Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Click the icon to view the data.) Read the requirements weighted average method (Round all cost per unit amounts to the nearest cent and all

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
(Click the icon to view the data.) Read the requirements weighted average method (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest wholud More Info On March 1, the Mixing Department had 150 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 150 rolls and also started and completed the mixing process for an additional 4,750 rolls of paper. The department started but did not finish the mixing process for an additional 600 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. Data Table Print Done Beginning Inventory, Mar. 1 Costs added during March Direct Direct Manufacturing Total Materials Labor Overhead Allocated Costs $ 140 S 430 S 210 5 780 5,382 4,403 3,150 13,025 5 5,522 5 4,923 5 3,360 S 13,805 Total costs 4 tion Print Done MacBook 512 00 10 F & II + 9 8 5 7 { } 0 a 1 Y Haloy Paper Co. produces the paper used by wallpaper manufacturers. Haley's four stage process includes mixing, cooking, roling, and cutting The Mixing Department compted the folowing data for March (Click the on to view additional information) im Click the icon to view the data) Read the muset Requirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted average method (Round to be amounts o menuntut her Abbreviation used EUP = equivalent units of production) Haley Paper Co. Production Cost Report-Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costa Units to account for: Beginning work in process Started in production Total units to account for Units accounted for Completed and transferred out Ending work-in-process Total units accounted for Direct Conversion Total Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air 80 esc & @ 7 8 9 # 3 6 5 2 Haley Paper Co. produces the paper used by wallpaper manufacturers. Haley's four-stage process includes mixing. cooking, rolling, and cutting. (Click the icon to view additional information.) Th Tocar uns DCCOUNTED TO Re Direct Conversion Total COSTS Materials Costs Costs Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accr Begin with the journal entry to record the assignment of direct materials to the Mixing Department. Do not record the assignmer the following steps Date Accounts Debit Credit Mar. 31 This Questions 0 pts 1 of 15 13 completely This Test 150 Haley Paper Co. produce the pacer and by wallpaper manches Haley's four-stage proces includes ming. oking, roling, and cuming Dick the icon to view in information) The Ming Department compiled the following data for the Cloon to view the data) Begin with ournal entry to record the assignment of direct mater to the Maxing Department Do not record the woment of direct labor or the cation of managed in this way we were the following steps Data Accounts Det Credit Prepare the journal entry to record the sigment of direct labor to the Mining Department Assume labor costs are oped and yet ad Date Accounts Debat Credit Mar 31 Prepare the journal entry for the location of manufacturing overhead to the Mixing Department Accounts Debit Credit Mar 31 Choose from any Ist or enter any number in the input fields and then continue to the next question MacBook Air BO BR : F & ! $ 4 % 5 8 0 9 6 3 2 r Accounts Debit Dato Credit Mar. 31 Prepare the journal entry for the allocation of manufacturing overhead to the Mixing Department. Date Accounts Dobit Credit Mar 31 Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department. Date Accounts Debit Credit Mar 31 Choose from any list or enter any number in the input fields and then continue to the next question MacBook A esc 80 Fa ! # N@ 1 3 4 5 0 Q tab W LE R A aps lock S D F F G

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

Modern Auditing Study Guide

Authors: Walter G. Kell

4th Edition

0471619434, 978-0471619437

More Books

Students also viewed these Accounting questions

Question

=+What sorts of evaluation techniques does it call for? In

Answered: 1 week ago