Question

Week 5 Homework - Prince - Excel FORMULAS DATA REVEW VEW a X HOME u g Copy INSERT PAGE LAYOUT Colibri 1 BIU. . Font . A À .A. E == E Wap Text Merge Cente Conditional Formatas Formatting Table Chipboard - = 7 X fx 24000 Overhead Ang 1. Prepare a production cost report for the Milling department for the month of April. Use the wel format as demonstrated in the lecture, as outlined below) 2. Confirm that total costs to be accounted for from step 2) equals total costs accounted for from step 41 minor differences may occur due to rounding the cost per equivalent unit in step 3 03 For the Milling department at Wood Products, inc prepare relates to re The cost of direct aterials placed production during the month b. Direct labor costs incurred during the month but not yet paid The application of overhead costs during the month d. The transfer of costs from the Milling department to the Sanding departme 22.400 15200 17.00 425 427 4 4 .31 us type Type 2

I cannot figure out the WIP- sanding and WIP Milling entry. Any help would be appreciated.

Answer 1

	Date	Account					Debit	Credit
	01-Apr	WIP-Sanding					73263
		WIP-Milling						73263
		(Cost of units transferred out)