Please do not give solution in image format thanku Transferred from Dept. A to Dept. BManufacturing costs assigned to Dept. BTransferred to Finished Goods Inv.Manufacturing Overhead$$Raw Materials Inventory$Dept. AWork in Process$$Manufacturing CostsFactory LaborDept. BManufacturing Over$$Finished Goods Inventory Sheridan Industries uses a process cost system. Products are processed first by Department A, then by Department B, before beingtransferred to the finished goods warehouse. Shown below is the cost information for Department B during the month of October:Costs of units transferred inManufacturing costs added in Department B:Direct materialsDirect laborManufacturing overheadTotal costs charged to Department B in October$57,00013,68021,660(a)(b)(c)$136,80092,340$229,140The cost of work in process in Department B at October 1 is $28,500, and the cost of work in process at October 31 is $34,200.Using the format below, record for the month of October: (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)The transfer of production from Department A to B.The manufacturing costs incurred by Department B.The transfer of completed units from Department B to the Finished Goods Inventory warehouse.

Manufacturing overheads (OH) are the overheads that represent the indirect costs (costs not directly…

Using the format below, record for the month of October: (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) (b) (c) The transfer of production from Department A to B. The manufacturing costs incurred by Department B. The transfer of completed units from Department B to the Finished Goods Inventory warehouse.

Using the format below, record for the month of October: (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) (b) (c) The transfer of production from Department A to B. The manufacturing costs incurred by Department B. The transfer of completed units from Department B to the Finished Goods Inventory warehouse.

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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