21.

Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.

Equivalent Units of Production	Direct Materials					Conversion
Units Completed and transferred out			40,000					18,000
Units in Ending Work in Process:
Direct Materials (18,000 * 100%)			18,000
Conversion (18,000 * 60%)								10,800
Equivalent Units of Production			58,000					50,800
Cost per Equivalent Unit
Costs of beginning work in process		$	42,300				$	62,200
Costs incurred this period			141,700					190,600
Total costs		$	184,000				$	252,800
Cost per equivalent unit		$	3.17	per EUP			$	4.98	per EUP

If the units completed were transferred to the Labeling Department, what is the appropriate journal entry to transfer the direct materials?

22. Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct labor usage is:

Direct materials used	$	96,000
Direct labor used		169,000
Predetermined overhead rate (based on direct labor)		160	%
Goods transferred to finished goods		441,000
Cost of goods sold		453,000
Credit sales		819,000

23. Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 29,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 114,000. Units completed and transferred out: 143,000. Ending Inventory: 32,000 units, 100% complete as to materials and 25% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $47,000. Costs in beginning Work in Process - Conversion: $52,850. Costs incurred in February - Direct Materials: $320,650. Costs incurred in February - Conversion: $603,150. Calculate the cost per equivalent unit of conversion.

24. Wilturner Company incurs $87,000 of labor-related directly to the product in the Assembly Department, $36,000 of labor not directly related to the product but related to the Assembly Department as a whole, and $23,000 of labor for services that help production in both the Assembly and Finishing departments. The journal entries to record the labor would include:

25. Luker Corporation uses a process costing system. The company had $167,500 of beginning Finished Goods Inventory on October 1. It transferred in $844,000. of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $165,200. The entry to account for the cost of goods sold in October is:

11.

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $193,000 of raw materials on credit; issued materials to production of $210,000 of which $15,000 were indirect. Minstrel incurred a factory payroll of $154,000, of which $25,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are: