Homework SourseUse the following information for the Quick Study below The
Use the following information for the Quick Study below.
[The following information applies to the questions displayed below.]
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,400 units during November. The following production activity unit and cost information refers to the assembly department’s November production activities.
Required:
Prepare the November 30 journal entry to record the transfer of units (and costs) from the assembly department to the painting department. Use the weighted-average method.
Record the transfer of units from the assembly department to the painting department (weighted-average method.)
| Assembly Department | Units | Percent of Direct Materials Added | Percent of Conversion | ||||||
| Beginning work in process | 2,000 | 75 | % | 25 | % | ||||
| Units transferred out | 9,000 | 100 | % | 100 | % | ||||
| Ending work in process | 4,400 | 85 | % | 35 | % | ||||
Solution
Equivalent unit of material = 9000+(4400*85%) = 12740
Equivalent unit of conversion = 9000+(4400*35%) = 10540
Cost per equivalent unit of material = (1688+17422)/12740 = 1.5
Cost per equivalent unit of conversion = (498+20582)/10540 = 2
Cost of units transferred out = 3.5*9000 = 31500
Journal entry :
| Date | account and explanation | debit | credit |
| Nov 30 | Work in process-Painting department | 31500 | |
| Work in process-Assembly department | 31500 | ||
| (To record transferred out) |
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