70.2K

Verified Solution

Link Copied!

What journal entry is used to

Record the journal entry that needs to be made to reflect the units completed and transferred out of the blending department during the month

Sun Mar 17 45%(- 8:49 PM Process Costing_Markwordtc101_and_blancob_101 Insert Draw Formulas Data ReviewView Home Calibri (Body) EABC fxG9G10 Production Cost Report: Blending D Physical Units Department Data 2 Information about units: 3 Units in Beginning WIP 4 Started during month 5 Units in Ending WIP 6 7 Percentage of completion: 8 Direct materials 9 Conversion 10 11 Costs in Beginning WIP 12 DM in beginning WIP 13 Conversion costs in beginning WIP 14 15 Cost information for the current month: 16 DM traced to Dept during the month $1,153,750 17 DL traced to Dept during the month 18 MOH allocated to dept during the month $ 617,600 19 20 21 FLOW OF UNITS 25,000 220,000 30,000 Units to account for: Beginning work in process Started in production 25,0 220,0 245,0 Total units to account for 100% 80% Units accounted for: Completed and transferred out Ending WIP 215,0 30,0 245,0 Total units accounted for $132,500 78,300 FLOW OF COSTS Total Costs to account for: Beginning work in process Costs added during month 210,800 $1,816,350. $ 2,027,150. 45,000 Total costs to account for Cost per equivalent unit Costs accounted for: Directions May Blending Dept... April Blending Dept.. General Ledger Additional Analysis + Abc 123

Answer & Explanation Solved by verified expert

See Answer