Need Help with this Question Materials were requisitioned for use, $28,200, of which $25,000 were directmaterials. The entry is:A. Dr. Manufacturing Overhead for $25,000 and Work in Process Inventory for$3,200 and Cr. Materials Inventory for $28,200.B. Dr. Work in Process Inventory for $25,000 and Manufacturing Overhead for$3,200 and Cr. Materials Inventory for $28,200.C. Dr. Manufacturing Overhead for $25,000 and Work in Process Inventory for$3,200 and Cr. Materials Purchases for $28,200.D. Dr. Work in Process Inventory for $28,200 and Cr. Materials Inventory for$28,200.

Step 1: Definition of Materials Inventory:Materials inventory is a balance sheet account used by…

Answered: Materials were requisitioned for use,…

Principles of Accounting Volume 2

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Chapter5: Process Costing

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Problem 13PA: Selected information from Skylar Studios shows the following: Prepare journal entries to record the...

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Selected information from Hernandez Corporation shows the following: Prepare journal entries to record the following: raw material purchased direct labor incurred depreciation expense (hint: this is part of manufacturing overhead) raw materials used overhead applied on the basis of $0.50 per machine hour the transfer from department 1 to department 2
Managerial accounting
The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000 from the Casting Department. The conversion cost for the period in the Rolling Department is $81,200 ($54,700 factory overhead applied and $26,500 direct labor). The total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a beginning inventory of $25,000.a. Journalize (1) the cost of transferred-in materials, (2) conversion costs, and (3) the costs transferred out to Finished Goods.b. Determine the balance of Work in Process—Rolling at the end of the period.
The assembly dept. requisitioned raw material from the warehouse having a cost of $5.000 while the finishing department requisitioned raw materials costing $2,000 from the warehouse. Provide the necessary journal entries.
The cost of materials transferred into the Rolling Department of Keystone Steel Company is $590,700 from the Casting Department. The conversion cost for the period in the Rolling Department is $109,500 ($65,500 factory overhead applied and $44,000 direct labor). The total cost transferred to Finished Goods for the period was $687,200. The Rolling Department had a beginning inventory of $29,200. a1. Journalize the cost of transferred-in materials. a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank. a3. Journalize the costs transferred out to Finished Goods. b. Determine the balance of Work in Process—Rolling at the end of the period.
Uhtred Manufacturing had the following transactions in October: 1. Purchased raw materials on account, $57,100. 2. Used materials in production: $18,500 in the Mixing Department; $5,100 in the packaging Department; $800 in indirect materials. 3. Incurred labor costs: $9,000 in the Mixing Department; $3,960 in the Packaging Department; $2,140 in indirect labor. 4. Incurred manufacturing overhead costs: $8,850 in machinery depreciation; paid $3,750 for rent and paid for utilities at a cost of $1,690. Prepare the journal entries for Uhtred Manufacturing. Date 1 2 3 4 Description O O O O O O O C O Debit Credit 000 I
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The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department. The conversion cost for the period in the Rolling Department is $81,200 ($54,700 factory overhead applied and $26,500 direct labor). Tht total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a Beginning Inventory of $25,000 Journalize the cost of transferred in materials.
The costs per equivalent unit of direct materials and conversion in the RollingDepartment of Kraus Steel Company are $750 and $120, respectively. The equivalentunits to be assigned costs are as follows:The beginning work in process inventory on October 1 had a cost of $163,800.Determine the cost of completed and transferred-out production, the ending work inprocess inventory, and the total costs assigned by the Rolling Department
b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. Entry Description Debit Credit b. Work in Process fill in the blank 6 fill in the blank 7 Factory Overhead fill in the blank 9 fill in the blank 10 Materials fill in the blank 12 fill in the blank 13 c. Factory labor used, $756,000, of which $182,000 was indirect. Entry Description Debit Credit c. Work in Process fill in the blank 15 fill in the blank 16 Factory Overhead fill in the blank 18 fill in the blank 19 Wages Payable fill in the blank 21 fill in the blank 22
QUESTION 9 10 p The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000from the Casting Department The conversion cost for the period in the Rolling Department is $81,200 ($54,700 factory overhead applied and $26,500 direct labor). The total cost transferred to Finished Goods for the period was $553,200. The Rolling Department had a Beginning Inventory of $25,000 Journalize the cost of transferred out to Finished Goods. Work in Process - Rolling 553,200 Finished Goods 553,200 Finished Goods 553,200 Work in Process - Rolling 553,200 Finished Goods 510,000 Work in Process - Rolling 510,000 Work in Process Rolling 510,000 Finished Goods 510,000
Uhtred Manufacturing had the following transactions in October: Purchased raw materials on account, $58,800. Used materials in production: $21,900 in the Mixing Department; $4,800 in the packaging Department; $920 in indirect materials. Incurred labor costs: $7,500 in the Mixing Department; $4,050 in the Packaging Department; $2,520 in indirect labor. Incurred manufacturing overhead costs: $9,540 in machinery depreciation; paid $2,890 for rent and paid for utilities at a cost of $1,920. Prepare the journal entries for Uhtred Manufacturing. Journal Date Description Debit Credit 1 1 2 2 2 2 3 3 3 3 4 4 4

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