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Two Departments, Journal Entries with Supporting Calculations - Weighted Average Method a . ) Record the August transactions in general journal form for Department 1
Two Departments, Journal Entries with Supporting CalculationsWeighted Average Method
a Record the August transactions in general journal form for Department and Department
Hint: Complete the product cost reports for Departments and before entering journal entries for transactions and
b Prepare a product cost report with its supporting calculations for Department
Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.
c Prepare a product cost report with its supporting calculations for Department
Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.
d Determine the balances remaining in the Materials Inventory account, in each work in process account, and in the Finished Goods Inventory account.
Enter answers in the order of your journal entries in part a using the first available answer box in the appropriate debit or credit column.
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