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Just really need some help on this and understanding it! I will rate! Many thanks and God bless!!! Department 1 completed work on 500 units
Just really need some help on this and understanding it!
I will rate!
Many thanks and God bless!!!
Department 1 completed work on 500 units and transferred them to Department 2. The cost of the units was $750. What is the journal entry to record the transfer? OA Date Credit Accounts and Explanation Work-in-Process Inventory-Dept. 2 Cost of Goods Sold Debit 750 750 OB. Date Debit Credit Accounts and Explanation Cost of Goods Sold Work-in-Process Inventory-Dept. 1 750 750 OC. Debit Credit Date Accounts and Explanation Work-in-Process Inventory-Dept. 1 Work-in-Process Inventory-Dept. 2 750 750 OD. Debit Credit Date Accounts and Explanation Work-in-Process Inventory-Dept. 2 Work-in-Process Inventory-Dept. 1 750 750 The Refining Department of SweetBeet, Inc. had 76,000 tons of sugar to account for in July. Of the 76,000 tons, 46,000 tons were completed and transferred to the Boiling Department, and the remaining 30,000 tons were 75% complete. The materials required for production are added at the beginning of the process. Conversion costs are added evenly throughout the refining process. The weighted - average method is used. Calculate the total equivalent units of production for direct materials. O A. 68,500 units OB. 46,000 units O C. 76,000 units OD. 22,500 unitsStep by Step Solution
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