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These 10 pages are related to one assignment. The pages are in (page order):

2 I Online ten-hing and iearning resource from Cengage Learning 5/10/2019 -S Equivalent Units of Producti The Converting Department of Hopkinsville 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 here were 720 units in process at the end of he period which were 25% complete. Direct materials are placed into the process at the beginning of production Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0 Hopkinsville Company Number of Equivalent Units of Production Whole Units Direct Materials Equivalent Units Conversiorn Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total true Barbara Dunn- Front Desk-Business Offic v2 1 Online t-hing and learning resource from Cengage Learning 5/10/2019 1 of 3 factory costs and jobs completed Lak Shee Entries Instructions Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $7,000 of indirect materials and $11,200 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form Job 301 Direct materials $10.200 Direct materials $21.000 Direct labor Factory overhead 6,080 Factory overhead 11,704 Total Job 302 8,000 Direct labor 15,400 Total $48,104 $24.280 Job 303 Direct materials $23.000 Direct materials $14,200 Direct labor Factory overhead Job 304 18,000 Direct labor 12.200 Factory overhead _ Required Journalize the Jan. 31 summary entries to record each of the following operations for January (one entry for each operation). Refer to the Chart of Accounts for exact wording of account titles a. Direct and indirect materials used b. Direct and indirect labor used c Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost) tion of Jobs 301 and 302 https:l/v2.cengagenow.comfirn/takeAssignment/takeAssignmentMain.do?inprogress true ing and learning resource from Cengage Leaming CengageNOWv2I Online te 5/10/20159 CHART OF ACCOUNTS ChaT of cLOnTs - Chart of Accounts Old School Publishing Inc. General Ledger LIABILITIES ASSETS REVENUE 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary 2i gage cengagenow.com/irn/takeAssignment/takeAssignmentMain.do?inprogress-true CengageNOWv2 Onine ter-hing and learning resource from Cengage Learning 5/10/2019 Entries factory costs and jobs completed Journal Journalize the Jan, 31 summary entries to record each of the following operations for January (one ontry for each operation). Rofer to the Chart of Accounts for exact wording of account titles. a. Direct and indirect materials used. b. Direct and indirect labor used c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost) d. Completion of Jobs 301 and 302 PAGE 10 JOURNAL CREDIT DEBIT POST. REF DESCRIPTION DATE https:l/v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do? com/irn/takeAssignment/takeAssignmentMain do?inprogress true 5/10/2019 CengageNoWv2 Online teaching and learning resource from Cengage Learning Entries flow of factory costs for process cost system nstructions Sweeties, Inc., manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $360,000, $147,000, and $96,400 respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period totaled $28,200 Required: a. (1) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials. (2) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor. (3) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting. Refer to the Chart of Accounts for exact wording of account titles. https:/v2.cengagenow.com/itrn/takeAssignmenttakeAssignmentMain.do?inprogress-true Chart of Accounts CHART OF ACCOUNTS Sweeties, Inc General Ledger REVENUE ASSETS 410 Sales 191 Factory 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 141 Work in Process-Refiningg 142 Work in Process-Sifting 143 Work in Process-Packing 151 Factory Overhead-Refining 152 Factory Overhead-Sifting 153 Factory Overhead-Packing 161 Finished Goods 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 181 Land 610 Interest Revenue 192 Accumulated Depreciation-Factory EXPENSES LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 251 Wages Payable 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary 5/10/2019 CongageNowv2 Online lar,吻ing and learning resource from Cengage Learning Entries low of factory costs for process cost system 30f Journal a(1). On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials. Refer to the Chart of Accounts for exact wording of account tities PAGE 10 JOURNAL DATE DESCRIPTION POST REF DEBIT CREDIT a(2). On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor. Refer to the Chart of Accounts for exact wording of account tities PAGE 10 JOURNAL DEBIT CREDIT DESCRIPTION POST. REF DATE https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress true CengageNoWv2 | Online te--hing and learning resource from Cengage l earning 5/10/2019 Entries flow of factory costs for process cost system Journal a(3). On September 30. journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead. Refer to the Chart of Accounts for exact wording of account titles PAGE 10 JOURNAL CREDIT POST. REF DEBIT DATE DESCRIPTION b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL CREDIT DEBIT POST, REF DESCRIPTION DATE com/ilrm/takeAssignment/takeAssignmentMain.do?inprogress-true 2 I Online ten-hing and iearning resource from Cengage Learning 5/10/2019 -S Equivalent Units of Producti The Converting Department of Hopkinsville 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 here were 720 units in process at the end of he period which were 25% complete. Direct materials are placed into the process at the beginning of production Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0 Hopkinsville Company Number of Equivalent Units of Production Whole Units Direct Materials Equivalent Units Conversiorn Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total true 5/10/2019 CengageNoWv2 I Online te-hing and learning resource from Cengage Learning ne Equivalent Un ts of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as f ollows: Drawing Department Winding Department 8,500 units, 55% completed 3,100 units, 90% completed Work in process, November 1 Completed and transferred to next processing department during November 116,500 units Work in process, November 30 115,400 units 6,500 units, 75% completed 4,200 units, 25% completed a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for the Drawing Department. If an amount is zero, enter in "O" Drawing Department Direct Materials and Conversion Equivalent Units of Production For November Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, November 1 Started and completed in November Transferred to Winding Department in November Inventory in process, November 30 Total b. If all direct materials are placed in process at the beginning of production, detcrmine the direct materials and conversion equivalent units of production for November for the winding Department. If an amount is zero, enter in "O" Winding Department Direct Materials and Conversion Equivalent Units of Production For November Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, November 1 Started and completed in November Transferred to finished goods in November Inventory in process, November 30 Total https://v2.cengagenow.com/ilrn/takeAssignmen

Answer 1

1	Hopkinsville Company
	Number of Equivalent Units of Production
		Whole Units	Direct Material Equivalent Units	Conversion Equivalent Units
	Inventory in process - beginning (25% complete)	640		480
	Started and completed	12960	12960	12960
	Transferred to packing deptt.	13600	13600	13600
	Inventory in process - ending (25% complete)	720	720	180
	Total	14320	14320	13780