Required Information Use the following information for the Quick Study below. [The following information applies to the
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Required Information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,800 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Percent of Conversion Units Assembly Department Beginning work in process Units transferred out Ending work in process 2,5ee Percent of Direct Materials 18 80% 9,500 4,800 18ex 30% $3,819 (consists of $1,816 for direct materials and $2,083 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 24,864 $ 25,347 QS 16-17A FIFO: Journal entry to transfer costs LO P4 Required: Prepare the November 30 journal entry to record the transfer of costs from the assembly department to the painting department. Use the FIFO method. View transaction list Journal entry worksheet
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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