Название предмета /Fan

QUESTION 2 SOLUTION


Units transferred out:

Materials=(20,000×100%)+(12,000×100)=32,000

Units Conversion costs=(20,000×100%)+(12,000×70%) =28,400
QUESTION 3 SOLUTION

Answer:
A) the total units to be accounted for = 22,000 + 4,000 = 26,000 units

B) the total material equivalent units = 22,000 finished units + 4,000 = 26,000 units
total conversion equivalent units = 22,000 finished units + (4,000 x 40%) = 22,000 + 1,600 = 23,600
QUESTION 4 SOLUTION
Answer

The entries are:

Work in Process—Blending 18,000

Work in Process—Bottling 4,000

Raw Materials Inventory 22,000

(To record materials used)

Work in Process—Blending 12,000

Work in Process—Bottling 5,000

Factory Labor 17,000

(To assign factory labor to production)

Work in Process—Blending 6,000

Work in Process—Bottling 2,500

Manufacturing Overhead 8,500

(To assign overhead to production)

Work in Process—Bottling 19,000

Work in Process—Blending 19,000

(To record transfer of units to the Bottling

Department)

Finished Goods Inventory 11,000

Work in Process—Bottling 11,000

(To record transfer of units to finished goods)
TEST ANSWER

5 C

6 D

7 B

8 D

9 False

10 D