BUAD 202 CH 3 - The journal entry to record the transfer of...

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The journal entry to record the transfer of units to the next department in the process accounting is a(n):
A manufacturing department had 10,000 EUP for materials and 6,000 for labor and overhead the department had $17,250 in materials costs and $2,500 in labor and overhead costs in beginning goods in process inventory and added an additional $40,250 in materials costs and $5,000 in labor and overhead costs this period. The cost per equivalent unit of production for materials is $5.75 and for labor and overhead is $1.25. Match each product or service with the type of manufacturing most likely to be used -job order or process operations: Job order Wedding invitations Tax returns Customized home Process Oil changes Soft drinks Chocolate chip cookies The journal entry to record the purchase of materials on account in process cost accounting is: Raw materials inventory Accounts Payable The parts of the process cost summary include: Costs charged to departments Equivalent units of production Cost assignment and reconciliation A manufacturing company has 4 processes. All materials are added at the beginning of the first process. Labor and overhead are added evenly throughout the manufacturing process. If 400 units are started, the EUP with respect to labor and overhead are 300 after process 3.
The journal entry to record cost of goods sold in process costing is to: Cost of goods sold Finished goods inventory Department X started 550 units during the accounting period, completed and transferred out 500 units

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