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QUESTION 7 Assuming the following information, what is the total costs assigned to units that were completed and transferred out, and total costs assigned to
QUESTION 7 Assuming the following information, what is the total costs assigned to units that were completed and transferred out, and total costs assigned to Ending WIP? Units completed and transferred out = 62,000 units EUP for direct materials = 115,000 EUP for conversion = 81,000 Cost per EUP for direct materials = $0.96 cost per EUP for conversion = $0.67 a. Total costs assigned to units completed and transferred out: b. Total costs assigned to Ending WIP: QUESTION 8 What is the journal entry if transferring units that are complete with respects to the process in one department (Dept A) to the next department (Dept B)? a. Debit to WIP - Department A; Credit to WIP - Department B O b O c O d n. Debit to WIP - Department A; Credit to Finished Goods Inventory C None of the above Debt to WIP - Department B; Credit to WIP Department A e. Debit to WIP Department B; Credit to Finished Goods Inventory
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