Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sharpe company makes organic salsa in two production department, cooking and bottling. Sharpe Company makes organic salsa in two production departments, Cooking and Bottling. Direct
Sharpe company makes organic salsa in two production department, cooking and bottling.
Sharpe Company makes organic salsa in two production departments, Cooking and Bottling. Direct materials costs are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company reports the following for a recent month. Cooking Bottling Beginning work in process inventory SO $ 5,500 Activity during the month Direct materials $ 18,000 $ 3,200 Direct labor 12,000 6,800 Overhead applied 15,000 8,500 Conts transferred from cooking to Bottling $ 42,000 Conta transferred from Bottling to finished goods 67.000 1. Prepare journal entries to record (o) direct materials used, (b) direct labor, and (c) overhead applied. 2. Prepare Journal entries to record the costs transferred from (a) Cooking to Bottling and (b) Bottiind to Finished Goods 3. Use T-accounts to compute (a) the ending balance of Work in Process inventory--Cooking and (b) the ending balance of Work in Process Inventory--Bottling Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare journal entries to record (a) direct materials used, (b) direct labor, and (c) overhead applied Required 1 Required 2 Required 3 Prepare journal entries to record (a) direct materials used, (b) direct labor, and (c) overhead applied. View transaction list Journal entry worksheet Record direct materials used in production, Note: Enter debits before credits Transaction General Journal Debit Credit 8 18 SEP g 12 Required 1 Required 2 Required 3 Prepare journal entries to record (a) direct materials used, (b) direct labor, and (c) overhead applied. View transaction list Journal entry worksheet 1 2 3 Record direct labor used in production Note: Enter debits before credits General Journal Debit Credit Transaction b Required 1 Required 2 Required 3 Prepare journal entries to record (a) direct materials used, (b) direct labor, and (c) overhead applied. View transaction list Journal entry worksheet Record the application of overhead to production. Note: Enter debits before credits Transaction General Journal Debit Credit Required 1 Required 2 Required 3 Prepare journal entries to record the costs transferred from (a) Cooking to Bottling and (b) Bottling to Finished Goods. View transaction list Journal entry worksheet Record the transfer of costs from Cooking to Bottling. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Required 1 Required 2 Required 3 Prepare journal entries to record the costs transferred from (a) Cooking to Bottling and (b) Bottling to Finished Goods. View transaction list Journal entry worksheet 1 N 2 Record the transfer of costs from Bottling to Finished Goods. Note: Enter debits before credits Transaction General Journal Debit Credit b Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Use T-accounts to compute (a) the ending balance of Work in Process Inventory-Cooking and (b) the ending balance of Work in Process Inventory--Botting Work in Process Inventory-Cooking Work in Process Inventory-Bottling Debit Credit Debit Credit Beginning balance Beginning balance Ending balance Ending balance Step 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