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Carle Vista Corporation is in the dairy business. Products go through two production departments (A first, then B). Data from those departments for October 2022
Carle Vista Corporation is in the dairy business. Products go through two production departments (A first, then B). Data from those departments for October 2022 are presented below. Department A Department B Beginning Beginning work in process work in process inventory inventory Number of units 1,130 380 *6 complete for materials 100 % complete for transferred-in " complete for conversion 60 % 30 % Total materials cost $23,830 Total conversion cost $30,000 $38.700 Total transferred-in costs $16.140 Ending Ending work in process work in process inventory inventory Number of units 800 480 complete for materials 100 % " complete for transferred-in 100 complete for conversion 30 % 40 % Carle Vista Corporation started 2,570 units of product during the month in department A. Costs incurred in department A for October 2022 totalled $68,670 for materials and $133,280 for conversion. Additionally, department B incurred conversion costs in October 2022 of $619.540. Department B adds no materials to the product. (a) Journalize the transfer of goods from department A to department B during October 2022. Carle Vista Corporation accounts for its costs using the weighted-average method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round per unit calculations to 4 decimal places, e.g. 1.2967 and final answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit
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