! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,900 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Percent Complete for Direct Materials Percent Complete for Conversion 40% Units Beginning work in process inventory 2,500 60% Units started this period 10,900 Units completed and transferred out 9,500 Ending work in process inventory 3,900 80% 30% Cost of beginning work in process Direct materials $ 944 Conversion Costs added this month Direct materials Conversion 533 $ 1,477 11,676 15,472 27,148 QS 16-17A (Algo) FIFO: Journal entry to transfer costs LO P4 Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use the FIFO method. View transaction list Journal entry worksheet 1 Record the transfer of units from the Assembly department to the Painting department (FIFO method.) Note: Enter debits before credits. Date November 30 General Journal Debit Credit Record entry Clear entry View general journal >
! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,900 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Percent Complete for Direct Materials Percent Complete for Conversion 40% Units Beginning work in process inventory 2,500 60% Units started this period 10,900 Units completed and transferred out 9,500 Ending work in process inventory 3,900 80% 30% Cost of beginning work in process Direct materials $ 944 Conversion Costs added this month Direct materials Conversion 533 $ 1,477 11,676 15,472 27,148 QS 16-17A (Algo) FIFO: Journal entry to transfer costs LO P4 Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use the FIFO method. View transaction list Journal entry worksheet 1 Record the transfer of units from the Assembly department to the Painting department (FIFO method.) Note: Enter debits before credits. Date November 30 General Journal Debit Credit Record entry Clear entry View general journal >
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 22E: Fordman Company has a product that passes through two processes: Grinding and Polishing. During...
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![Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,900
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Beginning work in process inventory
Units started this period
Units
2,500
60%
Percent
Complete for
Direct
Materials
Percent
Complete for
Conversion
40%
10,900
Units completed and transferred out
Ending work in process inventory
9,500
3,900
80%
30%
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
$ 944
533
$ 1,477
11,676
15,472
27,148
QS 16-17A (Algo) FIFO: Journal entry to transfer costs LO P4
Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use
the FIFO method.
View transaction list
Journal entry worksheet
<
1
Record the transfer of units from the Assembly department to the Painting
department (FIFO method.)
Note: Enter debits before credits.
Date
November 30
General Journal
Debit
Credit
View general journal
Record entry
Clear entry
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4f0ca033-84d3-40e3-b8ca-d58698786975%2Fe5e8037a-d029-4277-847b-ffadccc0efbc%2Fe0z8jpm_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,900
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Beginning work in process inventory
Units started this period
Units
2,500
60%
Percent
Complete for
Direct
Materials
Percent
Complete for
Conversion
40%
10,900
Units completed and transferred out
Ending work in process inventory
9,500
3,900
80%
30%
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
$ 944
533
$ 1,477
11,676
15,472
27,148
QS 16-17A (Algo) FIFO: Journal entry to transfer costs LO P4
Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the Painting department. Use
the FIFO method.
View transaction list
Journal entry worksheet
<
1
Record the transfer of units from the Assembly department to the Painting
department (FIFO method.)
Note: Enter debits before credits.
Date
November 30
General Journal
Debit
Credit
View general journal
Record entry
Clear entry
>
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