Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 1: Question 2: Question 3: Question 4: Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles
Question 1:
Question 2:
Question 3:
Question 4:
Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company makes chocolate truffles that are sold in popular embossed tins. The company has two processing departments-Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredients from the Cooking Department are carefully poured into molds and decorative flourishes are applied by hand. After cooling, the truffles are packed for sale. The company uses a process costing system. The T-accounts below show the flow of costs through the two departments in April: Required: Prepare journal entries showing the flow of costs through the two processing departments. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4 Note: Enter debits before credits. Pequired: 1. Compute the number of tons of pulp completed and transferred out during June. . Compute the equivalent units of production for materials and for labor and overhead for June. Complete this question by entering your answers in the tabs below. Compute the equivalent units of production for materials and for labor and overhead for June. Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: The department started 397,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October. Highlands Company uses the weighted-average method of process costing. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Required: 1. Compute the number of tons of pulp completed and transferred out during June. 2. Compute the equivalent units of production for materials and for labor and overhead for June. Complete this question by entering your answers in the tabs below. Compute the number of tons of pulp completed and transferred out during June. Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: A total of 20,200 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. Note: For all requirements, round your final answers to the nearest whole dollar amountStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started