[The following information applies to the questions displayed below.] The November production of MVPs Minnesota Division consisted of batch P25 (2,600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch S33, $63,750. Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.)

11 (The following information applies to the questions displayed below.) The November production of MVP's Minnesota Division consisted of batch P25 (2,600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Part 3 of 3 Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch S33, $63,750. 4.6 points Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.) eBook 3. Prepare journal entries to record the cost flows during November. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Bo References View transaction list Journal entry worksheet Record the requisition of raw material by the Preparation Department for batch P25. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 11 (The following information applies to the questions displayed below.) The November production of MVP's Minnesota Division consisted of batch P25 (2,600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Part 3 of 3 Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch S33, $63,750. 4.6 points Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.) eBook 3. Prepare journal entries to record the cost flows during November. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet Record the requisition of raw material by the Preparation Department for batch S33. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 11 (The following information applies to the questions displayed below. The November production of MVP's Minnesota Division consisted of batch P25 (2.600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Part 3 of 3 Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch S33, $63,750. 4.6 points Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.) eBook 3. Prepare journal entries to record the cost flows during November. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) References View transaction list Journal entry worksheet 2 3 4 5 6 7 8 > Record the entry to apply conversion costs - Preparation Department. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 11 [The following information applies to the questions displayed below.] The November production of MVP's Minnesota Division consisted of batch P25 (2,600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Part 3 of 3 1 Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch S33, $63,750. 4.6 points Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.) Skipped eBook 3. Prepare journal entries to record the cost flows during November. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet Record the transfer of the partially completed professional and scholastic basketballs to the Finishing Department. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 11 [The following information applies to the questions displayed below.] The November production of MVP's Minnesota Division consisted of batch P25 (2,600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Part 3 of 3 Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch S33, $63,750. 4.6 points Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.) Skipped eBook 3. Prepare journal entries to record the cost flows during November. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) References View transaction list Journal entry worksheet Record the entry to apply conversion costs - Finishing Department. Note: Enter debits before credits. Transaction General Journal Debit Credit 5 11 (The following information applies to the questions displayed below.) The November production of MVP's Minnesota Division consisted of batch P25 (2.600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Part 3 of 3 Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch S33, $63,750. 4.6 points Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.) Skipped eBook 3. Prepare journal entries to record the cost flows during November. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) - References View transaction list Journal entry worksheet Record requisition of raw material and apply conversion costs in Packaging Department Note: Enter debits before credits. General Journal Debit Credit Transaction 7 11 (The following information applies to the questions displayed below.) The November production of MVP's Minnesota Division consisted of batch P25 (2,600 professional basketballs) and batch S33 (5,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows: Part 3 of 3 Direct Material: Batch P25, $57,200, including $4,000 for packaging material; batch 533, $63,750. 4.6 points Conversion Costs: Preparation Department, predetermined rate of $5.30 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $0.40 per unit. (Only the professional balls are packaged.) Skipped eBook 3. Prepare journal entries to record the cost flows during November. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet