Question 1 of 10 > -1 = Wiew Policies Current Attempt in Progress Blossom Company purchases $40,000 of raw materials on account, and it incurs $48,000 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record raw materials purchased) 31 (To record factory labor costs) Question 10 of 10 The Sanding Department of Blossom Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 7,140 units completed and transferred out; 3,060 units in ending work in process are 100%% complete as to materials and 20%% complete as to conversion costs. Manufacturing costs. Materials $35,700; labor $21,420; and overhead $36,720. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2 25 and other answers to O decimal places, e.g. 125) BLOSSOM FURNITURE COMPANY Sanding Department Production Cost Report Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, March 1 Started into production Total units Units accounted for Completed and Transferred out Work in process, March 31 Total units Conversion Costs Materials Costs Unit costs Total Costs Equivalent units Unit costs $ Cost Reconciliation Schedule Costs to be accounted for Work in process, March 1 Started into production Total costs Costs accounted for Completed and transferred out Work in process, March 31 Materials Conversion costs Total costsQuestion 10 of 10 -/1 The Sanding Department of Blossom Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 7,140 units completed and transferred out; 3,040 units in ending work in process are 100%% completeas to materials and 20#% complete as to conversion costs. Manufacturing costs. Materials $35,700; labor $21,420; and overhead $36,720. Prepare a production cost report. (Round unit costs to 2 decimal places. e.g. 2.25 and other answers to O decimal places, e.g. 125.) BLOSSOM FURNITURE COMPANY Sanding Department Production Cost Report Equivalent Units Physical Conversion Units Materials Costs Conversion Materials Costs Total S S $ S S SQuestion 2 of 10 -1 = View Policies Current Attempt in Progress Crane Company purchases $52,000 of raw materials on account, and it incurs $62,400 of factory labor costs. Supporting records show that (a) the Assembly Department used $24,960 of direct materials and $36,400 of direct labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31, (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 31 (To record materials used) A (To assign factory labor to production) Question 3 of 10 R View Policies Current Attempt in Progress Sheridan Company has the following production data for selected months. =T [yt Work in Process Beginning Units % Complete as to Month Work in Process Transferred Out Units Conversion Cost January -0- 32,200 2200 40 5% March -0- 36,800 7.360 75 July -0- 41,400 14,720 25 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. Materials Conversion Costs January March July eTextbook and Media Assistance Used Question 4 of 10 -1 = View Policies Current Attempt in Progress The Smelting Department of Ivanhoe Company has the following production data for November. Beginning work in process 1.720 units that are 1005 complete as to materials and 203 complete as to conversion costs; units completed and transferred out 7,740 units; and ending work in process 6,020 units that are 1002 complete as to materials and 403 complete as to conversion costs, Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of Movember. Materials Conversion Costs Total equivalent units Question50f 10 I = View Policies Current Attempt in Progress In Crane Company. total materials costs are $27,100, and total conversion costs are $44. 280 for June. Equivalent units of production are materials 10,000 and conversion costs 12,000, (a1) Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit % Conversion cost per unit % Question6of 10 A= View Policies Current Attempt in Progress Production costs of the Finishing Department in June in Ivanhoe Company are materials $9.600, labor $23,600, and overhead %14,400. Equivalent units of production are materials 16,000 and conversion costs 15,200, Production records indicate that 14,400 units were completed and transferred out, and 1.400 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.) Cost Reconciliation Cost accounted for Transferred out % Work in process Materials % Conwversion costs Total cost accounted for $ Question 7 of 10 B R View Policies Current Attempt in Progress Sheridan Company has the following production data for March 2022: no beginning work in process, units started and completad 27,600, and ending work in process 4,600 units that are 100% complete for materials and 40% complete for conversion costs. Sheridan uses the FIFO method to compute equivalent units. If unit materials cost is $6 and unit conversion cost is $10, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $487.600. Completed and transferred out % Ending work in process 3 Question 8 of 10 View Policies Current Attempt in Progress At Oriole Company, overhead is assigned to production departments at the rate of 55 per machine hour. In Juby, machine hours were 2.640 in the Machining Department and 2,112 in the Assembly Department. Prepare the entry to assign overhead to production. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit July 31 Question 9 of 10