Prepare the November 30 Journal entry to record the transfer of costs from the Assembly department to the Painting department. Use the weighted average method. View transaction list Journal entry worksheet < Record the transfer of costs from the Assembly department to the Painting department (weighted average method.) Note: Enter debits before credits. >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Assembly Department
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
View transaction list
Journal entry worksheet
< 1
Note: Enter debits before credits.
Date
November 30
Record entry
Units
General Journal
3,000
11,300
10,000
4,300
Clear entry
Complete for
Direct
Materials
70%
$ 1,533
761
QS 16-13 (Algo) Weighted average: Entry to transfer costs LO P4
Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use
the weighted average method.
11,907
21,819
Record the transfer of costs from the Assembly department to the Painting
department (weighted average method.)
80%
Percent
Complete for
Conversion
30%
$ 2,294
Debit
33,726
30%
Credit
View general journal
Transcribed Image Text:Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion View transaction list Journal entry worksheet < 1 Note: Enter debits before credits. Date November 30 Record entry Units General Journal 3,000 11,300 10,000 4,300 Clear entry Complete for Direct Materials 70% $ 1,533 761 QS 16-13 (Algo) Weighted average: Entry to transfer costs LO P4 Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use the weighted average method. 11,907 21,819 Record the transfer of costs from the Assembly department to the Painting department (weighted average method.) 80% Percent Complete for Conversion 30% $ 2,294 Debit 33,726 30% Credit View general journal
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