BE9 - Homework # 9 Brief Exercises BE22-1 Mar.31 Raw...

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Homework # 9 Brief Exercises BE22-1 Mar.31 Raw Materials Inventory 45,000 Accounts Payable 45,000 (To record purchase of raw materials on account) Factory Labor 40,000 Factory Labor Costs Payable 40,000 (To record factory labor costs) BE22-2 Mar.31 Work in Process - Assembly 24,000 Work in Process - Finishing 21,000 Raw Materials Inventory 45,000 (To record materials used) Work in Process - Assembly 30,000 Work in Process - Finishing 10,000 Factory Labor 40,000 (To assign factory labor to production) BE22-3 Mar.31 Work in Process - Assembly 60,000 Work in Process - Finishing 20,000 Manufacturing Overhead 80,000 (To assign overhead to production) BE22-4 Ending Work in Process Month Units Transferred Out Units January 30,000 10,000 40% March 40,000 4,000 75% July 40,000 12,000 25% BE22-5 1) January Equivalent Units Materials Conversion Costs Units transferred out 30,000 30,000 Work in process 10 000*100% 10000 10 000*40% 4000 % Complete as to Conversion Costs
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Total Equivalent units 40,000
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BE9 - Homework # 9 Brief Exercises BE22-1 Mar.31 Raw...

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