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Name: H#4Prepare the journal entry to record the transfer of 3,500 units fro
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Description: H#4Prepare the journal entry to record the transfer of 3,500 units from the separation department to the mash department if the material cost per unit is $2 and the conversion cost per unit is $5.

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Accounting

Prepare the journal entry to record the transfer of 3,500 units from the separation department to the mash department if the material cost per unit is $2 and the conversion cost per unit is $5.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EB: Prepare the journal entry to record the transfer of 3,500 units from the separation department to...

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(Appendix 6A) First-In, First-Out Method Refer to Problem 6-67. Required: Prepare a production report for the mixing and encapsulating departments using the FIFO method. (Note: Round the unit cost to four decimal places.) (Hint: For the second department, you must convert gallons to capsules.)
Prepare the journal entry to record the transfer of 3,500 units from the separation department to the mash department if the material cost per unit is $2 and the conversion cost per unit is $5.
Question 3 During June, 30,000 units were transferred in from Department A at a cost of Rs. 69,000. Materials cost of Rs. 15,000 and conversion cost of Rs. 12,780 were added in Department B. on June 30, Department B had 8,000 units of work in process 80% complete as to conversion cost. Materials are added in the beginning of process in Department B. Calculate unit cost with respect to all component of costs (Hint: material and conversion)?
Question 8 Cost per Equivalent Unit The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $128,400. The conversion cost for the period in the Filling Department is $140,740. The total equivalent units for direct materials and conversion are 42,800 ounces and 45,400 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: $fill in the blank 1 per ounce Conversion costs per equivalent unit: $fill in the blank 2 per ounce
Question 1: Assume the following information pertaining to Star Company: Prime costs $ 202,000 Conversion costs 235,000 Direct materials used 89,900 Beginning work in process 104,300 Ending work in process 83,800 Total manufacturing cost is calculated to be: Multiple Choice $324,900. $33,000. $112,100. $347,100. $122,900.
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10. A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. Complete the following table to determine what is the unit cost for materials and conversion? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Total Cost Equivalent Units Per Unit Material ? ? ? Conversion ? ? ?
H#4 A company has 100 units in ending work in process that are 40% complete after transferring out 750 units. If the cost per unit is $5 for materials and $2.50 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?
Question 8 During April, 30,000 units were transferred in from Department A at a cost of Rs. 69,000. Materials cost of Rs. 15,000 and conversion cost of Rs. 12,780 were added in Department B. on April 30, Department B had 8,000 units of work in process 80% complete as to conversion cost. Materials are added in the beginning of process in Department B. The cost of work in process at April 30, would be:
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