Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(34) For each plant show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out $ 754,800

image text in transcribed
image text in transcribed
(34) For each plant show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out $ 754,800 Work in process Materials $ 68,400 Conversion costs Total costs dy. C10 Chairs Costs accounted for: Transferred out Work in process Materials $ Conversion costs Total costs Click if you would like to cu Problem 16-3A (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, material manufacturing plants are as follows. Cutting Department Plant 1 Plant 2 T12-Tables C10-Chairs 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 24,000 3,600 60 19,200 600 80 Cost Data-July Work in process, July 1 Materials Labor $0 456,000 281,280 124,800 $862,080 Overhead Total $0 345,600 132,000 125,760 $603,360 (al)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Police Auditing Theories And Practices

Authors: Allan Y. Jiao

1st Edition

0398069808, 978-0398069803

Students also viewed these Accounting questions