Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used. A.debit Work-in-ProcessInventory—Coloring,$80,000; credit Manufacturing Overhead, $80,000 B.debit Work-in-ProcessInventory—Coloring,$50,000; credit Manufacturing Overhead, $50,000 C.debit Manufacturing Overhead, $50,000; credit Work-in-ProcessInventory—Mixing,$50,000 D.debit Manufacturing Overhead, $80,000; credit Work-in-ProcessInventory—Mixing,$80,000

Name: Coat-All Paint Company used a predetermined overhead allocation rate t
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Description: Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs

Given, Costs allocated to Coloring = $80,000 Costs allocated to Mixing = $50,000

Answered: Coat-All Paint Company used a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 13PA: Selected information from Skylar Studios shows the following: Prepare journal entries to record the...

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Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used.

debit Work-in-Process

Inventory—Coloring,

$80,000; credit Manufacturing Overhead, $80,000

debit Work-in-Process

Inventory—Coloring,

$50,000; credit Manufacturing Overhead, $50,000

debit Manufacturing Overhead, $50,000; credit Work-in-Process

Inventory—Mixing,

$50,000

debit Manufacturing Overhead, $80,000; credit Work-in-Process

Inventory—Mixing,

$80,000

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