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Author Question: Based on the following information from a company's process costing system that is reporting on the ... (Read 70 times)

sammy

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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
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Marked as best answer by sammy on Mar 6, 2021

frejo

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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.
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sammy

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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