Q3

Roland Corporation had the following production information for August: Required: Roland's ending work in process is 100 percent complete for materials and 30 percent complete for conversion, Roland uses the weighted average costing method and has computed direct materials cost per equivalent unit of $10 and conversion cost per equivalent unit of $24. Prepare the journal entry to transfer the cost of compieted units to Finished Goods inventory. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record the cost of completed units transferred to Finished Goods foventary