Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shamrock Manufacturing produces automobile parts and batteries. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production.

image text in transcribed
Shamrock Manufacturing produces automobile parts and batteries. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. The following production information is for the month of April Units: Work in process, March 31, (40% complete): 6,200 units Units started in April 37,800 Units completed during April: 40,400 Work in process April 30, (25% complete): 3,600 units Costs in beginning WIP: Direct materials $ 6,900 Conversion costs 2.100 Total $ 9,000 Costs added this period Direct materials added in April $ 65,700 Conversion costs added in April 40,600 $106,300 Total Write out the journal entries for the weighted average method for April (Round answers to o decimal places, e.g. 125. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Work In Process Inventory Raw Materials Inventory (To record the cost of raw materials used in production during April.) Work-In-Process Inventory Wages and Accounts Payal (To record the conversion costs incurred in production during April.) Finished Goods Inventory Work in Process Inventory To record the cost of units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Access Audit Handbook

Authors: Alison Grant

1st Edition

1859461778, 978-1859461778

More Books

Students also viewed these Accounting questions