Question 9 of 10<Current Attempt in Progress-/1 E:Cullumber Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materialsand conversion costs are incurred evenly throughout the process. For the month of April, the work in process inventory accounts showthe following debits.CookingCanningBeginning work in process$0$4,240Direct materials22,2609.540Direct labor9,0107,420Manufacturing overhead33,39027,400Costs transferred in56,180Journalize the April transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when anentered. Do not indent manually.)SUPPORT

Jounral entries : The journal entries pertaining to April are prepared as follows, DATE…

Answered: Question 9 of 10 < Current Attempt in…

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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Chapter 17 homework eBook Cost of Units Completed and in Process 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. Work in Process-Assembly Department Bal., 30,000 units, 40% completed Direct materials, 400,000 units @ $11.25 Direct labor Factory overhead Bal., ? units, 30% completed Cost per equivalent units of $11.25 for Direct Materials and $60.00 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) b. Did the production costs change from the preceding period? 1,075,500 To Finished Goods, 406,000 units 4,500,000…
Question 2 Vaasa Chemicals makes a product by way of two processes Mixing & Refining. Its process costing system in the Mixing Department has two direct cost categories (Chemical P & Chemical Q) and one conversion costs pool. Chemical P is introduced at the start of the operations in the Mixing Department and Chemical Q is added when the product is three- fourths (75%) completed in the Mixing Department. The following information pertains to the Mixing department for July: Units Work in process inventory, July 1 Started production Completed and transferred to Refining Department Ending work in process inventory [two-thirds (66%%)of the way through the Mixing process] 50,000 35.000 15,000 Costs Beginning WIP inventory SO Costs added during July: Chemical P 250,000 Chemical Q 70,000 Direct Labour 32,000 Manufacturing overhead 103,000 Required: i) Compute the equivalent units in the Mixing Department for direct materials and for conversion costs ii) Compute: a) the cost of the units…
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iii) Post the journal entries to the Work in Process Inventory - Fermenting T-account. What is the ending balance? iv) Present the journal entries to record the assignment of direct materials and direct labour and the allocation of manufacturing overhead to the Fermenting Department. Also give the journal entry to record the cost of the gallons completed and transferred out to the Packaging Department.
PROBLEM 8 The following data for the month of September were taken form the cost records of Department 1 of Pro-Life products which uses process costing system: Opening inventory of work in process: Units – 500 (with all materials added and 50% of labor and overhead) Cost - Materials 2, 400 Labor 1, 500 Factory overhead 760 Put into production: Units – 5, 000 Costs - Materials 25, 100 Labor 19, 380 Factory overhead 14, 900 Completed and transferred – 4, 800 units Ending inventory of work in process: Units – 700 (with all materials, and 60% of labor and overhead) 10. The cost per equivalent unit (rounded to nearest centavo) under FIFO: 11. The cost per equivalent unit (rounded to nearest centavo) under weighted average:
2a
Units to be Assigned Costs Question 11 Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 51,800 ounces from the Blending Department. During the period, the Filling Department completed 53,200 ounces, including 3,500 ounces of work in process at the beginning of the period. The ending work in process inventory was 2,100 ounces. How many ounces were started and completed during the period?fill in the blank 1 ounces
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