Suomi -e 5-1 (Algo) Process Costing Journal Entries (LO 5-1) Check my work Brick Company produces bricks in two processi

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Suomi E 5 1 Algo Process Costing Journal Entries Lo 5 1 Check My Work Brick Company Produces Bricks In Two Processi 1 (35.15 KiB) Viewed 103 times

Suomi E 5 1 Algo Process Costing Journal Entries Lo 5 1 Check My Work Brick Company Produces Bricks In Two Processi 2 (46.72 KiB) Viewed 103 times

Suomi -e 5-1 (Algo) Process Costing Journal Entries (LO 5-1) Check my work Brick Company produces bricks in two processing departments--Moiding and Firing. Information relating to the company's ons in March follows: materials used in production Molding Department, $27.200, and Firing Department. $5,600 ct labor costs incurred. Molding Department, $19.100; and Firing Department. $5,300 ufacturing overhead was applied: Molding Department. $22.500, and Firing Department. $35,700 -red, molded bricks were transferred from the Molding Department to the Firing Department. According to the company's cess costing system, the cost of the unfired, molded bricks was $69,300. shed bricks were transferred from the Firing Department to the finished goods warehouse. According to the company's process ting system, the cost of the finished bricks was $108.900 ished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold $103.200 wired: are journal entries to record items (a) through) above, of no entry is required for a transaction/event, select "No journal entry ired" in the first account field.) Flow transaction ist Journal entry worksheet 5 2 3 4 5 6 Record issuance of raw materials for use in production Prev Next >
Old Country Links, Incorporated, produces sausages in three production departments --Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted- average method in its process costing system. Data for September for the Casing and Curing Department follow: Percent Completed Units Mixing Materials Conversion Work in process inventory, September 1 609 ses Work in process inventory, September 30 100 205 105 ces В B 100% Mixing Materials Conversion Work in process inventory, September 1 $ 18,864 $ 24 $ 1,648 Cost added during Septenber $ 276,546 $ 20,573 $ 144,512 Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches, each unit in the above tablo is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During September, 121 batches (e. units) were completed and transferred to the Packaging Department Required: Determine the Casing and Curing Departments equivalent units of production for mixing. materials, and conversion for the month of September 2. Compute the Cosing and Curing Departrient's cost per equivalent unit for mixing, materials, and conversion for the month of September 3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials conversion and in total for September 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September 5. Donosne