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Please answer questions in the excel format of the fifo sheet provided ... Also answer question 2 in general ledger format ID A I of
Please answer questions in the excel format of the fifo sheet provided ... Also answer question 2 in general ledger format
ID A I of the Morris Manufacturing Company for the month of May are as follows Morris Manufac 5. Data for Department 1 Beginning Work in Process Inventory Units 2,000 Direct materials-100% complete Conversion-30% complete Direct materials costs = $12,000 Conversion costs = $3,000 Ending Work in Process Inventory Direct materials = 100% complete Conversion-30% complete Operations for May Units started 24,000 Direct materials costs = $114,000 Conversion costs-$30,750 Units completed and transferred to next department 19,000 (1) Assuming a FIFO costing method, complete the cost of production report on the form provided. Round off unit cost computations to three decimal places, if necessary 2) Prepare the journal entry to record the transfer of the costs from department 1 to department 2 General Journal Post Ref.Debit Credit DescriptionStep by Step Solution
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