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please compelte the following table to calculate the cost of goods completed during June and prepare the appropriate journal entry to record completed production. A-1
please compelte the following table to calculate the cost of goods completed during June and prepare the appropriate journal entry to record completed production.
A-1 Products manufactures wooden furniture using an assembly-line process. All direct materials are introduced at the start of the process, and conversion cost is incurred evenly throughout manufacturing. An examination of the company's Work-in-Process inventory account for June revealed the following selected information. Debit side: June 1 balancet 300 units, 308 complete as to conversion, cost $21,300% Production startedt 900 units Direct material used during June: $45,000 June conversion cost: $25,700 Credit side: Production completed: 700 units "Supplementary records revealed direct-material cost of $15,000 and conversion cost of $6,300. Conversations with manufacturing personnel revealed that the ending work in process was 60 percent complete as to conversion. 2. Complete the following tables to calculate the cost of goods completed during June and prepare the appropriate journal entry to record completed production. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entry to record completed production. (If no entry is required for a transaction/event, select "No journsi entry required" in the first account field.) Production completed: 700 units "Supplementary records revealed direct-material cost of $15,000 and conversion cost of $6,300. Conversations with manufacturing personnel revealed that the ending work in process was 60 percent complete as to conversion. Complete the following tables to calculate the cost of goods completed during June and prepare the appropriate journal entry to cord completed production. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the appropriate joumal entry to record completed production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Step by Step Solution
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