Wildhorse Industries uses a process cost system. Products are processed first by Department A, then by Department B, before being 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 Manufacturing costs added in Department B: Direct materials Direct labor Manufacturing overhead Total costs charged to Department B in October $65,000 15,600 24,700 $156,000 105,300 $261,300 The cost of work in process in Department Bat October 1 is $32,500, and the cost of work in process at October 31 is $39,000. Using the format below, record for the month of October: (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) (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 Inventory warehouse.

Wildhorse Industries uses a process cost system. Products are processed first by Department A, then by Department B, before being 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 Manufacturing costs added in Department B: Direct materials Direct labor Manufacturing overhead Total costs charged to Department B in October $65,000 15,600 24,700 $156,000 105,300 $261,300 The cost of work in process in Department Bat October 1 is $32,500, and the cost of work in process at October 31 is $39,000. Using the format below, record for the month of October: (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) (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 Inventory warehouse.

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Description: Please show your work. Wildhorse Industries uses a process cost system. Products are processed first by Department A, then by Department B, before being transferred to the finished goods warehouse. Shown below is the cost information for Department B

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 13P: Tanaka Manufacturing Co. uses the process cost system. The following information for the month of...

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