Prepare a set of summarized journal entries for all April transactions affecting Work in Process Assembly. Set

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Prepare a set of summarized journal entries for all April transactions affecting Work in Process Assembly. Set up a T-account for Work in Process—Assembly, and post the entries to it.

Data From Exercise 17-36:

Porter Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: assembly and finishing. This problem focuses on the assembly department. The process-costing system at Porter has a single direct cost category (direct materials) and a single indirect cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process.

Porter uses the weighted-average method of process costing. Consider the following data for the assembly department in April 2015:

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Cost Accounting A Managerial Emphasis

ISBN: 978-0133138443

7th Canadian Edition

Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham

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