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please answer in an hour Problem 6 - 20 points The Arlene Doll Co, uses a process costing system. Consider the following data for Dept.
please answer in an hour
Problem 6 - 20 points The Arlene Doll Co, uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units, 100% completed for direct material 75% completed for conversion costs Started in November: 10,000 units Transferred to Dept B: 12,000 units W-1-P Nov. 30: 6,000 units, 100% completed for direct material 50% completed for conversion costs COSTS: W-1-P Nov. 1: Direct Materials $9,600 Conversion 4,800 Costs added in November: Direct Material $15,600 Conversion 14,400 Use the WEIGHTED AVERAGE method. Prepare a complete process costing schedule for Dept. A for November (steps 1 to 5). Prepare a set of summarized journal entries for all November transactions affecting work-in-process, Dept A including the transfer to Dept B. Overhead was allocated at 200% of direct labor costs. Show all computations Step by Step Solution
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