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uuestlon #5 A le company produces ceramic tiles in two sequential production departments 1) Tile Forming and 2) Tile Finishing. Information for the le Forming
uuestlon #5 A \"le company produces ceramic tiles in two sequential production departments 1) Tile Forming and 2) Tile Finishing. Information for the le Forming division for the month of May is as follows: Information about UNITS Component Beg WIP 2,000 units Started in production 18,000 units l Completed and transferred 16,000 units End WIP 4,000 units 25% complete to direct materials; 55% complete for conversion costs Information about COSTS Component | Beg WIP I Direct materials used in May I Conversion costs incurred in Ma Costs Notes $4,800 $800 is DM and $4000 is conversion) $6.000 $32,400 Utilizing process costing, complete the following: a) Calculate the units completed and transferred out. b) Calculate the units still in WIP ending inventory. c) What journal entries are needed at month-end to transfer the costs to the next department
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