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

Author Question: Blousson Company has two sequential processing departments: Assembly then Shaping. The Shaping ... (Read 78 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Jan 5, 2020
Blousson Company has two sequential processing departments: Assembly then Shaping.  The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process.

Beginning WIP inventory7,000 units
Transferred-in costs in beginning WIP inventory$98,000
Direct materials costs  in beginning WIP inventory $24,500
Conversion costs in beginning WIP inventory$22,750
Units transferred-in45,000 units
Transferred-in costs$630,000
Units completed42,000
Costs added:  materials$155,040
Costs added:  conversion$230,710
Ending WIP inventory10,000 units
(50% complete for materials and 40% complete for conversion)​
What would have been the journal entry to record the transfer of product from the assembly department to the shaping department?
◦ WIP-assembly (Dr); WIP-shaping (Cr) 630,000
◦ WIP-shaping (Dr); WIP-assembly (Cr) 728,000
◦ WIP-shaping (Dr); WIP-assembly (Cr) 630,000
◦ WIP-assembly (Dr); WIP-shaping (Cr) 728,000
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jayhills49 on Jan 5, 2020

nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jan 5, 2020
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


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Processing—Mineral Resources Processing—Mineral Resources
Cross section of a typical port fuel-injection nozzle assembly. These injectors are serviced as an ... Cross section of a typical port fuel-injection nozzle assembly. These injectors are serviced as an ...
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Downstream processing flow of a monoclonal antibody (mAb) Downstream processing flow of a monoclonal antibody (mAb)
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Eczema

For a complete list of videos, visit our video library