Required Information [The following information applies to the questions displayed below.] No 1 Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,800 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. 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 Units Date November 30 2,400 10,800 9,400 3,800 Percent Complete for Direct Materials 75% $ 2,479 487 23,541 26,338 General Journal 95% $ 2,966 Percent Complete for Conversion 25% 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. 49,879 35% Debit Credit
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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![Required Information
[The following information applies to the questions displayed below.]
No
1
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,800
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
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
Units
Date
November 30
2,400
10,800
9,400
3,800
Percent
Complete for
Direct
Materials
75%
$ 2,479
487
23,541
26,338
General Journal
95%
$ 2,966
Percent
Complete for
Conversion
25%
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.
49,879
35%
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F91294cd5-51d7-43c6-b616-861f276f66bd%2Fc398cdf6-b5f0-4b0f-8a51-4d49236fc747%2Fmaln42_processed.png&w=3840&q=75)
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