Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Cariberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost

image text in transcribed
The Cariberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Units 2,000 9,000 3,000 Percent of Direct Materials Added 60% 100% 80% Percent of Conversion Added 40% 100% 30% $1,581 (includes $996 for direct materials and $585 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 10,404 $ 12,285 Required: Prepare the November 30 journal entry to record the transfer of units and costs) from the assembly department to the painting department. Use the weighted average method. View transaction list Journal entry worksheet Record the transfer of units from the assembly department to the painting department (weighted average method.) Note: Enter debits before credits Transaction Debit Credit General Journal Work in Process Inventory--Painting Work in Process Inventory-Assembly

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

Step: 3

blur-text-image

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

Managerial Accounting For Undergraduates

Authors: James Wallace, Scott Hobson, Theodore Christensen

2nd Edition

1618533096, 9781618533098

More Books

Students also viewed these Accounting questions

Question

5. Save raster im?

Answered: 1 week ago