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Fireside Pizza is a maker of frozen pizza. They distribute pizzas to all major grocers across the country. You are a cost accountant, and the
Fireside Pizza is a maker of frozen pizza. They distribute pizzas to all major grocers across the country. You are a cost accountant, and the head of production has asked you to analyze the process costing of the pizza production. They are interested in any insights and trends to the process costing data. Data for the first six months of the year is available. The process costing uses the weighted-average method. You create a dashboard with the following data visualizations: 1. Transferred Out Costs by Direct and Conversion - This is a stacked bar chart showing transferred out costs assigned to direct materials and conversion. 2. Costs of WIP Ending by Direct Materials and Conversion - This is a stacked bar chart showing WIP ending inventory costs assigned to direct materials and conversion. 3. Equivalent Units Transferred Out by Direct Materials and Conversion - This is a clustered bar chart showing equivalent units for units transferred out. The direct materials and conversion equivalent units are clustered bars for each month. 4. Equivalent Units in WIP Ending by Direct Materials and Conversion - This is a clustered bar chart showing equivalent units for WIP ending inventory. The direct materials and conversion equivalent units are clustered bars for each month. What is the journal entry needed to record the completion and transfer of units out of the pizza production process for month two? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Process Costing (Weighted-Average) Dashboard 1. 3. Transferred Out Equivalent Units By Direct Materials and Conversion 2. Cost of WIP Ending by Direct Materials and Conversion 4. Equivalent Units in WIP Ending by Direct Materials and Conversion Legend Direct Materials Conversion
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