[The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,400 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Beginning work in process. inventory-Assembly dept Costs added during the month: Direct materials Conversion View transaction list < Journal entry worksheet Units 3,000 10,000 5,400 Percent of Direct Materials $ 20,032 $18,756 60% 100% 80% Required: 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. Percent of Conversion $3,027 (consists of $1,448 for direct materials and $1,579 for conversion) 40% 100% 30% Record the transfer of costs from the assembly department to the painting department (weighted-average method.)
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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![[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,400
units during November. The following production activity unit and cost information refers to the assembly department's
November production activities.
Assembly Department
Beginning work in process
Units transferred out
Ending work in process.
Beginning work in process.
inventory-Assembly dept
Costs added during the month:
Direct materials
Conversion
View transaction list
<
Journal entry worksheet
Units
3,000
10,000
5,400
1
Required:
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.
Percent of Direct
Materials
60%
100%
80%
$ 20,032
$ 18,756
$3,027 (consists of $1,448 for direct materials.
and $1,579 for conversion)
Percent of
Conversion
40%
100%
30%
Record the transfer of costs from the assembly department to the painting
department (weighted-average method.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa880cc3d-71b2-44bc-9eb8-ccb18aa2c0ed%2F0898f102-b934-415a-9362-515ddae8bb7d%2F2x650u_processed.png&w=3840&q=75)
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