The journal entry to record inventory costs and

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Financial Management: Theory & Practice
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Chapter 19 / Exercise 19-8
Financial Management: Theory & Practice
Brigham/Ehrhardt
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9.The journal entry to record inventory costs and direct-material variances for the month of February isa.Cutting Department Control342,000Direct Material Variances4,500Work in Process—Cutting Department337,500b.Work in Process—Cutting Department337,500Direct Material Variances4,500Cutting Department Control342,000c.Work in Process—Cutting Department342,000Direct Material Variances4,500Cutting Department Control337,500d.Work in Process—Cutting Department341,250Direct Material Variances750Cutting Department Control342,000
10.In the Sewing Department, additional direct materials are added to the product at the end of production. Without prejudice to your answer for questions 1–9, assume that 200,000 units were transferred from the Cutting Department and that the weighted-average method is used. Data for February follow:Work in process, January 31—70,000 units (30% complete as to conversion)Units completed during February—240,000 unitsWork in process, February 28—30,000 units (80% complete as to conversion)For the Sewing Department, the equivalent units of work done in February is
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Financial Management: Theory & Practice
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Chapter 19 / Exercise 19-8
Financial Management: Theory & Practice
Brigham/Ehrhardt
Expert Verified
CHAPTER 17 QUIZ SOLUTIONS
Quiz Question Calculations
CHAPTER 18 QUIZ1.[CPA Adapted]In manufacturing its products for the month of September 2008, El Dorado Corporation incurred normal spoilage of $7,000 and abnormal spoilage of $3,000. How much spoilage cost should El Dorado charge as inventoriable for the month of September 2005?
2.[CPA Adapted] Spoilage from a manufacturing process was discovered duringan inspection of work in process. In a process-costing system, the cost of the spoilage would be added to the cost of the good units produced if the spoilage is

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