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In a process cost system, the cost of complete production in Dept A is transferred to Dept B by which of the following entries? Question
In a process cost system, the cost of complete production in Dept A is transferred to Dept B by which of the following entries?
Question 23 options:
Debit WIP--Dept B, Credit Finished Goods
Debit WIP--Dept B, Credit WIP--Dept A
Debit WIP--Dept A, Credit WIP--Dept B
Debit Finished Goods, Credit WIP--Dept B
Question 24
If Dept K had 2,000 units, 45% completed, in process at the beginning of the period, 12,000 units were completed during the period, and 1,200 units were 40% completed at the end of the period, what was the number of equivalent units production for MATERIAL costs added completely at the beginning of production in a process cost system.
Question 24 options:
11,200
13,580
13, 200
11,580
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