Crows Ltd produces volleyballs. Assume that production takes place in three departments: manufacturing (rubber bladder and synthetic leather), assembly and inspection. The manufacturing costs for each department for January are as follows: ManufacturingAssemblyInspectionDirect materials 119,600 47,300 3,300Direct labour 52,400 25,400 13,400Manufacturing overhead 60,100 6,100 5,800Assume that there are no beginning and ending work in process inventories, and Crows Ltd produced 25,000 balls in January. Required:Prepare all relevant journal entries using the information available. Include a brief description of each entry.Determine the cost per unit

Manufacturing Department a/c Dr. 232100 To…

Answered: Crows Ltd produces volleyballs. Assume…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Crows Ltd produces volleyballs. Assume that production takes place in three departments: manufacturing (rubber bladder and synthetic leather), assembly and inspection. The manufacturing costs for each department for January are as follows:

	Manufacturing	Assembly	Inspection
Direct materials	119,600	47,300	3,300
Direct labour	52,400	25,400	13,400
Manufacturing overhead	60,100	6,100	5,800

Assume that there are no beginning and ending work in process inventories, and Crows Ltd produced 25,000 balls in January.

Required:

Prepare all relevant journal entries using the information available. Include a brief description of each entry.
Determine the cost per unit

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