a) Benson Industries uses a process cost system. Products are processed first by Department A, second by Department B, and then they are transferred to the finished goods warehouse. Shown below is the cost information for Department B during the month of October: Costs of units transferred in RM120,000 Manufacturing costs added in Department B: Direct materials RM50,000 Direct labor 12,000 Manufacturing overhead 19.000 81.000 Total costs charged to Department B in October RM201.000 The cost of work in process in Department B at October 1 is RM25,000, and the cost of work in process at October 31 has been determined to be RM30,000. Required: Prepare journal entries to record for the month of October: a) The transfer of production from Department A to B. b) The manufacturing costs incurred by Department B. c) The transfer of completed units from Department B to the finished goods warehouse.

a) Benson Industries uses a process cost system. Products are processed first by Department A, second by Department B, and then they are transferred to the finished goods warehouse. Shown below is the cost information for Department B during the month of October: Costs of units transferred in RM120,000 Manufacturing costs added in Department B: Direct materials RM50,000 Direct labor 12,000 Manufacturing overhead 19.000 81.000 Total costs charged to Department B in October RM201.000 The cost of work in process in Department B at October 1 is RM25,000, and the cost of work in process at October 31 has been determined to be RM30,000. Required: Prepare journal entries to record for the month of October: a) The transfer of production from Department A to B. b) The manufacturing costs incurred by Department B. c) The transfer of completed units from Department B to the finished goods warehouse.

Name: b) Greer Company provides architectural services for mall development
Uploaded: 2024-03-20T06:32:49.000Z
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Description: b) Greer Company provides architectural services for mall development companies. The followingdata are available for 2016.Expected Use ofActivity Cost PoolSecretarial supportDirect labor fringe benefitsPrinting and copyingComputer supportLiability i

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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