Questions and Exercises 2

Questions and Exercises 2 - period, 18,000 units were...

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Questions and Exercises 2 Appendix B E-1 a) Materials used by the Blending Department Work in Process- Blending Department- Debit Materials- Cocoa Beans- Credit Materials- Sugar- Credit Materials- Dehydrated Milk- Credit b) Transfer of blended product to the Molding Department. Work in Process- Molding Department- Debit Work in Process- Blending Department- Credit c) Transfer of chocolate to the Packing Department. Work in Process- Packing Department- Debit Work in Process- Molding Department- Credit d) Transfer of boxed chocolate to the distribution center Finished Goods- Debit Work in Process- Packing Department- Credit e) Sale of boxed chocolate. Cost of goods sold- debit Finished goods- credit 2. Appendix B E-3 The Converting Department of Oska Napkin Company uses the average cost method and had 2,000 units in work in process that were 60% complete at the beginning of the period. During the
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Unformatted text preview: period, 18,000 units were completed and transferred to the Packing Department. There were 25,200 units were completed and transferred to the Packing Department. There were 1,100 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period-26,300 b. Determine the number of equivalent units of production for the period-25,530 3. Appendix B E-6 The charges to Work in Process- Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production. a. $1.60 b. $0.70 c. $18,720 d. $322,000 e. $10,100 http://fwscpa.com/fwscpa_web/RCC/Acc_1B/Solutions/Warren%20SMChap22_07_.pdf...
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