Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Colorway marutactures crayons in a three-step process: mixing, molding, and packaging Cack then to view the con information) A March 31, batore recording the transfer

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Colorway marutactures crayons in a three-step process: mixing, molding, and packaging Cack then to view the con information) A March 31, batore recording the transfer of costs from the Mining Department to the Molding Department, the Colorway na ledger included the following account Click the con lo view the Read the im Requirement 1. Prepare a production cost report for the vising Deparment for March. Round equivalent unit of production costs to four decimal places. Hound the costs to the nearest whole colar Complete answer boxes. Entra for any er balances. Round cont person to four decimal places Abbreviations Poulent unts of production work in process More to Data Table UNITS Work in Process inventory-Mixing Balance Mart 27,000 Direct 13,000 Director 20,140 Vandfacturing over 27.620 Units for The Ming Department combines the direct materials of paraffin wax and pigments. The head mature pureed to the Molding Department where it is poured into mois Aher the main cool, the crayons are removed from the molts and are transferred to the Packaging Department, where paper wrappers are added and the crayons are bored in the Ming Department, the directors are adsed the beginning of the process and the corsion costs are incurred veel roughout the process Work in process of the Ming Department on March 1, 2018 of 200 batches of crayons That were 60% of the way through the production The gening balance in Work Process inventory Mag 27,900, which Dosed of 10.00 indret materials costs and 517,100 inverno During March, 3.450 ch were started in production The Mixing Department trerred 3.200 batches to the Molding Department, and 400 were in process on March 31. This ending inventory was 50% of the way through the microp.com Colorways FIFO processor Tolunt to con Done Un nuor Transformed to Mardin Print Dore Choose from any list or enter any number in the input fields and then continue to the nexstion Colorwey manufactures crayons in a three-step processing, molding, and packaging Cack the icon to view the additional information A March 31, before recording the vale of costs from the Mang Department to the Molding Department, the Colorway general ledge included the following account Click the icon to view the court) Read the moments Colorway Production Cost Report - Mixing Department Mont Ended March 31 Equivalent Units Physical Direct Conversion Unit Materials Costs UNITS Un tout for Tourist Un nou Transured to Molding Department Choose from any number in the routes and the continue to the next Colorway manufactures crayons in a three-step process making maiding, and packaging, Click the contestinal information) A March 31, betore recording the transfer of costs from se Muing Department to the Maleting Department, the Colorway general ledger included the flowing account: Click the icon to view the account.) Read the rements Direct Materials Conversion Costs Tot Costs Cost por U COSTS Costs to account for Totalous to court for Cost per un Tal costs for beginning WIP Thursdong Dant Choose from any ist or enter any number in the input fields and then continue to the next question Colorway maractures Crayons in a three-sho process ming molding and packaging Click the icon to wwe tonal Information A March 31, before recording the transfer of cows from the Miding Department to the Molding Department, the Colorway general ledger included the following account Click the icon to view the count) Read the green Total cost or Requirement 2. Jounal Wiramactions affecting the Ming Department during March, inducing the ones that have already be posted Ansun borcoss are accrued and not yet pak. Begin with a summary jouw only to record the assignment of records and Grect labor costs, and the location of manufacturing overhead to the Maing Depamant. Prepare a single compound jumalanty Hecord door Art, then croch. Exclude sceptions from your Date Accounts Deba Credih Mar 31 Prepare the mentry to con the cost of the unit for you come and Yansferred out of the Ming Department Du Accounts Debit Crede Mar 31 Contromanyenyuboristhenputted and then continue to enten

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_2

Step: 3

blur-text-image_3

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

Accounting And Money For Ministerial Leadership Key Practical And Theological Insights

Authors: Nimi Wariboko

1st Edition

1625640129, 9781625640123

More Books

Students also viewed these Accounting questions

Question

Calculate the cost per hire for each recruitment source.

Answered: 1 week ago

Question

What might be some advantages of using mobile recruiting?

Answered: 1 week ago

Question

What external methods of recruitment are available?

Answered: 1 week ago