rk Part 1 Tomlinson Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Tomlinson Company's process-costing system.) Question 2, P18-37 (simila Part 1 of 4 Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process-As Begin by recording the purchase and use of direct materials. Journal Entry JE 1 Accounts Debit Credit Requirement Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process-Assembly. Set up a T-account for Work in Process Assembly and post your entries to it. Print Work in process, beginning Costs added in current period Total costs to account for Direct Production Costs Materials $ $ Total costs accounted for Done Total - X Conversion Costs 1,635,300 $ 1,152,000 $ 483,300 6,529,200 4,386,000 2,143,200 8,164,500 $ 5,538,000 $2,626,500
rk Part 1 Tomlinson Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Tomlinson Company's process-costing system.) Question 2, P18-37 (simila Part 1 of 4 Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process-As Begin by recording the purchase and use of direct materials. Journal Entry JE 1 Accounts Debit Credit Requirement Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process-Assembly. Set up a T-account for Work in Process Assembly and post your entries to it. Print Work in process, beginning Costs added in current period Total costs to account for Direct Production Costs Materials $ $ Total costs accounted for Done Total - X Conversion Costs 1,635,300 $ 1,152,000 $ 483,300 6,529,200 4,386,000 2,143,200 8,164,500 $ 5,538,000 $2,626,500
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 8P: Journalizing the distribution of service department costs to production departments
Required:
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Question
![ork Part 1
Tomlinson Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly
department and the testing department. This problem focuses on the assembly department.
i (Click the icon to view information about Tomlinson Company's process-costing system.)
Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process As
Begin by recording the purchase and use of direct materials.
Journal Entry
JE 1
Data table
Accounts
Work in process, October 1ª
Started during October 2020
Question 2, P18-37 (simila
Part 1 of 4
Completed during October 2020
Work in process, October 31b
Total costs added during October 2020
a Degree of completion: direct materials, ?%; conversion costs, 60%.
bDegree of completion: direct materials, ?%; conversion costs, 75%.
Debit
Physical Units
Direct
(Car Seats) Materials
4,500
21,500
24,000
2,000
Credit
Conversion
Costs
$1,152,000 $483,300
$4,386,000 $2,143,200
I
X
Requirement
Prepare a set of summarized journal entries for all October 2020 transactions
affecting Work in Process-Assembly. Set up a T-account for Work in
Process Assembly and post your entries to it.
Print
Work in process, beginning
Costs added in current period
Total costs to account for
Completed and transferred out
Work in process, ending
Total costs accounted for
$
Direct
Production Costs Materials
$
Total costs accounted for
$
Total
$
Print
Done
Total
Direct Conversion
Production Costs Materials
Costs
7,584,000 $ 5,112,000 $ 2,472,000
580,500 426,000 154,500
8,164,500 $ 5,538,000 $ 2,626,500
1,635,300 $ 1,152,000 $ 483,300
6,529,200 4,386,000 2,143,200
8,164,500 $
5,538,000 $ 2,626,500
Conversion
Costs
Done
X
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F77db334a-745d-4c62-bd30-f4c9addff216%2F4187d4fa-60ba-4838-9669-5c80fe88f4ea%2F27vngsp_processed.png&w=3840&q=75)
Transcribed Image Text:ork Part 1
Tomlinson Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly
department and the testing department. This problem focuses on the assembly department.
i (Click the icon to view information about Tomlinson Company's process-costing system.)
Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process As
Begin by recording the purchase and use of direct materials.
Journal Entry
JE 1
Data table
Accounts
Work in process, October 1ª
Started during October 2020
Question 2, P18-37 (simila
Part 1 of 4
Completed during October 2020
Work in process, October 31b
Total costs added during October 2020
a Degree of completion: direct materials, ?%; conversion costs, 60%.
bDegree of completion: direct materials, ?%; conversion costs, 75%.
Debit
Physical Units
Direct
(Car Seats) Materials
4,500
21,500
24,000
2,000
Credit
Conversion
Costs
$1,152,000 $483,300
$4,386,000 $2,143,200
I
X
Requirement
Prepare a set of summarized journal entries for all October 2020 transactions
affecting Work in Process-Assembly. Set up a T-account for Work in
Process Assembly and post your entries to it.
Print
Work in process, beginning
Costs added in current period
Total costs to account for
Completed and transferred out
Work in process, ending
Total costs accounted for
$
Direct
Production Costs Materials
$
Total costs accounted for
$
Total
$
Print
Done
Total
Direct Conversion
Production Costs Materials
Costs
7,584,000 $ 5,112,000 $ 2,472,000
580,500 426,000 154,500
8,164,500 $ 5,538,000 $ 2,626,500
1,635,300 $ 1,152,000 $ 483,300
6,529,200 4,386,000 2,143,200
8,164,500 $
5,538,000 $ 2,626,500
Conversion
Costs
Done
X
X
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