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Author Question: Blousson Company has two sequential processing departments: Assembly then Shaping. The Shaping ... (Read 76 times)

jayhills49

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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
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Marked as best answer by jayhills49 on Jan 5, 2020

nathang24

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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.
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jayhills49

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Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Excellent

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