Question
In: Accounting
Roofing Manufacturers had a beginning work-in-progress of $500,000. The company used $300,000 in direct materials and...
Roofing Manufacturers had a beginning work-in-progress of $500,000. The company used $300,000 in direct materials and $500,000 in labor and applied factory overhead at 200% of direct materials. At the end of the month, the company had an ending work-in-progress of $750,000. Record necessary journal entries to record the (1) direct materials used, (2) direct labor used, (3) applied overhead and (4) the transfer of completed work-in-progress from molding department to finishing department. (20 Points)
Solutions
ekkarill92 answered 2 years agoRelated Solutions
* A department had 250 units of beginning work-in-process, which are 90% as to direct materials...
* A department had 250 units of beginning work-in-process, which
are 90% as to direct materials
and 70% complete as to conversion.
* The department started 430 units during a given period.
* The department completed and transferred out 380 units.
* At the end of the period, there are 300 units remaining
unfinished with 100% complete as to direct materials
and 40% complete as to conversion.
* The following cost information is given for the
department:
...
Hamilton Manufacturing Company Direct materials 175,000 Materials handling 35,000 Grinding 300,000 Polishing 100,000 Product Modification 500,000...
Hamilton Manufacturing Company Direct materials 175,000
Materials handling 35,000 Grinding 300,000 Polishing 100,000
Product Modification 500,000 Providing Power 225,000 System
Calibration 400,000 Machine Hours 37,500 units Direct Labor Hours
15,000 Engineering hours 1,200 Batches 200 Materials handling based
on direct material cost Grinding based on machine hours Polishing
based on machine hours Product Modification based on engineering
hours Providing Power based on direct labor hours System
Calibration based on batches Job 231 Completed 1,675 units Direct
Materials 18,500 Direct labor...
Vega Manufacturing Company developed the following data: Beginning work in process inventory: $900,000 Direct materials used:...
Vega Manufacturing Company developed the following data:
Beginning work in process inventory: $900,000 Direct materials
used: $800,000 Actual overhead: $1,000,000 Overhead applied:
$800,000 Direct labor: $1,300,000 Ending work in process:
$1,600,000 Vega's total manufacturing costs for the period is
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning ofMarch and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):MoldingFabricationTotalEstimated total machine-hours used2,5001,5004,000Estimated total fixed manufacturing overhead$14,500$17,700$32,200Estimated variable manufacturing overhead per machine-hour$3.20$4.00Job PJob QDirect...
Sweeten Company had no jobs in progress at the beginning ofMarch and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):MoldingFabricationTotalEstimated total machine-hours used2,5001,5004,000Estimated total fixed manufacturing overhead$11,250$15,750$27,000Estimated variable manufacturing overhead per machine-hour$1.90$2.70Job PJob QDirect...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments--Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments--Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments--Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March): Molding Fabrication Total Estimated total
machine-hours used 2,500 1,500 4,000 Estimated total fixed
manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. It started only two jobs during
March- Job P and Job Q. Job P was completed and sold by the end of
the March and Job Q was incomplete at the end of the March. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Estimated...
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