Sur 00 AM Fete Very Be Prutles We Rowe 1 - Mots Waderen Question 1 West Vibe Co Cake AC Green Company uses weighted average process costing to determine the cost of units. They produce their finished product in two processing departments Refining and Packaging. The following information is available for the month of July Dibond Can Inbox Refining Department: The beginning work in process inventory was $160,830 (582.430 direct material cost and $78.400 conversion costs and consisted of 1,800 units During July, an additional 24.700 units were started into production. During July, a total of 22.900 units were completed and transferred to the Padaire Department The ending work in process inventory consisted of 3.600 units which were 70% complete as to conversion costs as Studis Bleue i meschool 928 e # A S 4 % 5 & 7 1 Q 7 2 3 6 8 0 W Q W E R Y U U 1 O S D F G . K L The following costs were incurred during July: direct materials $280,620, direct labor $140,000; and factory overhead $193,404. Direct materials are added at the beginning of the process in the Refining Department and conversion costs are incurred evenly throughout the production process. Packaging Department: The beginning work in process inventory was $140,770 ($58,020 transferred-in costs and $82,750 conversion costs) and consisted of 2,800 units. During July, a total of 23,200 units were completed and transferred out to Finished Goods Inventory. The ending work in process inventory consisted of 2,500 units which were 40% complete as to conversion costs as of the end of July. The following costs were incurred during Il direct DD" 2 T3 A ** G MacBook Air The following costs were incurred during July: direct materials $294,640, direct labor $160,000, and factory overhead $200,110. Direct materials are added at the end of the process in the Packaging Department and conversion costs are incurred evenly throughout the production process. Workpapers: 11 Exam 2B Workpapers-Wtd Avg.pdf 11 Exam 2B Workpapers-Wtd Avg.xlsx REQUIRED: 1. Prepare a production report for the Refining Department for the month of July in the attached workpapers. 2. Prepare the general journal entry to record the transfer of units from the Refinin, Derartment to the Dackaging JA 2 MacBook Air 1. Prepare a production report for the Refining Department for the month of July in the attached workpapers 2. Prepare the general journal entry to record the transfer of units from the Refining Department to the Packaging Department for July in the attached workpapers. 3. Prepare a production report for the Packaging Department for the month of July in the attached workpapers. 4. Prepare the general journal entry to record the transfer of units from the Packaging Department to Finished Goods Inventory for July in the attached workpapers. 5. Enter the appropriate cost data in the Work in Process T-accounts for the Refining Department and for the Packaging Department for the month of July in the attached workpapers. Upload your completed workpaper file here. If you have CAT 20 G MacBook Air Data Review View Tell me Formulas Home Insert Draw Page Layout ESE wa Text w A A Times New Roman 12 La U Merge & Center Paste H93 L Part 1 GREEN COMPANY REFINING DEPARTMENT PRODUCTION REPORT JULY 71. SCHEDULE OF EQUIVALENT UNITS DM Beg WTF 10 Uni Sad 11 Tool Units to Account for 12 13 Uno Tresfeed Find WIP 15 Total Units Accord For 16 Equivalent Unisof Production 17 1B 2 COMPUTATION OF PER UNIT COSTS 19 14 20 CURRENT BEG WIP TOTAL COSTS EQUIV UNITS UNIT COST COSTS 2 21 22 23 DM cd Total 24 25 26 27 ASSIGNMENT OF CONTS TO PRODUCTION 29 Cot Good Manufactured: 30 32 33 Ending Works Preces DM CC Total Ending Wecks Total Cost Asid 35 36 37 Worker Wed Ave Ready DIR M Home Insert Draw 111 Times New Roman 12 v AA 20. Wrap Text Paste BIU Merge & Center V H93 fx B D E F L G H K 1 37 38 Part 39 GENERAL JOURNAL 40 Account Titles DR CR 41 42 43 CC DM 44 45 Part 46 GREEN COMPANY 47 PACKAGING DEPARTMENT 48 PRODUCTION REPORT 49 JULY 50. SCHEDULE OF EQUIVALENT UNITS 51 52 Beg WIP 53 Un Transferred In 54 Tool Units to Account For 55 T-IN 56 Units Transformed Out 57 End WIP 58 Total Units Accounted For 59 Equivalent Unit of Production 60 61 COMPUTATION OF PER UNIT COSTS 62 BEG CURRENT TOTAL WIP COSTS COSTS T-IN DM Total 69 70 71 ASSIGNMENT OF COSTS TO PRODUCTION 72 + UNIT EQUIV. UNITS COST Workpaper Wid Avg Ready 20 Mal Home Insert Draw Page Layout Times New Roman 12 - AA ES Pv Wrap Text 04 Paste B TV Merge & Center B H93 fx M 70 71. ASSIGNMENT OF COSTS TO PRODUCTION 72 73 Cost of Good Manufactured: 74 75 76 77 Ending Work Proces THIN 73 80 DM Total Ending Work in Process Total Cost Assigned Part D: GENERAL JOURNAL Accent Tits DR CR 90 Part 91 92 Work In Press-Refining Work In Process-Packaplog 93 94 95 96 S7 98 99 100 101 102 103 104 Work paper Wid Avg Ready 20 - MacB | Sur 00 AM Fete Very Be Prutles We Rowe 1 - Mots Waderen Question 1 West Vibe Co Cake AC Green Company uses weighted average process costing to determine the cost of units. They produce their finished product in two processing departments Refining and Packaging. The following information is available for the month of July Dibond Can Inbox Refining Department: The beginning work in process inventory was $160,830 (582.430 direct material cost and $78.400 conversion costs and consisted of 1,800 units During July, an additional 24.700 units were started into production. During July, a total of 22.900 units were completed and transferred to the Padaire Department The ending work in process inventory consisted of 3.600 units which were 70% complete as to conversion costs as Studis Bleue i meschool 928 e # A S 4 % 5 & 7 1 Q 7 2 3 6 8 0 W Q W E R Y U U 1 O S D F G . K L The following costs were incurred during July: direct materials $280,620, direct labor $140,000; and factory overhead $193,404. Direct materials are added at the beginning of the process in the Refining Department and conversion costs are incurred evenly throughout the production process. Packaging Department: The beginning work in process inventory was $140,770 ($58,020 transferred-in costs and $82,750 conversion costs) and consisted of 2,800 units. During July, a total of 23,200 units were completed and transferred out to Finished Goods Inventory. The ending work in process inventory consisted of 2,500 units which were 40% complete as to conversion costs as of the end of July. The following costs were incurred during Il direct DD" 2 T3 A ** G MacBook Air The following costs were incurred during July: direct materials $294,640, direct labor $160,000, and factory overhead $200,110. Direct materials are added at the end of the process in the Packaging Department and conversion costs are incurred evenly throughout the production process. Workpapers: 11 Exam 2B Workpapers-Wtd Avg.pdf 11 Exam 2B Workpapers-Wtd Avg.xlsx REQUIRED: 1. Prepare a production report for the Refining Department for the month of July in the attached workpapers. 2. Prepare the general journal entry to record the transfer of units from the Refinin, Derartment to the Dackaging JA 2 MacBook Air 1. Prepare a production report for the Refining Department for the month of July in the attached workpapers 2. Prepare the general journal entry to record the transfer of units from the Refining Department to the Packaging Department for July in the attached workpapers. 3. Prepare a production report for the Packaging Department for the month of July in the attached workpapers. 4. Prepare the general journal entry to record the transfer of units from the Packaging Department to Finished Goods Inventory for July in the attached workpapers. 5. Enter the appropriate cost data in the Work in Process T-accounts for the Refining Department and for the Packaging Department for the month of July in the attached workpapers. Upload your completed workpaper file here. If you have CAT 20 G MacBook Air Data Review View Tell me Formulas Home Insert Draw Page Layout ESE wa Text w A A Times New Roman 12 La U Merge & Center Paste H93 L Part 1 GREEN COMPANY REFINING DEPARTMENT PRODUCTION REPORT JULY 71. SCHEDULE OF EQUIVALENT UNITS DM Beg WTF 10 Uni Sad 11 Tool Units to Account for 12 13 Uno Tresfeed Find WIP 15 Total Units Accord For 16 Equivalent Unisof Production 17 1B 2 COMPUTATION OF PER UNIT COSTS 19 14 20 CURRENT BEG WIP TOTAL COSTS EQUIV UNITS UNIT COST COSTS 2 21 22 23 DM cd Total 24 25 26 27 ASSIGNMENT OF CONTS TO PRODUCTION 29 Cot Good Manufactured: 30 32 33 Ending Works Preces DM CC Total Ending Wecks Total Cost Asid 35 36 37 Worker Wed Ave Ready DIR M Home Insert Draw 111 Times New Roman 12 v AA 20. Wrap Text Paste BIU Merge & Center V H93 fx B D E F L G H K 1 37 38 Part 39 GENERAL JOURNAL 40 Account Titles DR CR 41 42 43 CC DM 44 45 Part 46 GREEN COMPANY 47 PACKAGING DEPARTMENT 48 PRODUCTION REPORT 49 JULY 50. SCHEDULE OF EQUIVALENT UNITS 51 52 Beg WIP 53 Un Transferred In 54 Tool Units to Account For 55 T-IN 56 Units Transformed Out 57 End WIP 58 Total Units Accounted For 59 Equivalent Unit of Production 60 61 COMPUTATION OF PER UNIT COSTS 62 BEG CURRENT TOTAL WIP COSTS COSTS T-IN DM Total 69 70 71 ASSIGNMENT OF COSTS TO PRODUCTION 72 + UNIT EQUIV. UNITS COST Workpaper Wid Avg Ready 20 Mal Home Insert Draw Page Layout Times New Roman 12 - AA ES Pv Wrap Text 04 Paste B TV Merge & Center B H93 fx M 70 71. ASSIGNMENT OF COSTS TO PRODUCTION 72 73 Cost of Good Manufactured: 74 75 76 77 Ending Work Proces THIN 73 80 DM Total Ending Work in Process Total Cost Assigned Part D: GENERAL JOURNAL Accent Tits DR CR 90 Part 91 92 Work In Press-Refining Work In Process-Packaplog 93 94 95 96 S7 98 99 100 101 102 103 104 Work paper Wid Avg Ready 20 - MacB |
