Shorts Company has three process departments: Mixing, Encapsulating, and Bottling. At the beginning of the year, there
Question:
Required:
1. Prepare journal entries that show the transfer of costs from one department to the next (including the entry to transfer the costs of the final department).
2. Prepare T-accounts for the entries made in Requirement 1. Use arrows to show the flow of costs.
Transcribed Image Text:
Ending Work in Manufacturing Costs Added* Department Mixing Encapsulating Bottling $86,400 79,200 72,000 Process $21,600 18,000 3,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
1 Work in ProcessEncapsulating 64800 Work in ProcessMixing 64800 Work in ProcessBo...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Question Posted:
Students also viewed these Managerial Accounting questions
-
A local barbershop cuts the hair of 1,200 customers per month. The clients are men, and the barbers offer no special styling. During the month of May, 1,200 customers were serviced. The cost of...
-
Process K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared: The...
-
Using the same data found in Exercise 6.22, assume the company uses the FIFO method. Required: Prepare a schedule of equivalent units, and compute the unit cost for the month of December. In Exercise...
-
In FIGURE CP12.88, a 200 g toy car is placed on a narrow 60-cm-diameter track with wheel grooves that keep the car going in a circle. The 1.0 kg track is free to turn on a frictionless, vertical...
-
What considerations should be given to a message recipients culture when planning a good-news or neutral-news message?
-
The Texas Department of Transportation (TxDOT) is considering two designs for crash barriers along a reconstructed portion of 1-10. Design 2B will cost $3 million to install and $135,000 per year to...
-
All sales, for cash or on credit, can be recorded in the general journal. True/False
-
The comparative financial statements prepared at December 31, 2012, for Prince Company showed the following summarized data: *One-third was credit sales. During 2012, cash dividends amounting to...
-
Please answer for me 10 points Save Answer What estimated payments should Esie Inc. make if they had the following income for each corresponding cumulative income -- $200,000 (Q1), $200,000 (Q2),...
-
Conduct a Pareto analysis for the number of minutes that flights are late in the accompanying data. Interpret the results. E Click the icon to view the Atlanta Airline Data. Conduct a Pareto analysis...
-
Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown on the next page. Required: 1. Calculate the unit cost for...
-
Friedman Company uses JIT manufacturing. There are several manufacturing cells set up within one of its factories. One of the cells makes stands for flat-screen televisions. The cost of production...
-
The index of refraction of a transparent substance is always a. less than 1 b. 1 c. greater than 1 d. any of the above
-
NAUTIQUE Corp manufactures and sells two types of funboards: WIND model, rather high-end, product and < < BEACH >> model, rather average in range. Hereunder is the financial situation: WIND REVENUE...
-
Watch the video, Integrated Marketing Communications at Ogden Publications . Answer the following: What are the editorial and design differences between a Web magazine and a print magazine? What...
-
Space-based environmental monitoring providing awareness and status of severe weather events which may impact the safety of friendly forces or their ability to effectively conduct military...
-
A hollow cylindrical steel shaft is 1.5 m long and has inner and outer diameters respectively equal to 40 and 60 mm. a) What is the largest torque that can be applied to the shaft if the shearing...
-
Companies are moving away from traditional marketing approaches (eg. TV, radio, print ads) and are now spending more on digital marketing (social media, blogging, email marketing, push notifications)...
-
What methods may be used to dispose of the water from roofs, courtyards, and parking lots?
-
Define the essential properties of the following types of operating systems: a. Batch b. Interactive c. Time sharing d. Real time e. Network f. Parallel g. Distributed h. Clustered i. Handheld
-
GDL Enterprises has the following account balances at December 31, 2010. The inventory balance was determined using FIFO. GDL Enterprises has determined that the replacement cost (current market...
-
Explain why changes in value stream profitability may be better information than individual product cost for certain decisions.
-
Explain how operational control works in a lean manufacturing firm.
-
Explain why the implementation of lean manufacturing could show a temporary decline in profits.
-
Non-manufacturing costs. a. do not get attached to the product or inventory b. are period costs C. All statements regarding non-manufacturing costs are correct d. include marketing and selling costs
-
Assume that actual overhead costs were $89,000 and overhead allocated to jobs was $65,000. The unadjusted balance in Manufacturing Overhead would be OA. $24,000 debit B. $24,000 credit OC. $154,000...
-
Describe good cash management practices involving inventory purchases. Multiple select question. A. Invoices should be paid on the last day of the discount period. B. Inventory should be purchased...
Study smarter with the SolutionInn App