Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the questions BE3-4 and BE3-9 EXERCISES BE3-1 Company purchases of raw materials on account, and it incurs $60,000 of factory labor costs. Journalize

image text in transcribed
image text in transcribedPlease answer the questions BE3-4 and BE3-9
EXERCISES BE3-1 Company purchases of raw materials on account, and it incurs $60,000 of factory labor costs. Journalize the two transactions on March 31 assuming the labor costs are not paid until April. entries for costs. assignment of BE3-2 Data for Weber company are given in Supporting reco show that Ca) and labor costs. labor, Assembly Department used $24,000 of raw materials and s35.000 of the factory (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31 assignment of BE3-3 Factory labor data for Weber Company are given in BE3-2. Manufacturing overhead is assigned to departments on the basis of 200% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. ent units of BE3-4 Goode Company has the following production data for selected months. Ending Work in Process complete as to Beginning Units Month Work in Process Transferred out Units Conversion Cost 35,000 10,000 January 40,000 March 8,000 75 45,000 16,000 July Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. BE3-5 In Lopez Company total material costs are $36,000, and total conversion costs are $54,000. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials, conversion costs, and total manufacturing costs. data for April. units transfermed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Successful Audit New Ways To Reduce Risk Exposure And Increase Efficiency

Authors: Felix Pomeranz

1st Edition

1556233914, 978-1556233913

More Books

Students also viewed these Accounting questions

Question

Determine the various limitations on financial statement analysis.

Answered: 1 week ago

Question

Does it use a maximum of two typefaces or fonts?

Answered: 1 week ago