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2Leandro The following costs are given for April: Corp. manufactures wooden desks. Production consists of...

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Accounting

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2Leandro The following costs are given for April: Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and fini Assembly Finishing irect materials direct labor applied overhead $10,000 $3 14 There were no work in process inventories and 1,000 podiums were produced. Record the journal entries to record the transfer of goods from process to process. a. Work in Process - Assembly 14,000 Work in Process-Cutting 14,000 Work in Process-Assembly 43,000 Work in Process-Finishing 54,000 Work in Process- Finishing 43,000 Finished Goods 54,000 Work in Process- Assembly 29,000 Work in Process - Finishing 11,000 Finished Goods 54,000 b. Work in Process-Cutting 29,000 Work in Process - Assembly 11,000 Work in Process-Finishing 54,000 c. Work in Process- Cutting 14,000 Raw Materials 14,000 Raw materials 29,000 Raw Materials 11,000 Work in Process- Assembly 29,000 Work in Process-Finishing 11,000 d. none of the above 3 Which of the following refers to quantitative plans for the future, stated in either physical ter or both? a. A statement of owner's equity b. An income statement c. A budget d. A balance sheet

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