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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
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. Beginning work in process inventory Activity during the month Direct materials Direct labor Overhead applied Costs transferred from Cooking to Bottling Costs transferred from Bottling to finished goods Cooking $0 $ 18,100 12,100 15,100 Bottling $ 5,600 $ 8,300 6,900 8,600 $ 42,100 67,100 1. Prepare journal entries to record (a) 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) Bottling 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. Sharpe Company makes organic salsa in two production departments, Cooking and Botting. 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. Costs transferred from cooking to Bottling costs transferred from Bottling to finished goods \$ 42,100 67,100 1. Prepare journal entries to record (a) direct materiais used, (b) direct labor, and (c) overhead applied. 2. Prepare journal entries to record the costs transferred from (a) Cooking to Bottling and (b) Botting 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-Botting Complete this question by entering your answers in the tabs below. repare journal entries to record (a) direct materials used, (b) direct labor, and (c) overhead applied. Journal entry worksheet Record the transfer of costs from Cooking to Bottling. Note: Enter debits before credits. Journal entry worksheet Record the transfer of costs from Bottling to Finished Goods. Note: Enter debits before credits. 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
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. Beginning work in process inventory Activity during the month Direct materials Direct labor Overhead applied Costs transferred from Cooking to Bottling Costs transferred from Bottling to finished goods Cooking $0 $ 18,100 12,100 15,100 Bottling $ 5,600 $ 8,300 6,900 8,600 $ 42,100 67,100 1. Prepare journal entries to record (a) 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) Bottling 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.
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