Ch 20-2
all letters and lines are the ones that need to be answered for the
question.
Homework Answers
| Work-in-process- Cutting | ||||
| Balance, May 1 | $0 | (a) 86000 | Transferred out to | WIP- Finishing |
| Direct materials | 56000 | |||
| Direct labor | 16000 | |||
| Manufacturing overhead | 33000 | |||
| Balance, May 31 | 19000 | |||
Transferred out to- WIP- Finishing= $56000+16000+33000-19000= $86000
| Work-in-process- Finishing | ||||
| Balance, May 1 | $17000 | 150000 | Transferred out to | WIP- Packaging |
| Transferred in from WIP- Cutting | (b) 86000 | |||
| Direct materials | 27000 | |||
| Direct labor | (c) 7000 | |||
| Manufacturing overhead | 21000 | |||
| Balance, May 31 | 8000 | |||
Labor= $150000+8000-17000-86000-27000-21000= $7000
| Work-in-process- Packaging | ||||
| Balance, May 1 | $1000 | (d) 150000 | Transferred out to | FG Inventory |
| Transferred in from WIP- Finishing | (e) 150000 | |||
| Direct materials | 4000 | |||
| Direct labor | 7000 | |||
| Manufacturing overhead | 16000 | |||
| Balance, May 31 | 28000 | |||
Transferred out to Finished goods inventory= $1000+150000+4000+7000+16000-28000= $150000
| Finished goods inventory | ||||
| Balance, May 1 | $0 | (f) 138000 | Transferred out to | COGS |
| Transferred in from WIP- Packaging | (g) 150000 | |||
| Balance, May 31 | 12000 | |||
| Cost of Goods Sold | ||||
| Balance, May 1 | $0 | |||
| Transferred in from FG Inventory | (h) 138000 | |||
| Balance, May 31 | (i) 138000 | |||
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Ch 20-2 all letters and lines are the ones that need to be answered for the question. Save momeWOTR. Cha...
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
Complete the missing amounts and labels in the T-accounts. (Click the icon to view the T-accounts.)...
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. (Abbreviatic Work-in-Process Inventory-Cutting Balance, May 1 0 Transfer out to Direct Materials 53,000 Direct Labor 12.000 Manufacturing Overhead 32.000 Balance, May 31 15,000 Work-in-Process Inventory-Finishing Balance, May 1 12,000 120,000 Transfer out to Transfer in from Direct Materials 19,000 Direct Labor Manufacturing Overhead 19.000 Choose from any list or enter any number...
Please show the computation to obtain the answers. 12. Required information [The following information applies to...
Please show the computation to obtain the
answers.
12. Required information [The following information applies to the questions displayed below.) Part 1 of 2 0.58 points Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Ending Inventory Inventory $ 76,000 $ 91,750 183,500 130,500 Raw materials inventory Work in process inventory- Cutting Work in process...
Ch 03 GL P3-1a Saved 1 Fox Company manufactures soccer balls In two sequentlal processes: Cutting...
Ch 03 GL P3-1a Saved 1 Fox Company manufactures soccer balls In two sequentlal processes: Cutting and Stitching. All direct materlals enter production at the beginning of the Cutting process. The following Information Is avallable regarding Its May Inventorles: Beginning Ending Inventory $104, 050 59, 500 15 Inventory points Raw materials inventory ork in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory $ 86, 000 203, 500 223, 300 180, 100 140, 500 40, 250 еВook The following additional...
GLO301 - Based on Problem 03-1A LO P1, P2, P3, P4 Walsh Company manufactures soccer balls...
GLO301 - Based on Problem 03-1A LO P1, P2, P3, P4 Walsh Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Raw materials Inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods Inventory Beginning Inventory $111,000 253,500 273,300 230,180 Ending Inventory $134,500 62,000 165,500 50,250 The following additional information describes the company's production activities for...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Raw materials inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory $ 51, 000 133, 500 153, 300 38,100 Ending Inventory $ 61,000 105,500 88, 400 26,250 The following additional information describes the company's production activities for May. Direct materials Raw materials...
Clancy Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Clancy Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories Ending Inventory $140,950 62,500 170,50e0 52,250 Beginning Inventory $116,00e Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory 263,500 283,300 240,100 The following additional information describes the company's production activities for May Direct materials Raw materials purchased on credit Direct materials used-Cutting...
Irish Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions...
Irish Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April: (Click the icon to view the transactions.) Requirements 1. Post each of these transactions to the company's inventory T-accounts. 2. Determine the balance at month-end in each of the inventory accounts. 3. Assume that 3,225,000 loaves of bread were completed and transferred out of the Packaging Department during the month. What was the cost per unit of making each loaf of...
Do It! Review 16A-2 Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July,...
Do It! Review 16A-2 Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Mixing Packaging Raw materials used Factory labor costs Manufacturing overhead costs $10,000 8,000 12,000 $28,000 36,000 54,000 Units completed at a cost of $21,000 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $106,000 in the Packaging Department are transferred to Finished Goods. Record the assignment of these costs to the two...
Checking if the first part is right and need help with the jounal entires Sierra Company...
Checking if the first part is right and need help with the
jounal entires
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories Beginning Inventory $91.000 213,500 233,100 54,100 Ending Inventory $110.280 Rare materials inventory Work in process inventory Cutting Work in process inventory Stitching Finished goods inventory 113,200 42,25 The following additional Information describes the...
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
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. (Abbreviatic Work-in-Process Inventory-Cutting Balance, May 1 0 Transfer out to Direct Materials 53,000 Direct Labor 12.000 Manufacturing Overhead 32.000 Balance, May 31 15,000 Work-in-Process Inventory-Finishing Balance, May 1 12,000 120,000 Transfer out to Transfer in from Direct Materials 19,000 Direct Labor Manufacturing Overhead 19.000 Choose from any list or enter any number...
Please show the computation to obtain the
answers.
12. Required information [The following information applies to the questions displayed below.) Part 1 of 2 0.58 points Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Ending Inventory Inventory $ 76,000 $ 91,750 183,500 130,500 Raw materials inventory Work in process inventory- Cutting Work in process...
Ch 03 GL P3-1a Saved 1 Fox Company manufactures soccer balls In two sequentlal processes: Cutting and Stitching. All direct materlals enter production at the beginning of the Cutting process. The following Information Is avallable regarding Its May Inventorles: Beginning Ending Inventory $104, 050 59, 500 15 Inventory points Raw materials inventory ork in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory $ 86, 000 203, 500 223, 300 180, 100 140, 500 40, 250 еВook The following additional...
GLO301 - Based on Problem 03-1A LO P1, P2, P3, P4 Walsh Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Raw materials Inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods Inventory Beginning Inventory $111,000 253,500 273,300 230,180 Ending Inventory $134,500 62,000 165,500 50,250 The following additional information describes the company's production activities for...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Raw materials inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory $ 51, 000 133, 500 153, 300 38,100 Ending Inventory $ 61,000 105,500 88, 400 26,250 The following additional information describes the company's production activities for May. Direct materials Raw materials...
Clancy Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories Ending Inventory $140,950 62,500 170,50e0 52,250 Beginning Inventory $116,00e Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory 263,500 283,300 240,100 The following additional information describes the company's production activities for May Direct materials Raw materials purchased on credit Direct materials used-Cutting...
Irish Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during April: (Click the icon to view the transactions.) Requirements 1. Post each of these transactions to the company's inventory T-accounts. 2. Determine the balance at month-end in each of the inventory accounts. 3. Assume that 3,225,000 loaves of bread were completed and transferred out of the Packaging Department during the month. What was the cost per unit of making each loaf of...
Do It! Review 16A-2 Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Mixing Packaging Raw materials used Factory labor costs Manufacturing overhead costs $10,000 8,000 12,000 $28,000 36,000 54,000 Units completed at a cost of $21,000 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $106,000 in the Packaging Department are transferred to Finished Goods. Record the assignment of these costs to the two...
Checking if the first part is right and need help with the
jounal entires
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories Beginning Inventory $91.000 213,500 233,100 54,100 Ending Inventory $110.280 Rare materials inventory Work in process inventory Cutting Work in process inventory Stitching Finished goods inventory 113,200 42,25 The following additional Information describes the...
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