! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,900 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Percent Complete for Direct Materials Percent Complete for Conversion 40% Units Beginning work in process inventory 2,500 60% Units started this period 10,900 Units completed and transferred out 9,500 Ending work in process inventory 3,900 80% 30% Cost of beginning work in process Direct materials $ 944 Conversion Costs added this month Direct materials Conversion 533 $ 1,477 11,676 15,472 27,148 QS 16-17A (Algo) FIFO: Journal entry to transfer costs LO P4 Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use the FIFO method. View transaction list Journal entry worksheet 1 Record the transfer of units from the Assembly department to the Painting department (FIFO method.) Note: Enter debits before credits. Date November 30 General Journal Debit Credit Record entry Clear entry View general journal >
! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,900 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Percent Complete for Direct Materials Percent Complete for Conversion 40% Units Beginning work in process inventory 2,500 60% Units started this period 10,900 Units completed and transferred out 9,500 Ending work in process inventory 3,900 80% 30% Cost of beginning work in process Direct materials $ 944 Conversion Costs added this month Direct materials Conversion 533 $ 1,477 11,676 15,472 27,148 QS 16-17A (Algo) FIFO: Journal entry to transfer costs LO P4 Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use the FIFO method. View transaction list Journal entry worksheet 1 Record the transfer of units from the Assembly department to the Painting department (FIFO method.) Note: Enter debits before credits. Date November 30 General Journal Debit Credit Record entry Clear entry View general journal >
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 22E: Fordman Company has a product that passes through two processes: Grinding and Polishing. During...
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