units during November. The following production activity in both units and costs refers to the Assembly department'sNovember activities.Assembly DepartmentBeginning work in process inventoryUnits started this periodUnits completed and transferred outEnding work in process inventoryCost of beginning work in processDirect materialsConversionCosts added this monthDirect materialsConversionView transaction listJournal entry worksheet1Note: Enter debits before credits.DateGeneral JournalNovember 30 Work in process inventory-PaintingWork in process inventory-AssemblyUnitsRecord entry3,20012,30010, 2005,300Clear entryPercentComplete forDirectMaterials75%$ 1,14362413,82717,856Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Usethe FIFO method.90%Record the transfer of units from the Assembly department to the Paintingdepartment (FIFO method.)PercentComplete forConversion25%$ 1,767Debit31,68340%CreditView general journal

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Description: units during November. The following production activity in both units and costs refers to the Assembly department'sNovember activities.Assembly DepartmentBeginning work in process inventoryUnits started this periodUnits completed and transferred ou

Using FIFO method, the cost of units completed include the cost of beginning WIP, Cost of completing…

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units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Units 3,200 12,300 10, 200 5,300 Percent Complete for Direct Materials 75% $ 1,143 624 13,827 17,856 90% Percent Complete for Conversion 25% $ 1,767 31,683 40% pare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use FIFO method.

units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Units 3,200 12,300 10, 200 5,300 Percent Complete for Direct Materials 75% $ 1,143 624 13,827 17,856 90% Percent Complete for Conversion 25% $ 1,767 31,683 40% pare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use FIFO method.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...

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