Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. Use the following information for the Quick Study below. (Algo) Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,000

5.

Use the following information for the Quick Study below. (Algo)

Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,000 units during November. The following production activity in both units and costs refers to the Assembly departments November activities.

Assembly Department Units Percent Complete for Direct Materials Percent Complete for Conversion
Beginning work in process inventory 2,500 60% 40%
Units started this period 11,000
Units completed and transferred out 9,500
Ending work in process inventory 4,000 85% 35%

Cost of beginning work in process
Direct materials $ 1,230
Conversion 510 $ 1,740
Costs added this month
Direct materials 14,250
Conversion 15,840 30,090

QS 20-12 (Algo) Weighted average: Assigning costs to output LO P1

Assign costs to the Assembly departments outputspecifically, the units transferred out to the Painting department and the units that remain in process in the Assembly department at month-end. Use the weighted average method. (Do not round intermediate calculations.)

Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use the weighted average method.

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

Auditing Integrated Concepts And Procedures

Authors: Donald H. Taylor, G. William Glezen

5th Edition

0471524239, 978-0471524236

More Books

Students also viewed these Accounting questions

Question

In most cases, medication is prescribed by physicians.

Answered: 1 week ago