Required information Use the following information for the Quick Study below. [The following information applies to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Percent of Direct Materials 60% 100 808 Percent of Conversion 40% 100 30 Units 2,000 9,000 3,000 Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $1,581 (consists of $996 for direct materials and $585 for conversion) $ 10,404 $ 12,285 QS 20-13 Weighted average: Journal entry to transfer costs LO P4 Required: 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. View transaction list Journal entry worksheet 1 Record the transfer of costs from the assembly department to the painting department (weighted-average method.) Note: Enter debits before credits. Transaction Credit General Journal Debit Record entry Clear entry View general journal QS 20-14A FIFO: Equivalent units of production LO C4 Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO method. Complete this question by entering your answers in the tabs below. Materials Conversion Calculate the assembly department's equivalent units of production for materials for November. Use the FIFO method. Equivalent units of production (EUP) - FIFO method Units % Materials EUP Total Materials Conversion Calculate the assembly department's equivalent units of production for conversion for November. Use the FIFO method. Equivalent units of production (EUP) - FIFO method % Conversion Units EUP Total Required: Calculate the assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the FIFO method. Cost per equivalent unit of conversion Choose Numerator Choose Denominator Cost per equivalent unit of production Direct Materials Conversion Qs 20-16A FIFO: Assigning costs to output LO C4 Required: Assign costs to the assembly department's output-specifically, the units transferred out to the painting department and the units that remain in process in the assembly department at month-end. Úse the FIFO method. (Do not round intermediate calculations.) CARLBERG COMPANY FIFO method Costs of units transferred out Cost of beginning work in process inventory Costs to complete beginning work in process Direct materials Conversion Total costs to complete Cost of units started and completed this period Direct materials Conversion Total cost of units started and completed Total costs of units transferred out Cost of ending work in process inventory Direct materiais Conversion Total costs of ending work in process Total costs assigned QS 20-17A FIFO: Journal entry to transfer costs LO P4 Required: Prepare the November 30 journal entry to record the transfer of costs from the assembly department to the painting department. Use the FIFO method. View transaction list Journal entry worksheet <> Record the transfer of units from the assembly department to the painting department (FIFO method.) Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Percent of Direct Materials 60% 100 808 Percent of Conversion 40% 100 30 Units 2,000 9,000 3,000 Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $1,581 (consists of $996 for direct materials and $585 for conversion) $ 10,404 $ 12,285 QS 20-13 Weighted average: Journal entry to transfer costs LO P4 Required: 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. View transaction list Journal entry worksheet 1 Record the transfer of costs from the assembly department to the painting department (weighted-average method.) Note: Enter debits before credits. Transaction Credit General Journal Debit Record entry Clear entry View general journal QS 20-14A FIFO: Equivalent units of production LO C4 Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO method. Complete this question by entering your answers in the tabs below. Materials Conversion Calculate the assembly department's equivalent units of production for materials for November. Use the FIFO method. Equivalent units of production (EUP) - FIFO method Units % Materials EUP Total Materials Conversion Calculate the assembly department's equivalent units of production for conversion for November. Use the FIFO method. Equivalent units of production (EUP) - FIFO method % Conversion Units EUP Total Required: Calculate the assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the FIFO method. Cost per equivalent unit of conversion Choose Numerator Choose Denominator Cost per equivalent unit of production Direct Materials Conversion Qs 20-16A FIFO: Assigning costs to output LO C4 Required: Assign costs to the assembly department's output-specifically, the units transferred out to the painting department and the units that remain in process in the assembly department at month-end. Úse the FIFO method. (Do not round intermediate calculations.) CARLBERG COMPANY FIFO method Costs of units transferred out Cost of beginning work in process inventory Costs to complete beginning work in process Direct materials Conversion Total costs to complete Cost of units started and completed this period Direct materials Conversion Total cost of units started and completed Total costs of units transferred out Cost of ending work in process inventory Direct materiais Conversion Total costs of ending work in process Total costs assigned QS 20-17A FIFO: Journal entry to transfer costs LO P4 Required: Prepare the November 30 journal entry to record the transfer of costs from the assembly department to the painting department. Use the FIFO method. View transaction list Journal entry worksheet <> Record the transfer of units from the assembly department to the painting department (FIFO method.) Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Expert Answer:
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
Students also viewed these finance questions
-
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost...
-
On January 1, 2018, Pen Corporation acquired 75% of the outstanding common stock of Sen Company for $450,000. Fair value of noncontrolling interest at the date of acquisition is $116,500. Sen's...
-
The light bulbs produced by Edison Lighting Corporation last an average of 300 h. The life of the light bulbs is believed to follow a normal distribution with a standard deviation of 10. A customer...
-
Use the 175 ranked axial loads of aluminum. Find the indicated percentile, quartile, or decile. Q,
-
22 Ibm of air under atmospheric pressure occupies a volume of 293 ft. What is the temperature of the air at that condition
-
The feed to a separation process consists of the following species: Notice that the addition of furfural causes n-Butane (4) to become more volatile than Butene-1 (3). Determine the number of...
-
For fiscal year 2012, Mango Computer, Inc., reported net sales of $19,323 million, net income of $1,997 million, and no significant discontinued operations, extraordinary items, or accounting...
-
Distinguish the various methods used to engage and motivate employees for Baby Boomers. Explain these methods in details.
-
bring this packet with you to every class as this is an ongoing problem. Chart of Accounts 11. Cash 31. Jolene Upton, Capital 12. Accounts receivable 14. Supplies 15. Prepaid rent 16 Prepaid...
-
Consider the different types of reward systems. Write a short note including: 1. List the different types of reward systems.& 2. Discuss the advantages and disadvantages of each type of...
-
For a bolted three-phase-to-ground fault, sequence-fault currents _________ are zero, sequence fault voltages are _________, and line-to-ground voltages are _________.
-
The merger between Exxon and Mobil was subject to antitrust regulation by __________. a) the Justice Department only b) the European Commission only c) both the Justice Department and the European...
-
For a double line-to-ground fault through a fault impedance \(Z_{\mathrm{F}}\), the sequence networks are to be connected _________ at the fault terminal; additionally, _________ is to be included in...
-
Which statement is the most accurate? a) Virtually no chief executive officers of large corporations have gone to prison in recent years. b) About one-quarter of the chief executive officers of the...
-
In the 1950s and 1960s the predominant form of merger was the _____________merger. a) horizontal b) vertical c) conglomerate d) diversifying
-
AT&T based US subsidiary will announce a $1.50 per share cash dividend on June 1, 2022. It is noted that June 16 and 20 are local holidays because of Corpus Christi and Labor Day respectively. If...
-
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...
-
1. At year-end, Harris Co. had shipped $12,500 of merchandise FOB destination to Harlow Co. Which company should include the $12,500 of merchandise in transit as part of its year-end inventory? 2....
-
Volkswagen Group reports the following information for property, plant, and equipment as of December 31, 2013, along with additions, disposals, depreciation, and impairments for the year ended...
-
Which of the following statements a through g are true of long-term investments? ________ a. They are held as an investment of cash available for current operations. ________ b. They can include...
-
Consider the flow of a perfect gas along a Fanno line. Show that the pressure at the * reference state is given by the relation 1/2 m 2RT, P Ayge(y+1)
-
Air flows in an 8-cm-inside diameter pipe that is \(4 \mathrm{~m}\) long. The air enters with a Mach number of 0.45 and a temperature of \(300 \mathrm{~K}\). (a) What friction factor would cause...
-
Air enters a duct with a mass flow rate of \(35 \mathrm{lbm} / \mathrm{sec}\) at \(T_{1}=520^{\circ} \mathrm{R}\) and \(p_{1}=20 \mathrm{psia}\). The duct is square and has an area of \(0.64...
Study smarter with the SolutionInn App