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,…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 10.9E: Recording issuing of materials Materials issued for the current month are as follows a. Determine...

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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
Raw materials requisitioned by production for job No.106 consist of Direct Materials $7,000 and Indirect Materials $1,000. The entry to record this transaction is: * A debit to Work in Process $7,000, a debit to Manufacturing Overhead $1,000 and a credit to Raw Material Inventory $8,000 A debit to Work in Process $6,000, a debit to Manufacturing Overhead $1,000 and a credit to Raw Material Inventory $7,000 A debit to Work in Process $7,000, a credit to Manufacturing Overhead $1,000 and a credit to Raw Material Inventory $6,000 O None of the above
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.
During June at XYZ company, OMR 85,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled OMR 7,000. The journal entry to record the requisition from the storeroom would include a: a. credit to Manufacturing Overhead of OMR 7,000 O b. debit to Work in Process of OMR 85,000 O c. None of the given answer is correct O d. debit to Work in Process of OMR 78,000 O e. debit to Raw Materials of OMR 85,000
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.
During June at XYZ company, OMR 85,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The direct materials totaled OMR 7,000. The journal entry to record the requisition from the storeroom would include a: a. debit to Work in Process of OMR 85,000 O b. credit to Manufacturing Overhead of OMR 7,000 O c. debit to Work in Process of OMR 7,000 O d. None of the given answer is correct O e. debit to Raw Materials of OMR 85,000 US PAGE NEXT PAGE
The total cost of materials, labor, and overhead assigned to a job was $603. Company D transferred this job to its finished goods warehouse. Make the necessary journal entry to record this transaction.
During June at XYZ company, OMR 85,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled OMR 7,000. The journal entry to record the requisition from the storeroom on would include a: An 1 a. debit to Raw Materials of OMR 85,000 O b. debit to Manufacturing Overhead of OMR 7,000 С. debit to Work in Process of OMR 85,000 O d. None of the given answer is correct O e. debit to Work in Process of OMR 7,000 Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a
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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
The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Bal., 4,000 units, 35% completed Direct materials, 94,000 units @ $1.30 Direct labor Factory overhead Bal., ? units, 60% completed Determine the following: Work in Process-Assembly Department Line Item Description Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending 10,940 To Finished Goods, 92,000 units a. The number of units in work in process inventory at the end of the period. units Total units 122,200 298,400 116,080 b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Units Equivalent Direct Units Whole Units Materials Conversion ?
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

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