Unit v question 15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Unit v question 15

Transcribed Image Text:Blue Spruce Industries uses a process cost system. Products are processed first by Department A and then by Department B before
being transferred to the finished goods warehouse. Shown below is the cost information for DepartmentB during the month of
October:
Costs of units transferred in
Manufacturing costs added in Department B.
Direct materials
Direct labor
Manufacturing overhead
15,580
66,420
Total costs charged to Department B in October
$113,980
The balance in work in process inventory in Department B at October 1is $20,500 and it is 524,600 at October 31.
Prepare journal entries to record the following transactions for the month of October: (Credit account titles are automatically indented
when the amountis entered. Do not indent manually. Record journal entries fr the order presented in the problem. List all debit entries before
credit entries)
The transfer of production from Department A to B.
(E)
b9)
The manufacturing costs incurred by Department B.
()
The transfer of completed units from Department B to the finished goods warehouse.
No. Account Titles and Explanation
Credit
(9)
(2)
e Textbook and Media
List of Accounts
Szve for Later
Attempts: 0 of 3 used
Submit Answer
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