number in the input...
Begin with the Work-in-Process—Cutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS = Cost of Goods Sol Finished Goods, WIP = Work-in-Process) WIP—Finishing Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Work-in-Process Inventory-Cutting 83,000 Transfer out to 49,000 15,000 29,000 10,000 Work-in-Process Inventory-Finishing 8,000 130,000 Transfer out to 83000 24,000 WIP—Packaging Balance, May 1 Transfer in from WIP-Cutting Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 16,000 4,000
Analyze the following T-accounts: ? (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Finished Goods Inventory Raw Materials Inventory 32,000 20000 (a) Work-in-Process Inventory 19000 39,000 (c) 7,000 13,200 Bal. 12,000 Bal. 200 Bal. 7,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 32,000 Manufacturing Overhead Cost of Goods Sold 1,000 (g) 13,200 1 1,800 1,600 12,000 Bal. Bal. 33,600
Analyze the following T-accounts: (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Finished Goods Inventory Raw Materials Inventory 25,000 (a) (b) Work-in-Process Inventory 30,000 6,000 11,700 Bal. 8,000 Bal. 3,700 Bal. 1,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 25,000 Cost of Goods Sold (g) Manufacturing Overhead 1,000 11,700 1,800 12,000 3,100 Bal. Bal. 32,100
Analyze the following T-accounts: F: (Click the icon to view the T-accounts.) Determine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Finished Goods Inventory Raw Materials Inventory 27,000 Work-in-Process Inventory (b) 35,000 5,000 10,800 Bal. 1,800 Bal. 3,500 Bal. 8,000 Accumulated Depreciation Accounts Payable Wages Payable 12,000 27,000 Cost of Goods Sold Manufacturing Overhead 2,500 10,800 2,200 0 12,000 5,900 Bal. Bal. 32,900
malyze the following T-accounts: (Click the icon to view the T-accounts.) etermine the missing amounts. (Assume all beginning balances are $0 and that material costs are recorded before labor costs.) Raw Materials Inventory 28,000 21,000 (a) Finished Goods Inventory 35,000 23,000 (d) Work-in-Process Inventory (b) 18,000 35,000 8,000 15,300 Bal. 6,300 Bal. 7,000 12,000 Wages Payable Accumulated Depreciation 11,000 Accounts Payable 28,000 () Manufacturing Overhead 3,000 15,300 2,200 900 11,000 Bal. 0 Cost of Goods Sold 23,000 900 Bal. 23,900
Record the following process costing transactions in the general joumal: (Click the icon to view the transactions.) a. Record the purchase of raw materials on account, $9,800. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Date More info b. ACDOU Payable Accumulated Depreciation Plant Cash Finished Goods Inventory Manufacturing Overhead Prepaid Insurance Plant Property Taxes Payable Plant Raw Materials Inwentory Ulities Payable Wages Payable Work in Process Inventory Assembly Work in Process...
Analyze the following T-accounts: (Click the loon to view the T-accounts.) Determine the missing amounts. (Assume that material costs are recorded before labor costs.) Raw Materials Inventory Work-in-process Inventory Finished Goods Inventory Bal 4.500 Bal 6.500 Bal 5.000 27,000 (a) (b) 30,000 3,000 6.900 Bal 6.400 Bal 10.000 Accumulated Depreciation 13,000 Wages Payable Accounts Payable 27,000 e Manufacturing Overhead Cost of Goods Sold 6.900 13,200 Bal. 0 Bal. 38,200
Ch 20-2
all letters and lines are the ones that need to be answered for the
question.
Save momeWOTR. Chapter 20 Homework Score: 0 of 7 pts 2 of 3 (Z complete E20-19 (similar to) HW Score: 41.67%, 15 of 36 pts Question Help Complete the missing amounts and labels in the T-accounts Chick the icon to view the T-accounts: Begin with the Work in Process Cutting T-account then complete each of the remaining COGS Cost of Goods Sold, FG...
The Mixing Department incurred the following costs during the month: (Click the icon to view the costs incurred.) What is the journal entry to record the costs incurred during the month? Date Accounts and Explanation Debit Credit OA 1,085 i Costs Incurred Work-in-Process Inventory - Mixing Raw Materials Inventory Wages Payable Manufacturing Overhead Direct OB. Manufacturing Overhead Allocated 1,085 Materials Work-in-Process Inventory - Mixing Raw Materials Inventory Conversion Costs Direct Labor 45 2 20 Beginning WIP $ $ Added this...
Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300. Date Accounts Debit a. 2.300 Cash Website Expenses b. Incurred manufacturing wages of $20.000. 70% of which was direct labor and 30% of which was in Date Accounts Debit b. Work-in-Process Inventory Choose from any list or enter any number in the input...
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