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 inventory | 7,000 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-in | 45,000 units |
| Transferred-in costs | $630,000 |
| Units completed | 42,000 |
| Costs added: materials | $155,040 |
| Costs added: conversion | $230,710 |
| Ending WIP inventory | 10,000 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
Processing of an mRNA molecule after transcription.
rRNA processing
Ribosomal subunit assembly
Schematic pathway of oligosaccharide processing on newly synthesized glycoproteins
Kinetic analysis of spliceosome assembly
Stepwise processing of pri-miRNA to produce miRNA