44 - 410,000 410,000 Ending work in process Materials...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
d. To record transfer of unfired, molded bricks from the Molding  Department to the Firing Department:  Work in Process—Firing Department ............. 67,000 Work in Process—Molding Department ... 67,000 e. To record transfer of finished bricks from the Firing Department  to the finished goods warehouse:  Finished Goods ............................................ 108,000 Work in Process—Firing Department  ...... 108,000 f.  To record Cost of Goods Sold: Cost of Goods Sold  ...................................... 106,000 Finished Goods  ..................................... 106,000 Exercise 4-2  (10 minutes) Weighted-Average Method Equivalent Units Materials Conversion Units transferred to the next department 
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ...... 410,000 410,000 Ending work in process: Materials: 30,000 units × 70% complete . .... 21,000 Conversion: 30,000 units × 50% complete . . 15,000 Equivalent units of production . ...................... 431,000 425,000 Exercise 4-3 (10 minutes) Weighted-Average Method Materials Labor Overhead Total Work in process, May 1. ....... $ 14,550 $23,620 $118,100 Cost added during May . ....... 88,350 14,330 71,650 Total cost (a) . ..................... $102,900 $37,950 $189,750 Equivalent units of 1,200 1,100 1,100 production (b). .................. Cost per equivalent unit $85.75 $34.50 $172.50 $292.75 (a) ÷ (b) . ............................
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern