This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Based on the following information from a company's process costing system that is reporting on the ... (Read 26 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Mar 6, 2021
Based on the following information from a company's process costing system that is reporting on the month of May's activity in one of its departments, which journal entries would be correct?

Cost of goods completed and transferred out (before adding normal spoilage)$200,000




​
Normal spoilage$20,000
​
Total cost of goods completed and transferred out$220,000


​
Abnormal spoilage$9000
​
Work in process ending$25,000
​
Total costs accounted for$254,000
​

◦
Finished Goods$220,000
       Work in Process               $220,000
Finished Goods$9000
      Loss from Spoilage$9000

◦
Loss from Spoilage$29,000
       Finished Goods$29,000

◦
Finished Goods$220,000
       Work in Process $220,000
Loss from Abnormal Spoilage                      $9000
         Work in process$9000

◦
Finished Goods$191,000
Work in Process$191,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sammy on Mar 6, 2021

frejo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


sammy

  • Member
  • Posts: 818
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

nervous system nervous system
Conduction system of the heart. Conduction system of the heart.
Ears, nose, and throat (ENT) system. Ears, nose, and throat (ENT) system.
Some vehicles will display a message if an evaporative control system leak is detected that could ... Some vehicles will display a message if an evaporative control system leak is detected that could ...
Lean 6 Sigma - Pull System Lean 6 Sigma - Pull System
Female Reproductive System - Oocyte "بويضة الجهاز التناسلي " Female Reproductive System - Oocyte "بويضة الجهاز التناسلي "
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library