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In October, the cost of materials transferred into the Rolling Department from the Casting Department of Jabari Steel Company is $6,000,000. The conversion cost for the period in the Rolling Department is $925,200 ($725,200 factory overhead applied and $200,000 direct labor). The total cost transferred to Finished Goods for the period was $6,775,760. The Rolling Department had a beginning inventory of $318,560. Question Content Area a1.  Journalize the cost of transferred-in materials for the Rolling Department. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                 Question Content Area a2.  Journalize the conversion costs for the Rolling Department. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                         Question Content Area a3.  Journalize the costs transferred out to Finished Goods for the Rolling Department. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                 Question Content Area b.   Determine the balance of Work in Process—Rolling at the end of the period.fill in the blank 1 of 1$

In October, the cost of materials transferred into the Rolling Department from the Casting Department of Jabari Steel Company is $6,000,000. The conversion cost for the period in the Rolling Department is $925,200 ($725,200 factory overhead applied and $200,000 direct labor). The total cost transferred to Finished Goods for the period was $6,775,760. The Rolling Department had a beginning inventory of $318,560. Question Content Area a1.  Journalize the cost of transferred-in materials for the Rolling Department. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                 Question Content Area a2.  Journalize the conversion costs for the Rolling Department. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                         Question Content Area a3.  Journalize the costs transferred out to Finished Goods for the Rolling Department. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                 Question Content Area b.   Determine the balance of Work in Process—Rolling at the end of the period.fill in the blank 1 of 1$

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...
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  1. In October, the cost of materials transferred into the Rolling Department from the Casting Department of Jabari Steel Company is $6,000,000. The conversion cost for the period in the Rolling Department is $925,200 ($725,200 factory overhead applied and $200,000 direct labor). The total cost transferred to Finished Goods for the period was $6,775,760. The Rolling Department had a beginning inventory of $318,560.

    Question Content Area

    a1.  Journalize the cost of transferred-in materials for the Rolling Department. If an amount box does not require an entry, leave it blank.

    blank Account Debit Credit
    blank
     
    		    
     
     
    		    
     

    Question Content Area

    a2.  Journalize the conversion costs for the Rolling Department. If an amount box does not require an entry, leave it blank.

    blank Account Debit Credit
    blank
     
    		    
     
     
    		    
     
     
    		    
     

    Question Content Area

    a3.  Journalize the costs transferred out to Finished Goods for the Rolling Department. If an amount box does not require an entry, leave it blank.

    blank Account Debit Credit
    blank
     
    		    
     
     
    		    
     

    Question Content Area

    b.   Determine the balance of Work in Process—Rolling at the end of the period.
    fill in the blank 1 of 1$

     
     
 
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