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I just need a3, b, and c. Cost of Production and Journal Entries AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department,

I just need a3, b, and c.

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Cost of Production and Journal Entries AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings. On May 1, there were 900 pounds of alloy in process, which were 30% complete as to conversion. The Work in Process balance for these 900 pounds was $118,620, determined as follows: Direct materials (900 x $130) $117,000 Conversion (900 x 30% x $6) 1,620 $118,620 During May, the Casting Department was charged $1,071,000 for 8,500 pounds of alloy and $17,140 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 8,700 pounds of finished castings to the Machining Department. The May 31 inventory in process was 20% complete as to conversion. al. Prepare the May journal entry for the Casting Department for the materials charged to production. Work in Process-Casting Department 1,071,000 Materials-Alloy 1,071,000 Feedback Check My Work a1. Remember there are three different areas of inventory; materials, work in process, and finished goods. a2. Prepare the May journal entry for the Casting Department for the conversion costs charged to production. If an amount box does not require an entry, leave it Check My Work Previous Next > Save and Evit Submit Assianment for Gradine a2. Prepare the May journal entry for the Casting Department for the conversion costs charged to production. If an amount box does not require an entry, leave it blank. Round all amounts to the nearest whole dollar. Work in Process-Casting Department 42,850 Wages Payable 17,140 Factory Overhead 25,710 Feedback Check My Work a2. Remember that a work in process account accumulates all costs (direct materials, direct labor, manufacturing overhead) that are added to the units in a given department. What types of costs are considered conversion costs? a3. Prepare the May journal entry for the Casting Department for the completed production transferred to the Machining Department. Round all amounts to the nearest whole dollar. Work in Process-Machining Department Work in Process-Casting Department Feedback Check My Work a3. Are these goods ready for finished goods inventory or do these units need to be transferred to another department first? Check My Work Previous Next a3. Prepare the May journal entry for the Casting Department for the completed production transferred to the Machining Department. Round all amounts to the nearest whole dollar. Work in Process-Machining Department Work in Process-Casting Department Feedback Check My Work a3. Are these goods ready for finished goods inventory or do these units need to be transferred to another department first? b. Determine the Work in Process-Casting Department May 31 balance. c. Compute the change in costs per equivalent unit for direct materials and conversion from the previous month (April). Cost per Equivalent Unit Change in materials Decrease Change in conversion Decrease Feedback Check My Work b. How many units are still in process at the end of the period? Previous Next Check My Work

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