Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carla Vista Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process- Fabricating, $7,100; Work in Process-Finishing, $4,800; and Finished

imageimageimage

Carla Vista Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process- Fabricating, $7,100; Work in Process-Finishing, $4,800; and Finished Goods Inventory, $6,570. During the month the following transactions occurred: 1. 2. 3. 4. 5. 6. Purchased $47,200 of raw materials. Incurred $88,500 of factory labor. Incurred $59,000 of manufacturing overhead. Requisitioned materials for Fabricating. $11,800 and Finishing. $9,440. Assigned factory labor for Finishing, $70,800 and Fabricating, $17,700. Assigned $53,100 of overhead based on machine hours used in each department. The Finishing Department used twice as many machine hours as did Fabricating. Record the transactions for the month using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Beginning balances Purchased raw materials Incurred factory labor Manufacturing overhead incurred Direct materials used Factory labor assigned Manufacturing overhead applied Raw Materials Inventory 10000 SA Manufacturing Costs Factory Labor Manufacturing Overhead Fabricating Work in Process $7,100 [I] Finishing $4,800 Finished Goods Inventory $6,570 I Cost of Goods Sold

Step by Step Solution

3.24 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

Beginning balances Work in Process Fabricating 7100 Work in Process Finishing 4800 Finished Goods In... 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

Cost Accounting

Authors: William K. Carter

14th edition

759338094, 978-0759338098

More Books

Students also viewed these Accounting questions

Question

What is the meaning of the term 'greenwashing'?

Answered: 1 week ago

Question

3. Provide unexpected, spontaneous, and genuine praise.

Answered: 1 week ago