Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used. A. debit Work-in-Process Inventory—Coloring, $80,000; credit Manufacturing Overhead, $80,000 B. debit Work-in-Process Inventory—Coloring, $50,000; credit Manufacturing Overhead, $50,000 C. debit Manufacturing Overhead, $50,000; credit Work-in-Process Inventory—Mixing, $50,000 D. debit Manufacturing Overhead, $80,000; credit Work-in-Process Inventory—Mixing, $80,000
Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used. A. debit Work-in-Process Inventory—Coloring, $80,000; credit Manufacturing Overhead, $80,000 B. debit Work-in-Process Inventory—Coloring, $50,000; credit Manufacturing Overhead, $50,000 C. debit Manufacturing Overhead, $50,000; credit Work-in-Process Inventory—Mixing, $50,000 D. debit Manufacturing Overhead, $80,000; credit Work-in-Process Inventory—Mixing, $80,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used.
debit Work-in-Process
Inventory—Coloring,
$80,000; credit Manufacturing Overhead, $80,000debit Work-in-Process
Inventory—Coloring,
$50,000; credit Manufacturing Overhead, $50,000debit Manufacturing Overhead, $50,000; credit Work-in-Process
Inventory—Mixing,
$50,000debit Manufacturing Overhead, $80,000; credit Work-in-Process
Inventory—Mixing,
$80,000Expert Solution
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