Answered step by step
Verified Expert Solution
Question
1 Approved Answer
show the work please and it's PE20-7A inventory m D Started and completed during the period Transferred out of Rolling (completed) Inventory in process, end
show the work please and it's PE20-7A
inventory m D Started and completed during the period Transferred out of Rolling (completed) Inventory in process, end of period 7,500 1,000 8,500 7,820 300 8,120 Total units to be assigned costs The g work in process inventory had a cost of $25,000. Determine the cost of completed and transferred-out production and the ending work in process inventory. OBJ. 3 PE 20-7A Process cost journal entries EE 20-7 p The cost of materials transferred into the Filling Department of Lilac Skin Care Company is $20,250, including $6,000 from the Blending Department and $14,250 from the mate- rials storeroom. The conversion cost for the period in the Filling Department is $6,372 ($1,600 factory overhead applied and $4,772 direct labor). The total cost Finished Goods for the period was $25,660. The Filling Department had a beginning transferred to inventory of $2,200. a. Journalize (1) the cost of transferred-in materials, (2) conversion costs, and (3) the costs transferred out to Finished Goods. b. Determine the balance of Work in Process-Filling at the end of the period. PE 20-7B Process cost journal entries OBJ. 3 The cost of materials transferred into the Rolling Department of Keystone Steel Company is $510,000 from the Casting Department. The conversion cost for the period in the RollStep 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